While the value of exports declined in August, imports and customs revenue grew in comparison to the same month the previous year.
The Maldives Customs Service has issued statistics for the month of August that show a 60 per cent reduction in exports from the same period last year.
According to MPL statistics of last month, Maldives exported MVR 270 million in commodities. This is less than half of last year's exports, which totalled MVR 675 million over the same time period in the Maldives.
COUNTRIES THAT EXPORT THE MOST ARE:
Thailand: MVR 130 million
UK: MVR 18 million
Germany: MVR 16 million
Netherlands: MVR 13 million
India: MVR 11 million
In August of last year, the Maldives imported goods worth MVR 2.1 billion. In August of this year, MVR 3.5 billion grew by 63 per cent.
COUNTRIES THAT EXPORT THE MOST ARE:
India: MVR 492 million
China: MVR 458 million
UAE: MVR 447 million
Oman: MVR 299 million
Singapore: MVR 288 million
Import duties generated MVR 102 million in August of last year, and MVR 288 million in August of this year, according to customs.
Citing to MPL's statistics, revenue from import duties and other levies grew by 182 per cent in comparison to the same month the previous year according to Customs officials.