Maldives (MDV) and India (IND) Trade | The Observatory of Economic Complexity

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Maldives-India Trade: In 2022, Maldives exported $488M to India. The main products that Maldives exported to India were Planes, Helicopters, and/or Spacecraft ($433M), Petroleum Gas ($26.2M), and Scrap Iron ($14.8M). Over the past 5 years the exports of Maldives to India have increased at an annualized rate of 124%, from $8.7M in 2017 to $488M in 2022.

In 2022, Maldives did not export any services to India.

India-Maldives Trade: In 2022, India exported $584M to Maldives. The main products that India exported to Maldives were Refined Petroleum ($57.6M), Granite ($35.1M), and Raw Iron Bars ($32.7M). Over the past 5 years the exports of India to Maldives have increased at an annualized rate of 13%, from $280M in 2017 to $584M in 2022.

In 2022, India did not export any services to Maldives.

Comparison In 2022, Maldives ranked 166 in total exports ($689M), and does not have data regarding Economic Complexity Index. That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Maldives exported $488M to India. The main products exported from Maldives to India were Planes, Helicopters, and/or Spacecraft ($433M), Petroleum Gas ($26.2M), and Scrap Iron ($14.8M). During the last 5 years the exports of Maldives to India have increased at an annualized rate of 124%, from $8.7M in 2017 to $488M in 2022.

In 2017, India exported $584M to Maldives. The main products exported from India to Maldives were Refined Petroleum ($57.6M), Granite ($35.1M), and Raw Iron Bars ($32.7M). During the last 5 years the exports of India to Maldives have increased at an annualized rate of 13%, from $280M in 2022 to $584M in 2017.

Exports from Maldives () to India () (2022)

Exports from India () to Maldives () (2022)

Latest Data

Trade between Maldives () and India ()

Maldives Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Maldives
Top DestinationIndia$488M

India
Top DestinationUnited States$82.9B

This map shows whether countries import more from Maldives or India. Each country is colored based on the difference in imports they receive from Maldives and India or the difference in the growth in imports.

In 2022, no countries were registered that imported more from Maldives than from India.

In 2022, countries that imported more from India than Maldives included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

Difference in imports from India () and Maldives () (2022)

Comparative Advantage Maldives - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Maldives and India by product, considering products traded by both, Maldives and India.

During 2022, Maldives had a large net trade with India in the exports of Transportation ($434M), Mineral Products ($34.9M), and Metals ($16.7M).

During 2017, India had a large net trade with Maldives in the exports of Mineral Products ($115M), Metals ($105M), and Machines ($87.3M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Maldives and India. This means that a dot/product with the flag of Maldives indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Maldives.

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Historical Data

Bilateral Trade by Products

Exports from Maldives () to India () (2022)

Exports from India () to Maldives () (2022)

Latest Data

Trade between Maldives () and India ()

Maldives Exports

India Exports

Market Competitiveness

Difference in imports from India () and Maldives () (2022)

Comparative Advantage Maldives - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Maldives () and India () (2022)

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