Imports increases by 3% in May

Published on: Wednesday, June 14, 2017

Imports increases by 3% in May

The CIF value of goods imported during May increased by 3% compared to May last year. Approximately MVR 3.3 billion worth of goods were imported during May 2016, whereas this year the figure was recorded at MVR 3.4 billion. Among the top importing countries, United Arab Emirates recorded the highest with 19% and China at the second with 16%.

The total revenue collected through customs duty and other fees and fines during May 2017 showed an increase of 16% compared to that of May 2016. A total of MVR 239 million was collected through Customs duty last month.

The FOB value of goods exported during last May showed an increase of 34% to that of the same period last year, which is an increase from MVR 373 million in May 2016 to MVR 498 million in May 2017. The largest quantity of the exports was to Thailand which is 63% of the total exports for the month of May.

For further details please refer to ‘Monthly Statistics Sheet’.