Imports up, exports down in January
According to the January figures released by the Customs, the government received MVR 5 billion through customs duties.
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By
Aishath Fareeha Abdulla
Maldives's imports increased by 31% in January this year compared to the previous year, while the value of exports fell by 31%, according to customs data.
According to the January figures released by Customs, the government received MVR 5 billion through customs duties. This is a 7% increase over last year.
Customs figures shown in January:
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5.1 billion worth of goods were imported
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173 million worth of goods were exported
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3 million in royalties
The highest imports last month:
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Fuel products; These include marine gas, diesel, petrol and aviation gas
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Machinery and mechanical appliances were the next largest imports
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The third largest import was food
Most of the goods were imported:
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UAE - Goods worth MVR 938 million (18% of total imports)
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Oman - Goods worth MVR 774 million (15% of total imports)
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India - Goods worth MVR 700 million (14% of total imports)
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China - Goods worth MVR 671 million (13% of total imports)
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Singapore - Goods worth MVR 550 million (11% of total imports)
The top five exporters last month:
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Thailand
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Germany
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The United Kingdom
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Bangladesh
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India
The bulk of the exports were:
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Tuna and tuna products
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The next largest share of exports is frozen seafood, frozen shrimp and fishmeal and other shrimp products
