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    Home ยป Imports up by 27%, exports down by 4% in September 2022

    Imports up by 27%, exports down by 4% in September 2022

    Maldives Customs report imports increased by 27%, exports declined by 4%
    October 15, 20222 Mins Read
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    The latest update by Maldives Customs Service revealed total imports to the state for September 2022 increased by 27%, which amounts to MVR4.4 billion (including fuel).

    Moreover, imports excluding fuel rose by 25% which translates to MVR3.5 billion.

    Despite significant increment in imports, exports showed a decline. Customs confirmed exports declined by 4%, which amounts to MVR166 million.

    Major import categories;

    • Fuel (marine gas oil – diesel, petrol, aviation gas) – MVR958 million
    • Food items (excluding pork, alcohol, tobacco) – MVR773 million
    • Machinery & mechanical appliance; electrical – MVR738 million
    • Base metal and articles of base metal – MVR449 million
    • Products of the chemical or allied industries – MVR229 million

    Major export commodities;

    • Skipjack tuna (stripe bellied bonito – frozen) – MVR95 million
    • Skipjack tuna (prepared or preserved) – MVR33 million
    • Yellowfin tuna (frozen) – MVR8 million
    • Flours, meals and pallets of fish fit for human consumption – MVR6 million
    • Yellowfin tuna chunk (fresh of chilled) – MVR5 million

    Major importing countries;

    • Oman – MVR794 million (18% of total imports)
    • India – MVR627 million (14% of total imports)
    • China – MVR525 million (12% of total imports)
    • UAE – MVR438 million (10% of total imports)
    • Singapore – MVR392 million (9% of total imports)

    Major exporting countries;

    • Thailand – MVR84 million (51% of total exports)
    • Germany – MVR18 million (11% of total exports)
    • UK – MVR11 million (7% of total exports)
    • Spain – MVR8 million (5% of total exports)
    • France – MVR8 million (5% of total exports)

    According to Customs records, a total of 88 vessel arrivals were recorded with 92 vessel departures.

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