Customs collects MVR 287 million in the month of July

Maldives Customs Service has collected MVR 287 million as revenue in the month of July.

This is a 2% increase compared to the same period in 2018 where the company gained MVR 281 million.

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Statistics show that CIF (Cost, Insurance, and Freight) expense rate has decreased by 9% at the end of July this year.

Over MVR 4.1 billion worth goods were imported to the Maldives in July 2018 while the amount has declined to MVR 3.7 billion during the same period this year.

An average of 21% of goods was imported from the UAE, 13% from Singapore and 11% of goods were brought from India.

Customs statistics further show that FOB (Free on Board) rate has declined between July 2018-2019.

Compared to last year, MVR 165 million worth goods were exported out of Maldives to countries including Thailand, Germany and France.

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