Overview of the Chemical Industry in Nepal and How to Buy Chemicals?
Brief Introduction of Nepal
- The capital of Nepal is Kathmandu
- It has a population of 28,608,710 million
- The total area is 147,181 km2
- The official language of Nepal is Nepali
- The currency is Nepalese Rupee (NPR)
Economic Statistics of Nepal
Nepal is the 33rd largest economy in Asia and 105th in the world. It has a GDP of $30.641 billion.
- Agriculture 24.26%
- Industry 13.3%
- Services 50.61%
Main Industries of Nepal
The largest industries of Nepal are:
- Agricultural Products
- Cement and Brick
Nepal’s Main Import Partners
- India 70.2%
- United Arab Emirates 2.78%
- Hong Kong 1.86%
- Singapore 1.37%
Nepal’s Main Export Partners
- India 67.6%
- United States 9.96%
- Germany 3.5%
- Turkey 2.81%
- United Kingdom 2.44%
Chemical Use in Nepal
Given the economic growth of Nepal, it is an attractive country for chemical trade. Nepal’s chemical industry is diverse and includes chemicals for:
Nepal’s economy largely depends upon its agricultural industry. Export of agricultural products is the main source of income of the country. In the agricultural industry, chemicals are widely used for better produce. Chemicals such as fertilisers are used for soil enrichment. For the protection and preservation of crops, chemical pesticides are used to prevent the destruction of crops by insects or other such organisms. Other chemicals are used to improve the quality and quantity of the yield.
The textile industry is one of the largest in Nepal. The use of chemicals in textiles is quite common and also necessary. Various chemicals are used in the different processes of textile industries. Chemicals are used for dyeing, cleaning, and processing the textiles. Furthermore, chemicals such as textile softeners, wetting agents, wax removing agents, textile sizing chemicals etc. are used in the textile industries.
Seaports and Trading Hubs of the Country
Nepal is a landlocked country. Therefore it has no seaports. For international trading, Nepal uses the seaports of India and China. From these seaports the goods are transported to Nepal through railways or roadways.
The main seaports are:
- Visakhapatnam Port
- Haldia Port
- Dhamra Port
- Mundra Port
- Port of Tianjin
- Port of Shenzhen
- Port of Lianyungang
- Port of Zhanjiang
For importing the goods, Camachem uses the largest port, the Port of Shenzhen.
What Chemicals does Nepal Import?
According to the latest trade data, Nepal imported around $29.08 million in inorganic chemicals and $75.07 million in organic chemicals. The imports included chemicals such as:
What Regulations are there on Importing Chemicals to the Country?
Nepal has a transparent import regime. The rules and regulations are controlled by the Ministry of Industry, Commerce, and Supplies (MoICS), along with the Department of Customs under the Ministry of Finance.
For the import of goods to Nepal:
- No license is required except for goods that are prohibited or restricted.
- A few commodities like wool, pharmaceuticals, and industrial chemicals may need pre-shipment quality inspection certificates for Nepal Customs.
- Nepal Customs Declaration Form is used for the calculation of applicable duty and tax.
- The merchandise provider is required to submit bills and invoices to Customs, showing the price, as well as other necessary documents relating to imports as demanded by Customs for the purpose of verifying the transaction price.
Why should Nepal Import Chemicals?
Availability – The local chemical industry has quite limited capacity and some customers require chemical delivery in an efficient manner. It is highly in demand by various industries. Due to the immense increase in the demand of chemicals, it is necessary for Nepal to import it in order to meet the needs of the country.
High Chemical Cost – Due to the immense domestic competition and expensive production, chemicals are cheaper to buy in the world market than they are locally. Nepal spent about $78 thousand on chemicals in the previous years, but due to increase in demand about $94 thousand was spent on the import of chemicals.
Chemical Quality – While most of the international chemical suppliers have good company reputations and quality products, some small domestic producers can have varying chemical quality. Domestic chemical suppliers are generally not trusted much due to the poor quality of their products. Therefore, in order to get high quality products that meet the standards of the clients, internationally known suppliers are the best option.
Where can I Buy Chemicals for Nepal?
Camachem has been exporting chemicals to clients in Nepal. If you are looking to import chemicals in bulk and achieve cost-savings, then look no further because Camachem provides superior quality products at reasonable costs. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quote.
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