Imports hike by MVR 1b, exports fall in Aug
Revenue through Customs stood at MVR 391 million in August last year, compared to MVR 324 million last month.
Imports to the Maldives last month increased compared to the same period last year, while exports declined during the same period, according to Customs data released on Thursday.
The CFI value of imports last month was 7% higher than the same month last year, according to the Customs data.
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Imports stood at MVR 4.8 billion in August last year
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Last month, goods worth MVR 5 billion were imported
According to the figures, goods worth MVR 93 million were exported last month. Exports during the same period last year stood at MVR 125 million. That’s a 26% decline year-over-year.
The revenue collected through customs last month was as follows:
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Revenue fell 17%
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MVR 391 million in August last year, compared to MVR 324 million last month
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MVR 2.1 million in royalties last month
Top five import markets in August:
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Oman - Goods worth MVR 887 million (17% of total imports)
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India - Goods worth MVR 736 million (15% of total imports)
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UAE - MVR 648 million (13% of total imports)
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China - MVR 398 million (8% of total imports)
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Germany - MVR 364 million (7% of total imports)
Oil products including marine gas, petrol and jet fuel constituted the bulk of the imports. The next largest import was food and beverages.
Top five export markets in August:
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Germany
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The United Kingdom
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Thailand
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India
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France
The bulk of the exports were s
