Import-Export Revenue Hits MVR 325 Million in December

State revenue generated from import and export activities reached MVR 325 million in December last year.

Statistics released by the Maldives Customs Service show that the total value of imports for the month stood at MVR 5.3 billion. Of this amount, MVR 1.14 billion was spent on food items, MVR 992 million on machinery and electrical equipment, and MVR 890 million on fuel and petroleum products.

Additional imports included MVR 300 million worth of chemical products, MVR 135 million for stone, sand and gravel, and MVR 82 million for vehicles and spare parts.

China remained the Maldives’ largest source of imports, with goods valued at MVR 943 million. Oman ranked second at MVR 766 million, followed by the United Arab Emirates with MVR 688 million in exports to the Maldives.

Meanwhile, total exports for the month were valued at MVR 204 million, largely driven by fish products. This included MVR 90 million in frozen skipjack tuna, MVR 39 million in canned fish, and MVR 32 million in frozen yellowfin tuna.

Thailand was the leading destination for Maldivian exports, receiving MVR 121 million worth of goods. Other key export markets were the United Kingdom (MVR 33 million), France (MVR 8 million), Bangladesh (MVR 7 million), and India (MVR 6 million).