Business

Import Increases While Export Decreases in April 2019

Photo: southasiaathudson.org

4.1 million rufiyaa worth of goods were imported in April 2019, as per the statistics released by Maldives Customs Service. This is an increase of 9% compared to April 2018.

The statistics report by Customs also showed that there is a 14% decrease with 13 million rufiyaas in exports, in comparison with the 337 million rufiyaas in 2018. Additionally, it also showed that the government received 300 million rufiyaas in import duty and other fees for April 2019, which is a 14% rise compared to April 2018.

The United Arab Emirates is the largest importer of goods with 23% followed by China (16%), and Singapore (12%). Thailand is the largest importer of Maldivian goods while occupying 46% of the total export market, Maldivian Skipjack Tuna is the most exported product to Thailand with 43% of the Thai exports composed of this product.

Full details are available at the link below:

Source URL: Corporate Maldives

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