Imports increase by 27%, exports by 35% in December 2022

The total imports to the Maldives in December 2022 rose by 27%, reports the Maldives Customs Service. Maldives imported MVR5.6 billion worth of commodities in the review month.

Additionally, imports excluding fuel rose by 24% as well, which is MVR4.6 billion worth of goods.

According to the authority’s recent update, apart from a significant rise in the total imports, the exports increased by 35% in the review month. Maldives exported MVR299 million worth of commodities in December.

Despite significant improvement in imports for the month, Customs revenue declined by 2%; which is MVR356 million. Royalties collected in December 2022 stood at MVR1.2 billion.

Major Importing Categories

  1. Fuel (marine gas oil; diesel, petrol, aviation gas): MVR1.1 billion
  2. Food items (excluding pork, alcohol, tobacco): MVR1 billion
  3. Vessels, aircraft & parts thereof: MVR848 million
  4. Machinery & mechanical appliance; electrical: MVR828 million
  5. Base metal and articles of base metal: MVR372 million

Major Importing Countries

  1. France: MVR766 million | 14%
  2. Oman: MVR754 million | 13%
  3. India: MVR724 million | 13%
  4. Singapore: MVR694 million | 12%
  5. China: MVR532 million | 9%

Major Exported Categories

  1. Skipjack tuna; stripe-bellied bonito (frozen): MVR188 million
  2. Skipjack tuna (prepared or processed): MVR35 million
  3. Yellowfin tuna (frozen): MVR17 million
  4. Yellowfin tuna (fresh or chilled): MVR16 million
  5. Yellowfin tuna chunk (fresh or chilled): MVR12 million

Major Exported Countries

  1. Thailand: MVR199 million | 66%
  2. Germany: MVR20 million | 7%
  3. UK: MVR14 million | 5%
  4. USA: MVR9 million | 3%
  5. France: MVR9 million | 3%

Customs reported a total of 123 vessel arrivals and 115 departures in the review month.

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