Published on: Monday, February 6, 2017
The value of goods exported in 2016 increased by 7% compared to the previous year. Approximately MVR 3.7 billion worth of goods were exported in 2015, whereas in 2016 the figure was recorded at MVR 3.9 billion. Among the top exporting countries, Thailand recorded the highest with 33%, Sri Lanka and Singapore were listed 2nd and 3rd with 11% and 9% respectively.
The total revenue collected through customs duty and other fees and fines in 2016 showed an increase of 8% compared to that of 2015. A total of MVR 2.6 billion was collected through Customs duty in 2016, whereas in 2015 it was MVR 2.4 billion.
An increase of 12% was shown in the CIF value of goods imported in 2016, compared to that of 2015. A total of MVR 34 billion worth of goods were imported in 2016, whereas in 2015 it was MVR 31 billion.
Machineries and electronics were the main commodities of goods that were imported last year, summing up at MVR 6,758 million, which was 21% of imports last year. Foods and other consumables ranks at the second, worth MVR 6,402 million (19%). Third most imported was fuel, at 11%, which is worth MVR 3,543 million. The main reason for the increase in machineries imports is due to the increase in imports of machineries for the China-Maldives Friendship Bridge project.
The most number of goods were imported from United Arab Emirates, totaling up at MVR 5,298 million, which was 16% of the imports last year. Singapore comes at the second and India comes at the third place, with a total import of MVR 4,725 million (14%) and MVR 4,238 million (13%) respectively.
For further details, please see ‘annual statistics sheet’ accessible on ‘publications’ menu.