Imports in January at MVR 5.1 billion, up 31 percent

Maldives imported goods worth MVR 5.1 billion in January this year, according to customs data.

According to customs data, imports in January this year stood at MVR 5.1 billion, up 31 percent from the same month last year. Imports stood at MVR 3.9 billion in January 2023.

Exports fell 31 percent in January. Exports stood at MVR 251 million in January last year as against MVR 173 million in the same month this year.

While Maldivian exports decreased overall, an increase of seven percent in revenue was recorded this year compared to the same month last year. As such, the revenue last year was MVR 349 million in January while revenue stood at MVR 373 million in January this year.

The UAE, Oman, India, China, and Singapore were the top importers in January. The largest exports were to Thailand, Germany, the UK, Bangladesh and India.