Business

Import-export revenue up in Dec 2017

Male-commercial-habour

Overhead view of Male commercial harbour. PHOTO/MIHAARU

With an increase in exports and imports, the revenue for December 2017 had gone up according to the latest figures released by Maldives Customs Service.

Customs announced that there was an increase of 10 percent in the amount of goods imported last month, compared to December 2016. Goods worth MVR 3.7 billion had been imported in December 2017.

The United Arab Emirates and Singapore were seen as the biggest contributors to the import figures with 14 percent. India, China and Malaysia together made up 10 percent of imported goods.

The statistics from Customs show that they had earned MVR 286 million as import duty and other fees in December 2017. In 2016, only MVR 265 million recorded in the corresponding period, which is eight percent lower than the new figures.

Due to the increase imported goods and duty, there was a surge in fish products exported as well. MVR 391 million worth of fish products were exported in December 2017. This is a 96 percent increase compared to December 2016.

Looking at the fish export figures from last month, it was seen that the bulk of fishe products were exported to Thailand at 61 percent. The figures show that 8.3 percent was exported to the USA , followed by Germany at 6.1 percent and France at 5.1 percent.

Full details are available at the link below:

Source URL: Mihaaru-Business

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