Imports, exports fall, but revenue sees hike in September
Compared to last year, exports were 43% lower this year.
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By
Aishath Fareeha Abdulla
The value of imports and exports of goods last month was lower than the same period last year, according to customs data.
The value of goods imported into Maldives last month declined by 3% compared to the same month last year, according to the Customs data released on Saturday.
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Imports stood at MVR 4.4 billion in September
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Imports last month stood at MVR 4.3 billion
According to customs data, goods worth MVR 86 million were exported last month. Exports stood at MVR 149 million during the same period last year.
Compared to last year, exports were 43% lower this year.
Imports and exports declined, but the government's revenue had increased last month:
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Revenue increased by 3%
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350 million in September last year, compared to MVR 360 million last month
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MVR 954,259 received in royalties last month
The top five import markets last month:
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Oman - Goods worth MVR 883 million (21% of total imports)
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India - Goods worth MVR 681 million (16% of total imports)
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UAE - MVR 500 million (12% of total imports)
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China - MVR 406 million (10% of total imports)
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Singapore - MVR 406 million (10% of total imports)
The highest imports last month were:
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Fuel; These include marine gas, petrol and jet fuel
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The next largest import was food and beverages
The top five export markets last month:
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Thailand
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The United Kingdom
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France
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India
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Germany
The bulk of the exports were:
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Skipjack Tuna, and products
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The next largest share of exports is large Yellowfin tuna fish products and fish meal made from fish waste
