Silver Jewellery

Product overview

Silver jewellery is one of the major handicraft items exported from Nepal. The silver jewellery sector is very important for Nepal since a large number of people are dependent on it directly and directly for their livelihood.
Silver jewellery products are combination of gems and precious stones with pure sterling silver, which are hand made by quality craftsmen typical and traditional Nepali art and design, quality rings, earrings, pendants & necklaces etc.
The uniqueness of jewelleries manufactured in Nepal is that they are handmade, which makes jewellery manufacturing labor-intensive. Therefore, increase in production and exports of such jewelleries will have a positive backward effect in terms of increase in employment and income-generation opportunities. 
The Nepal Trade Integration Strategy (NTIS) 2010, put in place by the Government, Ministry of Commerce and Supplies (MoCS), has prioritized Silver Jewellery for export promotion.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Attractive Market For Nepalese Silver Jewellery:

 
Target Country  World Import Market Share (%)  Unit Value (000$/Ton) Annual Growth Rate in value Annual Growth Rate in Quantity Doing Business Index Country Risk for Doing Business Tariff applied Market Scan Rank
SN World 100%   14 10 - - - -
1 Hong Kong, China 14.8 5015.265 30 -12 2 A1 MFN 14.222
2 Canada 3.3 - 26 - 15 A1 LDC and GSP 13.389
3 Germany 8 1849.649 15 -8 18 A2 Preferential tariff to LDC 12.833
4 United Kingdom 5.7 72.963 10 21 6 A3  Preferential tariff to LDC 12.444
5 USA 37.5 - 13 - 4 A2 GSP 12.333
6 UAE 5 2615.439 57 -2 29 A3 MFN 11.833
7 Australia 2.4 1362.802 9 -4 11 A2 Preferential tariff to LDC 10.944
8 Switzerland 1.5 1645.935 13 -2 27 A1 GSP 10.889
9 Japan 3.1 2485.884 -1 -2 20  A1 Preferential tariff to LDC 10.667
10  Italy 2.8 - 27 - 72 B Preferential tariff to LDC 10.556
11 Denmark 1.3 - 1 - 5 A2 Preferential tariff to LDC 10.222
12 France 3 2576.716 5 -20 32 A3 Preferential tariff to LDC 9.667
13 India 0.9 1731.522 14 -12 132 A4 Preferential to Nepal 9.222
14 Belgium 0.8 3527.267  12 -3 31 A3 Preferential tariff to LDC 9.111
15 Spain 1.3 85.067 -2 26 42 B Preferential tariff to LDC 8.778
 
The Attractive Market Table (Market Scan Table) is generated on the basis of different trade indicators. It includes Total Import of the country, Price it is paying, Growth in the Price over the years, Size of the Market and the Market Growth Rate, Market Dynamism in terms of world (ITC Trade Map), World Bank's Doing Business Index, COFACE Country Risk Indicator (Credit rating), availability of Diaspora in the country (IOM), Distance and the Applied Tariff and Tariff rate (ITC Mac Map).
This table shows that Hong Kong, China should be the first choice to export the Nepalese Silver Jewellery (HS-6: 711311). Canada, Germany, United Kingdom, USA, UAE, Australia, Switzerland, Japan, Italy are other attractive markets.

 

Export Requirements

For detailed export requirements of Nepalese Silver Jewellery, please click above link.