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Foriegn Trade Statistics Of Maldives

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Foreign Trade Statistics of Maldives

Foreign Trade Statistics of Maldives


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  • 1. UNSD/UNESCAP Workshop on Trade Statistics for the Least Developed Countries (LDCs) and Small Island Developing Countries (SIDCs) Bangkok, 25-28 March 2003 Foreign Trade Statistics Rep of Maldives Introduction - The Maldives is small, and has an import oriented economy. - The largest proportion of GDP of the Maldives is produced in the tourism sector engaged in exports of services. - More than two thirds of the household consumption are imported goods. 1
  • 2. UNSD/UNESCAP Workshop on Trade Statistics for the Least Developed Countries (LDCs) and Small Island Developing Countries (SIDCs) Bangkok, 25-28 March 2003 Introduction - FTS are important not only by itself due to the large contribution of foreign trade to the national economy, but also to measure the various indicators of sectors dependent on foreign trade such as fishery, manufacturing, construction and others. Current Practices - Data Source – Import and Export databases are downloaded through intranet from the Maldives Customs Services on a monthly basis – Export dbase is available in a one month lag period and the Import dbase in one and a half month lag, routinely. 2
  • 3. UNSD/UNESCAP Workshop on Trade Statistics for the Least Developed Countries (LDCs) and Small Island Developing Countries (SIDCs) Bangkok, 25-28 March 2003 Current Practices - Data Structure – Both Databases are received in .dbf format – Imports Dbase contains the following fields:- CODE Harmonised system code NAME Description of the good COUNTRY Country of origin UNIT Unit of net weight NETWEIGHT Net weight CIF CIF value DUTY Import duty Current Practices - Data Structure – Exports Dbase contains the following fields:- CODE Harmonised system code NAME Description of the good COUNTRY Country of origin UNIT Unit of measurement of net weight NETWEIGHT Net weight FOB FOB value 3
  • 4. UNSD/UNESCAP Workshop on Trade Statistics for the Least Developed Countries (LDCs) and Small Island Developing Countries (SIDCs) Bangkok, 25-28 March 2003 Current Practices - The Task – Immediate task is to set up an operational database as per user’s requirements. – To produce the following tables monthly and to cater the routine publications:- - Export and Import data by BEC - Export and Import data by CPC sections - Export and Import data by Country - Export and Import data by Sector Automation – database is handled in Corel Paradox format. – The tables are stored in Excel workbook. Availability - From 1995 - FTS at the moment can be presented by:- - Countries - Sectors – Government – Public Enterprise – Private – Tourism - Classifications – Broad Economic Categories (BEC) – Central Product Classifications (CPC) – Supply and Use Table Classifications (SUT) 4
  • 5. UNSD/UNESCAP Workshop on Trade Statistics for the Least Developed Countries (LDCs) and Small Island Developing Countries (SIDCs) Bangkok, 25-28 March 2003 Problems - For the data collectors the public revenue is utmost priority, while statistics is the by-product. - Frequent changes in the coding system leads to the revision of the published statistics. - As a result of major changes in the coding systems from year to year data is not caparison. Actions Taken - Had meetings with the customs staff and explained the ways and needs from the point of view of statisticians. - The customs staff is to provide the bridge to convert the old coding system to the new, upon all changes in the coding system. - To minimize minor frequent changes in the classification. 5
  • 6. UNSD/UNESCAP Workshop on Trade Statistics for the Least Developed Countries (LDCs) and Small Island Developing Countries (SIDCs) Bangkok, 25-28 March 2003 Publications - Maldives At a Glance (monthly) – MPND - Development Outlook, Facts & Figures (quarterly) – MPND - Development Outlook (annually) – MPND - Statistical Yearbook of the Maldives (annually) – MPND - Maldives Key Indicators (annually) – MPND - Statistical Calendar (annually) - MPND - Economic Statistics (monthly) – MMA - Economic Review (annually) – MMA 6
  • 7. Development Outlook, Facts and Figures - MPNDTable 4: Exports (in million Rf) % Chn Export Sector % Chn of Major Export Products Major Exporting Countries Total Total Fresh / Frozen Dried Canned Apparel & Gov Pvt Chilled Fish Tuna Tuna Fish Clothing Germany HongKong Japan Singapore Sri Lanka Thailand U.K U.S.A Exports Exports 2001 937.3 4.5 256.5 680.8 4.8 65.0 6.6 -5.4 -4.2 56.8 38.7 43.0 25.0 180.9 80.3 84.7 381.4 2002 1,161.4 23.9 382.0 779.4 73.3 147.7 -15.2 7.3 11.8 38.9 22.2 133.4 35.7 178.4 170.0 110.5 442.3 2001 Oct 62.3 -42.2 16.0 46.3 -25.3 *** -51.3 -49.6 -48.1 1.1 0.5 1.4 0.1 10.5 8.1 6.5 29.3 Nov 71.7 24.7 15.9 55.8 34.0 ** 101.0 234.4 11.4 5.0 0.1 1.7 1.2 14.4 1.2 9.8 34.0 Dec 103.2 69.5 40.3 62.8 -7.5 *** 56.8 4.3 29.2 2.9 0.4 5.0 1.0 16.1 23.4 7.5 40.5 2002 Jan 115.2 16.4 53.8 61.3 69.7 503.8 -49.9 45.5 -9.5 5.1 2.9 5.7 1.8 10.8 36.9 13.2 38.3 Feb 84.1 73.3 26.6 57.4 205.3 *** 96.1 74.4 4.4 4.1 0.0 11.3 2.1 14.0 8.4 7.0 33.5 Mar 105.9 16.3 49.5 56.3 37.8 139.8 -62.7 11.1 24.6 2.5 2.5 10.8 4.2 12.7 20.8 15.9 32.7 Apr 86.0 24.6 23.2 62.9 51.4 128.9 39.4 -32.7 -1.9 0.2 2.4 12.4 3.3 13.5 12.6 4.5 35.6 May 95.7 60.5 37.6 58.1 30.9 474.0 -9.3 *** 8.2 2.2 4.0 2.3 2.0 15.0 24.1 7.7 33.8 Jun 102.6 86.7 53.4 49.2 97.4 *** -31.9 283.0 -5.1 3.4 2.1 10.1 3.5 10.3 33.3 7.9 28.2 Jul 72.8 -34.2 18.8 53.9 15.5 -63.9 -38.0 -75.0 45.3 0.9 1.3 5.9 0.7 15.6 8.4 7.1 31.4 Aug 80.9 -0.2 1.5 79.4 34.1 *** -0.1 -86.3 27.5 1.6 1.9 9.7 1.2 17.1 1.9 0.2 45.8 Sep 95.3 10.2 18.3 77.0 96.3 -92.5 -14.8 24.8 37.8 7.3 1.5 8.7 1.5 20.0 0.8 10.4 42.0 Oct 107.0 71.6 36.0 70.9 110.2 169.9 112.6 119.2 12.8 4.0 0.1 23.0 6.7 18.5 7.8 11.3 33.1 Nov 101.2 41.2 24.0 77.2 251.7 *** -1.2 -21.1 15.8 0.1 3.6 14.0 5.2 15.3 1.0 17.5 43.6 Dec 114.9 11.3 39.2 75.7 191.9 -1.6 -29.5 34.8 4.7 7.6 0.0 19.6 3.4 15.7 13.9 7.7 44.4* Not exported in the present year ** Not exported in both years *** Not exported in the previous yearNote: % change (chn) is calculated over the same month / period of the previous yearSource: Maldives Custom ServicesFigure 4.1: Exports Figure 4.2: Exports by Major Products 140 500 in million Rf in million Rf 120 400 100 300 80 200 60 100 40 0 20 1998 1999 2000 2001 2002 1997 1998 1999 2000 2001 2002 Apparel & Clothing Dried Tuna Frozen Tuna Exports T rend Business Cycle Canned Fish Fresh or Chilled Fish Figure 4.3: Exports by Sectors Figure 4.4: Export Trends by Major Destinations 120 40 in million Rf 100 in percent 30 80 60 20 40 10 20 0 0 1997 1998 1999 2000 2001 2002 1997 1998 1999 2000 2001 2002 G ermany Sri Lanka UK G ov Sector Pvt Sector Japan USA Thailand Issue No 9 - January 2003, page 4 of 12
  • 8. Development Outlook, Facts and Figures - MPNDTable 5: Imports (in million Rf) % Chn of % Chn by Broad Economic Categories Major Importing Countries Total Total Imports By Sectors European Food & Fuel & Machinery Transport Consumer Imports Imports Gov Public Ent. Pvt Tourism Beverages Lubricants Equipment Equipment Goods Singapore India Sri Lanka Malaysia Union U. A. E. 2000 4,573.7 -3.4 148.9 1,058.5 2,582.0 784.2 -0.9 63.4 -25.1 -7.0 1.3 1,168.2 419.5 619.7 570.5 444.4 387.5 2001 4,741.0 3.7 199.5 1,139.6 2,628.6 773.3 1.5 4.9 6.8 1.9 2.3 1,204.3 502.4 619.7 421.2 576.4 397.5Dec 2001 - Nov 2002 4,852.0 2.2 223.7 1,098.7 2,792.2 737.5 3.3 0.7 -1.9 -30.7 4.0 1,261.7 532.5 734.9 260.4 667.7 334.5 Jan - Nov 2002 4,482.4 2.5 210.0 1,036.4 2,560.9 675.1 2.0 5.1 -0.5 -30.3 4.0 1,167.3 483.2 681.6 242.6 628.4 307.0 2001 Oct 422.0 4.7 30.9 100.5 229.7 60.9 16.4 2.7 2.2 7.4 6.6 125.5 43.1 54.2 43.9 46.7 33.7 Nov 396.3 3.3 6.3 92.1 235.6 62.3 -8.8 -14.1 14.5 -27.8 4.1 82.8 51.0 48.9 41.4 48.7 29.0 Dec 369.7 -1.9 13.7 62.2 231.4 62.4 16.9 -47.4 -18.7 -35.1 3.7 94.4 49.3 53.2 17.9 39.3 27.5 2002 Jan 372.8 -20.0 31.3 92.5 187.7 61.4 -16.4 -19.0 -5.1 -39.8 -25.6 115.9 34.5 54.6 42.7 37.4 22.1 Feb 357.9 -4.2 24.7 94.5 188.5 50.2 -6.7 12.8 16.3 -72.3 -7.9 85.6 38.2 48.9 23.3 60.6 37.7 Mar 411.0 8.8 30.7 92.9 225.4 61.9 12.4 4.0 22.6 -28.5 12.2 105.8 45.3 48.4 26.4 57.8 30.1 Apr 386.7 -0.9 10.9 71.5 206.8 97.5 0.7 37.5 5.4 -75.1 -3.9 107.5 43.0 46.9 21.2 68.7 27.6 May 347.6 -11.9 15.7 62.8 207.5 61.6 1.6 -8.9 11.8 -74.0 7.5 99.0 37.7 55.9 17.9 43.3 20.9 Jun 411.4 12.4 18.0 101.0 238.3 54.1 16.9 4.3 65.3 -44.4 0.2 111.3 46.6 47.6 17.7 62.5 33.0 Jul 440.5 21.2 13.1 146.5 231.5 49.3 9.4 38.5 66.3 -13.8 14.0 92.3 46.3 63.6 22.7 103.6 23.3 Aug 395.6 -13.5 15.8 75.6 245.2 58.9 -2.2 -46.7 -59.9 -0.3 11.1 98.8 49.6 68.0 15.0 41.1 22.2 Sep 415.6 14.0 12.0 109.9 235.4 58.4 -0.8 52.0 -5.5 5.3 12.6 127.9 42.6 64.8 26.0 59.5 25.4 Oct 514.7 22.0 23.6 111.8 314.9 64.5 2.6 -3.6 6.0 41.4 33.2 141.2 50.7 96.8 19.2 59.5 31.3 Nov 428.6 8.1 14.3 77.3 279.6 57.3 9.7 7.7 -30.5 199.3 -2.5 82.0 48.7 86.3 10.5 34.3 33.5Note: % change (chn) is calculated over the same month / period of the previous yearSource: Maldives Custom ServicesFigure 5.1: Imports Figure 5.2: Imports by Sectors 550 120 in Million Rf in percent 500 100 450 80 400 60 350 40 300 20 250 1997 1998 1999 2000 2001 2002 1997 1998 1999 2000 2001 2002 Private sector T ourism sector I m ports Trend Business Cycle Public entp. sector G overnment sectorFigure 5.3: Major Importing Countries Figure 5.4: Import Trends of Selected Broad Economic Categories (BEC) 40 140 120 in Million Rf in percent 30 100 80 20 60 40 10 20 0 0 1995 1996 1997 1998 1999 2000 2001 95 96 97 98 99 00 01 02 Sri Lanka India C o n s u mer Goods Fuel & Lubricant s Machinery Equipment Singapore European Union Food & Be v e r a g e s In d u s trial Supplies T r a n s p o r t Equipment Issue no 9 - January 2003, page 5 of 12
  • 9. A GLIMPSE OF THE MALDIVES LOCATION, AREA & CLIMATE LANGUAGE COMMUNICATION 2002 FINANCE 2003Location Dhivehi is the national and official language. Telephone lines 28,651 (Budget Estimate) (Million US$) Latitude 7º6’35” N to 0º42’24” S Malé, Villingili, Aarah, Hulhule & Hulhumalé 20,964 English is widely used in education and foreign Total revenue 313.5 Other inhabited islands 6,656 Longitude 72º33’19” E to 73º46’13”E communication. Resorts 872 Revenue 233.3 Uninhabited islands 159 Monetary grants 3.5Area Payphones 769 Fund accounts 3.1 Area (including sea) 115,300 sq.km EDUCATION 2002 Malé & Villingili 158 Loan disbursement for development projects 68.2 E.E.Z 859,000 sq.km Other islands 611 Students enrolled Total Male Female Grants for development projects 5.3 Number of inhabited islands 199 Mobile phones 41,899 Republic 106,220 53,912 52,308 Number of uninhabited islands 993 Malé 28,243 13,767 14,476 Post-paid 12,274 Total budget 313.5 Atolls 77,977 40,145 37,832 Pre-paid 29,625 General budget 233.3Climate (Malé) 2002 Educational institutions Atolls Malé Monetary grants 3.5 Annual rainfall 2,183.9 mm Government schools 61 13 Expenditure from fund accounts 3.1 Average daily minimum temperature 25.9º C Private schools 69 5 TRANSPORT 2002 Dev. expenditure financed from foreign loans 68.2 Community schools 170 4 Average daily maximum temperature 30.7º C Land transport 22,810 Dev. expenditure financed from grants 5.3 Literacy rate (2000) 98.9% Cars 2,366 Overall balance - Motor/auto cycles 16,587 TOURISM 2002 Other vehicles 3,857 POPULATION 2003 Sea transport 24,309 Tourist arrivals 484,680 NATIONAL ACCOUNTS2003 (projections for mid-year) Percentage change (2001-2002) 5.1 % Fishing fleet 13,899 (At 1995 constant prices - December 2002 revision)Both sexes 285,066 Number of resorts 87 Baththeli 480 GDP (million US$) 606.6 Male 144,599 Occupancy rate 68.9 Launches 1,635 Annual growth rate 4.2 % Female 140,467 Beds in operation 16,138 Boats 705 GDP per capita (US$) 2,128Urban 26.8 % Percentage change (2001-2002) -2.1 % Other vessels 7,590Malé (Capital) 76,350 CONSUMER PRICE INDEX2002 Average duration of stay (days) 8.4 Male 39,697 Tourism contribution to GDP 31.3 % June 1995 = 100 Female 36,653 FOREIGN TRADE 2002 Consumer Price Index (CPI) 116.4 CPI excluding fish 114.7 FISHERIES 2001 (Thousand US$) Total imports (c.i.f) 391,737 Percentage change in CPI (2001 - 2002) HEALTH 2001 (Thousand metric tonnes) Total exports (f.o.b) 90,757 Total CPI 0.9 % Total fish catch 127.2Life expectancy at birth (years) Male 71 CPI excluding fish 1.5 % Local consumption 59.6 BALANCE OF PAYMENTS 2001 Female 71 Exports 64.8 (Revised Estimate 28/08/2002) (Million US$)Infant Mortality Rate (IMR)/’000 live births 17 Current account balance -61.3 Stock of current year 2.7Crude Birth Rate (CBR)/’000 population 18 Trade balance -237.8 MONETARY SYSTEM Percentage change (2000 - 2001) 6.9 %Crude Death Rate (CDR)/’000 population 4 Exports (f.o.b) 110.2 Rufiyaa is pegged to the US Dollar at a market Composition of fish catch 127.2 Imports (f.o.b) -348.0 determined rate. On 24 July 2001, the MaldivesStill Birth Rate (SBR) /’000 live births 17 Skipjack 88.0 Monetary Authority announced new buying and selling Services (net) 206.1Maternal Mortality Ratio(MMR)/100,000 live births 143 Yellowfin tuna 15.2 rates for the US Dollar. Unrequited transfers -29.5 Exchange rate, (25th July 2001 onwards)Population per hospital bed 518 Other tuna related species 6.8 Non-monetary capital (net) 39.9 Overall balance -21.4 Buying SellingPopulation per practising doctor 1,049 Other marine fish 17.1 US$ 1.00 = Rf. 12.75 Rf. 12.85