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Imports fall 25%, exports drop 40% in February: Customs

Mariyam Malsa
21 March 2021, MVT 09:24
Maldives Ports Limited (MPL) employees photographed working amidst the COVID-19 pandemic. PHOTO: AHMED AWSHAN ILYAS / MIHAARU
Mariyam Malsa
21 March 2021, MVT 09:24

Maldives Customs Service revealed that imports and exports had fallen by 25 percent and 40 percent respectively in February 2021.

According to Customs' monthly import-export statistics, Maldives exported goods worth a total of MVR 239 million in February, representing a 40 percent reduction compared to a figure of MVR 397 million in 2020.

In terms of import, customs reported that goods valued at MVR 2.9 billion were imported in February, representing a 25 percent reduction compared to the MVR 3.8 billion worth of goods imported during the same period last year.

The highest fraction of imports in February were sourced from the United Arab Emirates (UAE) and China, with goods worth MVR 407 million and MVR 381 million imported respectively. Maldives also imported goods worth MVR 339 million from Oman.

Overall, a total of MVR 256 million was received as income from imports and exports last month compared to MVR 300 million in February 2020, representing a 15 percent decrease.

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