Business

Exports spike by 118 percent in June

Customs building in the capital Male. MIHAARU PHOTO/NISHAN ALI

Customs building in the capital Male. MIHAARU PHOTO/NISHAN ALI

Exports to the Maldives spiked by 118 percent in the month of June compared to the previous year, announced Maldives Customs Service.

In a statement released Sunday, Customs stated that goods worth MVR 446 million were exported in June this year. Exports recorded in June 2016 amounted to MVR 204 million.

The highest exports were from fish products with the bulk (67 percent) exported to Thailand.

According to Customs, imports also increased last month with a record of MVR 2.9 billion. The amount is a seven percent increase from last year which recorded goods worth MVR 2.7 billion imported in June.

The bulk of imports were from the UAE, followed by China and Singapore, and India.

Full details are available from the link below:

Source URL: Mihaaru-Business

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