MMA revealed that exports stood at USD 237 million in the past seven months. During the same period last year, exports stood at USD 257 million. However, re-exports increased by 19 percent to USD 175 million, according to MMA.
Maldives exports have dropped by eight percent over the past seven months, according to data from the Maldives Monetary Authority (MMA).
Statistics released by central bank, Maldives Monetary Authority (MMA) reveal that that exports stood at USD 237 million in the past seven months. During the same period last year, exports stood at USD 257 million.
Domestic exports significantly declined by 44 percent to USD 61 million, compared to USD 110 million in the first seven months of 2023.
According to MMA statistics, fish and fish product exports decreased by 46 percent to USD 55 million, down from USD 103 million last year.
Maldives saw positive trends in re-exports, which increased by 19 percent to USD 175 million, according to MMA.
While exports have declined, imports have risen by 4 percent, with the Maldives importing goods worth USD 2 billion over the past seven months.
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