Kathmandu: Nepal’s export of Information Technology (IT) goods and services has seen a steady rise, reaching over Rs 28.5 billion in the first six months of the Fiscal Year 2024/25, according to Nepal Rastra Bank (NRB).
In the five months from mid-July to mid-December, IT exports totaled Rs 22.89 billion. The data indicates a significant monthly increase of Rs 5.16 billion in exports from mid-December to mid-January alone. Meanwhile, IT-related imports during the same six-month period amounted to Rs 3.52 billion.
NRB compiled the figures based on the transactions recorded through banks and financial institutions by individuals and companies exporting IT services from Nepal.
Comparative figures show consistent growth in Nepal’s IT sector. In FY 2023/24, exports of telecommunications, computer, and information services stood at Rs 1.554 billion. The previous fiscal years saw exports worth Rs 15.80 billion in 2022/23 and Rs 14.53 billion in 2021/22, highlighting an upward trajectory in Nepal’s IT exports.