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Customs revenue grows by 31% in July

Maldives Customs Service has revealed that the import-export revenue for July has increased compared to the same period last year, resulting in a 31% increase in revenue.

The Maldives recorded an import-export revenue of USD21 million in July this year, which is an increase compared to USD15 million in revenue recorded in July 2021, as per the statistics published by Customs. The statistics also revealed that USD280 million in goods were imported in July, which is an increase of 56% compared to USD176 million in July 2021.

Meanwhile, Oman, India, China, the United Arab Emirates (UAE), and Singapore were the biggest contributors to imports. As such, USD52 million in goods were imported from Oman, while USD45 million in goods were imported from India, USD36 million were imported from the UAE, USD32 million were imported from China, and USD22 million were imported from Singapore.

Furthermore, goods worth USD11 million were exported from the Maldives in June 2021 while the figure stood at USD5 million in July this year, which is a decrease of 52%. The Maldives exported the highest number of goods to Germany, the United Kingdom (UK), Mauritius, Bangladesh, and India. Around 27% of the goods were exported to Germany while 23% were exported to the UK. Among the most exported items include various frozen fish products.

The statistics also revealed that 93 vessels had arrived with goods in the Maldives and 99 vessels had departed in July.