{"id":5757,"date":"2023-04-05T12:19:08","date_gmt":"2023-04-05T07:19:08","guid":{"rendered":"https:\/\/mbt.mv\/?p=5757"},"modified":"2023-04-05T12:19:08","modified_gmt":"2023-04-05T07:19:08","slug":"imports-bump-18-revenue-decline-by-8","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=5757","title":{"rendered":"Imports bump 18%, revenue decline by 8%"},"content":{"rendered":"

Imports to the Maldives increased by 18% in February 2023, according to the Maldives Customs Service.<\/p>\n

The total imports to the country during the review month stood at MVR4.2 billion, including fuel. Total imports rose by 20% excluding fuel, which is MVR3.3 billion. However, exports observed a mild drop of 0.9% which is MVR231 million of export commodities.<\/p>\n

Despite the moderate increment of imports, the customs revenue saw a noticeable albeit slight 8% decline in revenues. Customs authority reported MVR301 million in revenues for the review month.<\/p>\n

Major Importing Categories<\/h4>\n
    \n
  1. Fuel\/Marine Gas Oil (diesel, petrol, aviation gas): MVR946 million<\/li>\n
  2. Food Items (excluding pork, alcohol, tobacco): MVR854 million<\/li>\n
  3. Machinery and Mechanical Appliance (electrical): MVR757 million<\/li>\n
  4. Base Metal and Articles of Base Metal: MVR315 million<\/li>\n
  5. Products of the Chemical or Allied Industries: MVR230 million<\/li>\n<\/ol>\n
    Major Importing Countries<\/h5>\n
      \n
    • India: 16% | MVR675 million<\/li>\n
    • Oman: 15% | MVR642 million<\/li>\n
    • Singapore: 14% | MVR571 million<\/li>\n
    • UAE: 11% | MVR480 million<\/li>\n
    • China: 11% | MVR471 million<\/li>\n<\/ul>\n

      Major Exported Categories<\/h4>\n
        \n
      1. Skipjack Tuna – Stripe-Bellied Bonito (frozen): MVR114 million<\/li>\n
      2. Skipjack Tuna (prepared or preserved): MVR50 million<\/li>\n
      3. Yellowfin Tuna (fresh or chilled): MVR14 million<\/li>\n
      4. Yellowfin Tuna Chunk (fresh or chilled): MVR12 million<\/li>\n
      5. Yellowfin Tuna (frozen): MVR10 million<\/li>\n<\/ol>\n
        Major Exporting Countries<\/h5>\n
          \n
        • Thailand: 50% | MVR116 million<\/li>\n
        • UK: 18% | MVR41 million<\/li>\n
        • Germany: 4% | MVR10 million<\/li>\n
        • France: 4% | MVR9 million<\/li>\n
        • USA: 3% | MVR8 million<\/li>\n<\/ul>\n

          Vessel movements during February 2023 observed a significant decline. The Maldives Ports Limited (MPL) had catered the arrival of only two vessels, and similarly the departure of two vessels in the review month.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Imports to the Maldives increased by 18% in February 2023, according to the Maldives Customs Service. The total imports to the country during the review month stood at MVR4.2 billion, including fuel. Total imports rose by 20% excluding fuel, which is MVR3.3 billion. However, exports observed a mild drop of 0.9% which is MVR231 million<\/p>\n","protected":false},"author":4,"featured_media":5758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423],"tags":[615,989,993,1285],"class_list":{"0":"post-5757","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-export-commodities","9":"tag-import-and-export","10":"tag-import-goods","11":"tag-maldives-customs-service"},"yoast_head":"\nImports bump 18%, revenue decline by 8% - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=5757\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Imports bump 18%, revenue decline by 8% - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Imports to the Maldives increased by 18% in February 2023, according to the Maldives Customs Service. The total imports to the country during the review month stood at MVR4.2 billion, including fuel. Total imports rose by 20% excluding fuel, which is MVR3.3 billion. However, exports observed a mild drop of 0.9% which is MVR231 million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=5757\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-05T07:19:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"968\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=5757#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=5757\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Imports bump 18%, revenue decline by 8%\",\"datePublished\":\"2023-04-05T07:19:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=5757\"},\"wordCount\":239,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=5757#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg\",\"keywords\":[\"Export Commodities\",\"Import and Export\",\"Import Goods\",\"Maldives Customs Service\"],\"articleSection\":[\"BUSINESS\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=5757#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=5757\",\"url\":\"https:\/\/mbt.mv\/?p=5757\",\"name\":\"Imports bump 18%, revenue decline by 8% - Maldives Business Times\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=5757#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=5757#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg\",\"datePublished\":\"2023-04-05T07:19:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mbt.mv\/?p=5757#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mbt.mv\/?p=5757\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/?p=5757#primaryimage\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg\",\"width\":1500,\"height\":968},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mbt.mv\/?p=5757#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mbt.mv\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Imports bump 18%, revenue decline by 8%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mbt.mv\/#website\",\"url\":\"https:\/\/mbt.mv\/\",\"name\":\"Maldives Business Times\",\"description\":\"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.\",\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mbt.mv\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mbt.mv\/#organization\",\"name\":\"Maldives Business Times\",\"url\":\"https:\/\/mbt.mv\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"width\":1312,\"height\":736,\"caption\":\"Maldives Business Times\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/mvbiztimes\",\"https:\/\/x.com\/mvbiztimes\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\",\"name\":\"Mohamed Reehaan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"caption\":\"Mohamed Reehaan\"},\"url\":\"https:\/\/mbt.mv\/?author=4\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Imports bump 18%, revenue decline by 8% - Maldives Business Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mbt.mv\/?p=5757","og_locale":"en_US","og_type":"article","og_title":"Imports bump 18%, revenue decline by 8% - Maldives Business Times","og_description":"Imports to the Maldives increased by 18% in February 2023, according to the Maldives Customs Service. The total imports to the country during the review month stood at MVR4.2 billion, including fuel. Total imports rose by 20% excluding fuel, which is MVR3.3 billion. However, exports observed a mild drop of 0.9% which is MVR231 million","og_url":"https:\/\/mbt.mv\/?p=5757","og_site_name":"Maldives Business Times","article_publisher":"https:\/\/www.facebook.com\/mvbiztimes","article_published_time":"2023-04-05T07:19:08+00:00","og_image":[{"width":1500,"height":968,"url":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg","type":"image\/jpeg"}],"author":"Mohamed Reehaan","twitter_card":"summary_large_image","twitter_creator":"@mvbiztimes","twitter_site":"@mvbiztimes","twitter_misc":{"Written by":"Mohamed Reehaan","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mbt.mv\/?p=5757#article","isPartOf":{"@id":"https:\/\/mbt.mv\/?p=5757"},"author":{"name":"Mohamed Reehaan","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2"},"headline":"Imports bump 18%, revenue decline by 8%","datePublished":"2023-04-05T07:19:08+00:00","mainEntityOfPage":{"@id":"https:\/\/mbt.mv\/?p=5757"},"wordCount":239,"commentCount":0,"publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"image":{"@id":"https:\/\/mbt.mv\/?p=5757#primaryimage"},"thumbnailUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg","keywords":["Export Commodities","Import and Export","Import Goods","Maldives Customs Service"],"articleSection":["BUSINESS"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mbt.mv\/?p=5757#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mbt.mv\/?p=5757","url":"https:\/\/mbt.mv\/?p=5757","name":"Imports bump 18%, revenue decline by 8% - Maldives Business Times","isPartOf":{"@id":"https:\/\/mbt.mv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mbt.mv\/?p=5757#primaryimage"},"image":{"@id":"https:\/\/mbt.mv\/?p=5757#primaryimage"},"thumbnailUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg","datePublished":"2023-04-05T07:19:08+00:00","breadcrumb":{"@id":"https:\/\/mbt.mv\/?p=5757#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mbt.mv\/?p=5757"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/?p=5757#primaryimage","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/MPL-1.jpg","width":1500,"height":968},{"@type":"BreadcrumbList","@id":"https:\/\/mbt.mv\/?p=5757#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mbt.mv\/"},{"@type":"ListItem","position":2,"name":"Imports bump 18%, revenue decline by 8%"}]},{"@type":"WebSite","@id":"https:\/\/mbt.mv\/#website","url":"https:\/\/mbt.mv\/","name":"Maldives Business Times","description":"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.","publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mbt.mv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mbt.mv\/#organization","name":"Maldives Business Times","url":"https:\/\/mbt.mv\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","width":1312,"height":736,"caption":"Maldives Business Times"},"image":{"@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mvbiztimes","https:\/\/x.com\/mvbiztimes"]},{"@type":"Person","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2","name":"Mohamed Reehaan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","caption":"Mohamed Reehaan"},"url":"https:\/\/mbt.mv\/?author=4"}]}},"_links":{"self":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/5757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5757"}],"version-history":[{"count":0,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/5757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/media\/5758"}],"wp:attachment":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}