CIF from masks, sanitisers and medicine increase significantly

Maldives Customs Service has stated the income received from the import of mask, sanitisers, medicine and pharmaceuticals have significantly increased in the past four months.

Statistics revealed Customs received USD 3.9 million as Cost, Insurance and Freight (CIF) from the import of masks which is an increase of 6,714% compared to the same period of last year. Meanwhile, Customs recorded a 252% rise compared to last year from the import of hand wash products and disinfectants amounting to USD 2.66 million. Furthermore, the amount received from medicine and pharmaceuticals increased by 32% compared to last year, with Customs receiving USD 18.9 million.

As per the statistics, Customs received the highest amount as CIF from onions among all food items. In this regard, USD 3.3 million was generated as CIF from the import of onions which is an increase of 82% compared to the first four months of 2019. Customs revealed the CIF from onions increased due to the increase in prices.