Imports drop 4%, exports go up by 4% in April

The total imports, including fuel, decreased by 4% in April 2023, reported the Maldives Customs Service.

The Maldives imported a total of MVR4.5 billion of commodities, including fuel in the review month. On the other hand, imports excluding fuel went up by 19%, and registered a total of MVR3.7 billion.

The royalties earned by the authority in April stood at MVR2.2 million while customs revenue stood at MVR305 million, registering a 16% decline.

Despite a decline in imports, and customs revenue, the total exports saw a 4% increase and stood at a total of MVR193 million.

Major Import Categories

  1. Fuel (marine gas oil – diesel, petrol, aviation gas): MVR838 million
  2. Food items (excluding pork, alcohol, tobacco): MVR816 million
  3. Machinery and mechanical appliance: MVR731 million
  4. Base metal and articles of base metal: MVR388 million
  5. Vessels, aircraft and parts thereof: MVR270 million

Major Import Countries

  1. India: MVR757 million
  2. Oman: MVR707 million
  3. UAE: MVR573 million
  4. China: MVR520 million
  5. Singapore: MVR467 million

Major Export Categories

  1. Skipjack Tuna (stripe-bellied bonito – frozen): MVR100 million
  2. Skipjack Tuna (prepared and preserved): MVR62 million
  3. Yellowfin Tuna Loins (frozen): MVR7 million
  4. Copper Waste and Scrap: MVR4 million
  5. Skipjack Tuna Fish Chips (dried): MVR3 million

Major Exported Countries

  1. Thailand: MVR86 million
  2. UK: MVR35 million
  3. Germany: MVR22 million
  4. Mauritius: MVR11 million
  5. India: MVR10 million

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