February 26: Nepal spent more than Rs 410 million for importing lipsticks from different countries in the first seven months of the current fiscal year (FY 2023/24).

According to the data of the Department of Customs, lipsticks worth Rs 411.7 million were imported into Nepal from mid-July 2023 to mid-January 2024. The statistics of the department showed that a total of 122,454 kilograms of lipsticks were imported into the country.

During the corresponding period of last fiscal year, Nepal had imported 147,087 kilograms of lipsticks worth Rs 234.43 million. Compared to the first seven months of last fiscal year, the import of lipsticks has decreased by 16 percent in terms of quantity, while the price has increased by 75 percent in the current FY.

According to the data of the last seven months, China tops the list of countries from where Nepal imports lipsticks. During the review period, 68,113 kilograms of lipsticks worth Rs 194.8 million entered Nepal from China.

India ranks second in the list of countries from which Nepal imports lipsticks. In the last seven months, Nepal imported 51,745 kg of lipsticks worth Rs 168.154 million from India.

Along with China and India, Nepal also imports lipsticks from Turkey, Italy, Germany, the United States of America, Thailand, Taiwan, South Korea, Canada, the Philippines, Hong Kong, Malaysia, Saudi Arabia, Poland, Japan, the Netherlands, the United Kingdom, Mexico, Australia, Denmark, Luxembourg, Pakistan, the United Arab Emirates, Israel, Uzbekistan, France, Greece and other countries.

During the review period of the current fiscal year, Nepal imported 23,300 kg of lipsticks worth Rs 3.2 million from America.