Imported goods increased 25 per cent in 2018 - cost is MVR 47 Billion

The Cost, Insurance and Freight (CIF) of imported goods last year is a total of MVR 47 Billion.

The Yearly Cumulative statistics published yesterday by the Maldives Customs Service show that there was a 25 percent increase in imported goods in 2018 when compared to 2017.

The amount of goods imported in 2017 amounted to MVR 38 Billion.

While the imports increased in 2018, the exported goods saw a fall in amount. As such, Maldives had exported goods worth MVR 2.8 Billion. This amount is a three percent drop from the MVR 3 Billion amount in 2017.

The biggest importers to Maldives are the United Arab Emirates (UAE) taking up 18 percent of all imported goods. The second biggest importer is China with a share of 17 percent of all goods imported to Maldives. The third biggest importer was noted to be Singapore with 13 percent of all goods imported.

The most amount of goods last year were exported from Maldives to Thailand and occupied 36 per cent of all exported goods. The second highest exporter was Germany with 13 percent. The third biggest exporter qas Britain with 9 percent of the exports.