State revenue from raw fish products, declines
In 2024, compared to 2023, total exports decreased by nine percent
Man butchers fish in the fish market in Malé City
While exports from the Maldives decreased by five percent in December 2024, imports increased by 13 percent. These are notable changes compared to December 2023, according to the Maldives Monetary Authority (MMA).
The main reason for the decline in exports is the decrease in exports of frozen skipjack tuna and yellowfin tuna, which are included among Maldivian products. Along with this, the revenue from exporting raw fish products has also declined. However, re-exports have increased due to an increase in the sale of jet fuel as re-exports.
Imports have increased mainly due to transportation vehicles and their parts, food items, furniture, construction-related materials, and petroleum products. However, imports of machinery and mechanical appliances, and electrical and electronic machinery have decreased.
In 2024, compared to 2023, total exports decreased by nine percent, according to the Economic Update released by MMA in the ongoing month.
According to the report, compared to 2023, total imports increased by four percent in the past year.
