India / Maldives

Overview In January 2024, India exported $341M and imported $898k from Maldives, resulting in a positive trade balance of $340M. Between January 2023 and January 2024 the exports of India have increased by $307M (920%) from $33.4M to $341M, while imports decreased by $-1.08M (-54.7%) from $1.98M to $898k.

Trade In January 2024, the top exports of India to Maldives were Indl. Machnry For Dairy Etc ($2.9M), Products Of Iron And Steel ($2.74M), Drug Formulations, Biologicals ($2.55M), Iron And Steel ($1.93M), and Moulded And Extruded Goods ($1.49M). In January 2024 the top imports of India from Maldives were Iron And Steel ($1.24M), Copper And Prdcts Made Of Copr ($435k), Aluminium, Products Of Aluminm ($174k), Other Construction Machinery ($38.1k), and Petroleum Products ($25.7k).

Growth In January 2024, the increase in India's year-by-year exports to Maldives was explained primarily by an increase in product exports in Indl. Machnry For Dairy Etc ($2.63M or 981%), Products Of Iron And Steel ($2.01M or 273%), and Drug Formulations, Biologicals ($926k or 57.1%). In January 2024, the decrease in India's year-by-year imports  from Maldives was explained primarily by an decrease in product imports  in Electronics Instruments ($-567k or -96.2%), Other Commodities ($-105k or -87.8%), and Electric Machinery And Equipme ($-49.1k or -91.4%).