MPL CEO Mohamed Wajeeh Highlights Historic Import Growth

The Maldives has witnessed its most significant import of goods in history, according to CEO of Maldives Ports Limited (MPL), Mohamed Wajeeh, with a 26% import surge in the past nine months.

A graph released by Wajeeh on Facebook reveals the Maldives has imported a staggering 12,600 tonnes and 5,375 containers of general cargo in this period. These figures represent a notable increase from the previous year, with general cargo imports rising by 22% and container imports by 4%.

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The data further indicates that the number of containers imported this year has seen a 3% rise, while general cargo imports have surged by 35%. This upward trend underscores a robust recovery in the nation’s economic activity.

Wajeeh emphasised that the Maldives has experienced its highest-ever import levels in the last nine months. He attributed this positive shift to the commencement of President Dr Mohamed Muizzu’s administration, suggesting that the new leadership has played a pivotal role in invigorating the economy.

“The increase in import figures demonstrates a significant improvement in our economy under President Muizzu’s administration,” Wajeeh stated. He also noted that the government is preparing to launch critical projects to boost economic growth further and enhance the well-being of the Maldivian people.

The Maldives Monetary Authority’s (MMA) data shows that the Maldives imported goods worth $2 billion in the first seven months of this year. Despite the increase in imports, there has been a sharp decline in exports, highlighting a critical area for future economic strategy and development.