The Maldives Customs Service reported a 19 percent increase in revenue in May.
According to customs data, the customs revenue stood at MVR 357 million in May this year. This is a significant 19 percent increase compared to the same period last year.
Imports of goods, including oil and gas, stood at MVR 4.6 billion last month, a five percent increase compared to May last year. Excluding oil and gas, imports stood at MVR 3.8 billion in May this year.
The majority of goods were imported to the Maldives in May from India. Goods worth MVR 901 million were imported from the neighboring country, accounting for 19 percent of total imports. Significant imports were also made from the United Arab Emirates (MVR 645 million), China (MVR 642 million), and Oman (MVR 551 million).
The Maldives exported goods worth MVR 285 million last month, up 37 percent from May last year. The Maldives' largest export was fish, with Thailand being the leading recipient, accounting for 61 percent of the total exports, equivalent to MVR 175 million. Meanwhile, the United Kingdom accounted for 17 percent of exports, totaling MVR 48 million, and Germany accounted for seven percent, amounting to MVR 20 million.
