Maldives’ Import Expenditure Hit MVR 4.4 Billion in March
In March 2024, Maldives imported goods worth MVR 4.4 billion, a 4% increase from March 2023, while exports fell 64% to MVR 124 million. Fuel was the largest import, exceeding MVR 1 billion, primarily from Oman (MVR 777 million). Other top import sources were India (MVR 763 million), UAE (MVR 617 million), China (MVR 440 million), and Singapore (MVR 401 million). Top export destinations were Thailand (MVR 41 million), UK (MVR 27 million), Germany (MVR 12 million), India (MVR 7 million), and France (MVR 6 million). The Maldives Customs Service collected MVR 320 million in duties and MVR 19 million in royalties.
In March 2024, Maldives imported goods worth MVR 4.4 billion, a 4% increase from March 2023, while exports fell 64% to MVR 124 million. Fuel was the largest import, exceeding MVR 1 billion, primarily from Oman (MVR 777 million). Other top import sources were India (MVR 763 million), UAE (MVR 617 million), China (MVR 440 million), and Singapore (MVR 401 million). Top export destinations were Thailand (MVR 41 million), UK (MVR 27 million), Germany (MVR 12 million), India (MVR 7 million), and France (MVR 6 million). The Maldives Customs Service collected MVR 320 million in duties and MVR 19 million in royalties.
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In March 2024, Maldives imported goods worth MVR 4.4 billion, a 4% increase from March 2023, while exports fell 64% to MVR 124 million. Fuel was the largest import, exceeding MVR 1 billion, primarily from Oman (MVR 777 million). Other top import sources were India (MVR 763 million), UAE (MVR 617 million), China (MVR 440 million), and Singapore (MVR 401 million). Top export destinations were Thailand (MVR 41 million), UK (MVR 27 million), Germany (MVR 12 million), India (MVR 7 million), and France (MVR 6 million). The Maldives Customs Service collected MVR 320 million in duties and MVR 19 million in royalties.
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