Exports fall last month; imports, earnings rise
Top Stories
-
MIRA collects MVR 2.8 billion in revenue in February
-
Parliament passes bill to allow exemption from expat quota fees
-
Some flights resume to Maldives amid Mideast airspace disruption
-
MMA appoints Ishan as head of financial intelligence unit
-
Audit says MVR 29.6mn lost in FAM land sublease transactions
By
Ahmed Mizyal
Despite an increase in imports, exports fell again last month, Customs figures showed Thursday.
According to Customs data:
-
Imports: 27% increase year over year
-
Exports: 4% lower year over year
-
Customs revenue: 25% increase year over year
While exports declined last month, the pace at which it declined was lower than July and August when exports fell sharply.
-
August exports: 53% decline
-
July exports: 52% decline
September import/export data
Imports:
-
September 2021 - Goods worth MVR 3.5 billion
-
Last month - Goods worth MVR 4.4 billion
Exports:
-
September 2021 - Goods worth MVR 172 million
-
Last month - Goods worth MVR 166 million
Income:
-
September 2021 - MVR 281 million
-
Last month - MVR 351 million
Top five import markets in September
-
Oman – MVR 794 million (18% of imports)
-
India - MVR 627 million (14% of imports)
-
China – MVR 525 million (12% of imports)
-
UAE – MVR 438 million (10% of imports)
-
Singapore - MVR 392 million (9% of imports)
Top five export markets in September:
-
Thailand – MVR 84 million (51% of exports)
-
Germany – MVR 18 million (11% of exports)
-
UK – MVR 11 million (7% of exports)
-
Spain – MVR 8 million (5% of exports)
-
France – MVR 8 million (5% of exports)
