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Started 3 days ago · Updated 14 hours ago

Nepal's Smartphone Imports Exceed Previous Fiscal Year's Value in 10 Months

Photo · risingnepaldaily.com

Nepal's smartphone imports have surpassed the total value of the previous fiscal year within the first 10 months of fiscal year 2025/26, reaching Rs. 39.39 billion. This surge, driven by increased demand for higher-priced devices and currency depreciation, has also led to a significant rise in customs revenue.

• Smartphone imports increased by 36.7% in value and 4.38% in quantity compared to the same period last fiscal year.
• The government collected Rs. 7.34 billion in customs revenue from smartphone imports during the review period, exceeding the entire previous fiscal year's collection.
• The import value has exceeded the previous fiscal year's total by approximately Rs. 3.85 billion within just 10 months.
• Consumers are increasingly opting for more expensive smartphone models, contributing to the higher import bill.
• Smartphones are being imported from nearly 60 countries, with China being a dominant source.