Imports rise by seven percent, exports by 118 percent
11 ޖުލައި 2017 | އަންގާރަ 12:05Import duties, other fees earned MVR 210 million
MPL customs port area
The CIF value of imports to the Maldives has increased by seven percent in the past June.
Customs statistics shows that in June 2016, MVR 2.7 billion worth of goods was imported and that this figure has risen to MVR 2.9 billion in June 2017.
United Arab Emirates accounts as point of origin for 19 percent of imports, while Singapore and China each accounted for 15 percent. India accounted as point of origin for 11 percent of imports while Sri Lanka accounted for six percent of imports.
Earnings from import duties and other fees rose by 11 percent compared to the same period this year and last year. Last year June the state had earned MVR 189 million as import duties and fees, this has risen to MVR 210 million.
Exports, year on year, had risen by 118 percent. In 2016, MVR 204 million worth of goods was exported from Maldives. The value had risen to MVR 446 million. Fish and fish products accounted for the bulk of the exports and most of this was exported to Thailand.
