Maldives records 37% rise in import-export revenue in April 2022

Maldives has recorded a 37 percent increase in import-export revenue in April 2022, compared to the same period last year.

The monthly statistics released by Maldives Customs Service on Saturday show that the authority had earned MVR 362 million in revenue from import-export during last month. The amount stood at MVR 265 million during last year’s April.

As per the statistics, goods worth MVR 231 million were exported from the Maldives in April 2022; amounting to a 36 percent increase compared to goods worth MVR 170 million exported during April of last year.

Frozen skipjack tuna or stripe-bellied bonito was identified as the most exported commodity in the month of April. In this regard, frozen skipjack tuna valued at MVR 96 million was exported in April. Meanwhile, MVR 27 million worth prepared or preserved skipjack was exported taking second place in the list of most exported commodities. Third on the list frozen yellowfin tuna; valued at MVR 26 million.

The highest number of exports were made to Thailand; being 62 percent of total exports.

TOP THREE EXPORTING COUNTRIES:

Thailand: MVR 116 million worth goods (62 percent)

Germany: MVR 13 million worth goods (7 percent)

India: MVR 11 million worth goods (6 percent)

As per the statistics, goods worth MVR 4.7 billion were imported to the Maldives in April 2022. This is a 63 percent increase as only goods worth MVR 2.9 billion were imported in April of last year.

Types of fuel and petrol were identified as the most imported commodity to Maldives during April – being valued at MVR 1.6 billion. Food products take second as the most imported commodity at MVR 863 million. Third on the list in types of machinery; valued at MVR 721 million.

The highest number of imports were made from Oman; being 30 percent of total imports.

TOP THREE IMPORTING COUNTRIES:

Oman: MVR 1.4 billion worth goods (30 percent)

India: MVR 655 million worth goods (14 percent)

UAE: MVR 534 million worth goods (11 percent)

Customs recorded the arrival of 109 vessels and the departure of 128 vessels in April 2022. The authority received MVR 8.9 million as royalty fees.