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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)

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