Goods worth MVR 5.2 bln imported in first half of the year

The Maldives imported goods worth MVR 5.2 billion in the first half of the year.

According to the Maldives Customs Service, goods worth MVR 2.9 billion were imported in the first half of last year. However, imports stood at MVR 5.2 billion during the same period this year.

The CIF value of imports in June also increased compared to the same month last year, as did the FOB value of exports. The CIF value increased by 78 percent, while the FOB value stood at MVR 154 million in June last year as against MVR 247 million in June this year.

The state’s revenue in June was up 44 percent compared to the same month last year. The government received MVR 274 million through customs in June last year as against MVR 394 million received in June this year.

In June, the most number of goods were imported from Oman, India, China, UAE, and Malaysia. Goods worth MVR 1.1 billion were imported from Oman, while goods worth MVR 636 million were imported from India. Goods worth MVR 558 million were imported from India, followed by goos worth MVR 435 million imported from UAE. Imports from Malaysia stood at MVR 428 million.

In this period, the most significant exports were to Thailand, Germany, the UK, India, and France.