The Maldives’ exports increased by 32 percent in November 2023 compared to the same period last year, according to data released by Maldives Customs Service (MCS).

The Free on Board (FOB) value of exports stood at MVR 216 million in November 2023 over MVR 165 million in the same period last year.

The Maldives’ largest export was fish, with skipjack tuna being the most exported type, earning the country MVR 148 million.

The highest value in goods, accounting for 56 percent of all exports, were exported to Thailand.

Despite the increase in exports, the Cost, Insurance, and Freight (CIF) value of imports fell by two per cent in November this year. Imports stood valued at MVR 4.3 billion in November this year over MVR 4.4 billion during the same period last year.

The United Arab Emirates (UAE) was the largest exporter of goods to the Maldives last month, with imports valued at MVR 664 million, while imports from India were valued at MVR 651 million.

Imports, last month, from Oman were valued at MVR 513 million, Singapore MVR 421 million and China MVR 420 million.

Imports and exports earned the state MVR 429 million in revenue in November, up 21 percent from MVR 355 million over the same period last year.