Imports increases by 9% in April

Published on: Tuesday, May 16, 2017

Imports increases by 9% in April

The CIF value of goods imported during April increased by 9% compared to April last year. Approximately MVR 3 billion worth of goods were imported during April 2016, whereas this year the figure was recorded at MVR 3.2 billion. Among the top importing countries, United Arab Emirates recorded the highest with 21% and India at 2nd.

The total revenue collected through customs duty and other fees and fines during April 2017 showed a decrease of 5% compared to that of April 2016. A total of MVR 203 million was collected through Customs duty last month.

The FOB value of goods exported during last April decreased by 21% to that of the same period last year, which is a decrease from MVR 363 million in January 2016 to MVR 288 million in April 2017. The largest quantity of the exports was exported to Thailand which is 39.4% of the total exports for the month of April.

For further details please refer to ‘monthly statistics sheet’.