Import, export sees improvement in September

Maldives Customs Service revealed that import and export saw improvement in the month of September.

According to statistics publicised by Customs, the Cost, Insurance and Freight (CIF) value of imported goods increased by four percent, generating MVR 3.8 billion in comparison with the MVR 3.7 billion earned in September 2018.

The Free on Board (FOB) value of goods exported during last month saw a 22 percent increase, with goods worth MVR 166 million being shipped out this year. In September 2018, this figure stood at MVR 136 million.

Statistics also reveal that a total of MVR 286 million was collected as revenue through customs duty and other fees last month, which is an increase of nine percent compared to September 2018.

Most of the imports were from United Arab Emirates (UAE), China and India. MVR 720 million worth of goods were imported from UAE, while MVR 703 million and MVR 370 million worth of goods were imported from China and India respectively.

Thailand, France and United Kingdom (UK) are amongst the major exporting countries, with exports of goods worth MVR 77 to Thailand, MVR 13 million to France and MVR 10 million to UK.