Flag Maldives

Product Exports (2018): $254M, Rank 171 of 222

Exports Per Capita (2018): $493, Rank 95 of 219

Product Imports (2018): $3.07B, Rank 148 of 221

Imports Per Capita (2018): $5.94k, Rank 70 of 219

Service Exports (2017): $3.15B, Rank 84 of 139

Service Imports (2017): $1.3B, Rank 106 of 139

GDP (2018): $5.33B, CURRENT US$
Rank 154 of 196

GDP growth (2008 - 2018): 135%, CURRENT US$
Rank 15 of 196

GDP PC (2018): $10,331, CURRENT US$
Rank 73 of 196

GDP PC GROWTH (2008 - 2018): 56.2%, CURRENT US$
Rank 39 of 196

Overview: This page contains the latest international trade data for Maldives, including service trade data, and tariffs. In 2018 Maldives was the number 154 economy in the world in terms of GDP (current US$), the number 171 in total exports, and the number 148 in total imports. In 2018, Maldives exported $254M and imported $3.07B, resulting in a negative trade balance of -$2.81B. In 2018, Maldives's exports per capita were $493 and its imports per capita were $5.94k.

Trade: The top exports of Maldives are Non-fillet Frozen Fish ($73.8M), Processed Fish ($44.1M), Fish Fillets ($42M), Refined Petroleum ($33.5M), and Non-fillet Fresh Fish ($27.8M). The top imports of Maldives are Refined Petroleum ($404M), Planes, Helicopters, and/or Spacecraft ($59.9M), Other Furniture ($59.3M), Broadcasting Equipment ($56.9M), and Gravel and Crushed Stone ($50.4M).

Destinations: Maldives exports mostly to Thailand ($65.3M), Oman ($32.4M), Germany ($23.7M), United States ($19.3M), and France ($17.5M), and imports mostly from United Arab Emirates ($544M), China ($507M), Singapore ($379M), India ($262M), and Malaysia ($222M).

Location: Maldives borders India, Sri Lanka, and British Indian Ocean Territory by sea.

Yearly Exports

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Top Export (2018): Non-fillet Frozen Fish, $73.8M

Top Destination (2018): Thailand, $65.3M

In 2018 Maldives exported a total of $254M, making it the number 171 exporter in the world. During the last five reported years the exports of Maldives have changed by $40.5M from $214M in 2013 to $254M in 2018.

The most recent exports are led by Non-fillet Frozen Fish ($73.8M), Processed Fish ($44.1M), Fish Fillets ($42M), Refined Petroleum ($33.5M), and Non-fillet Fresh Fish ($27.8M). The most common destination for the exports of Maldives are Thailand ($65.3M), Oman ($32.4M), Germany ($23.7M), United States ($19.3M), and France ($17.5M).

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Yearly Imports

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Top Import (2018): Refined Petroleum, $404M

Top Origin (2018): United Arab Emirates, $544M

In 2018 Maldives imported $3.07B, making it the number 148 trade destination in the world. During the last five reported years the imports of Maldives changed by $1.18B from $1.89B in 2013 to $3.07B in 2018.

The most recent imports of Maldives are led by Refined Petroleum ($404M), Planes, Helicopters, and/or Spacecraft ($59.9M), Other Furniture ($59.3M), Broadcasting Equipment ($56.9M), and Gravel and Crushed Stone ($50.4M). The most common import partners for Maldives are United Arab Emirates ($544M), China ($507M), Singapore ($379M), India ($262M), and Malaysia ($222M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Maldives Exports Services (2017): $3.15B

Maldives Imports Services (2017): $1.3B

In 2017, Maldives exported $3.15B worth of services. The top services exported by Maldives in 2017 were Personal travel ($2.74B), Air transport ($273M), Telecommunications services ($98.8M), Sea transport ($17.1M), and Construction in the compiling economy ($9.55M).

The top services imported by Maldives in 2017 were Air transport ($332M), Miscellaneous business, professional, and technical services ($308M), Personal travel ($288M), Construction in the compiling economy ($154M), and Telecommunications services ($74.4M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Maldives. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Maldives are Sheet/film not cellular/reinf polymers of ethylene (267%) and Sacks & bags (including cones) of polymers of ethylen (231%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Maldives are:
136: Most Favoured Nation duty rate treatement
366: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA)

Economic Complexity

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Most Specialized Products by RCA Index

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Maldives has a high level of specialization in Non-fillet Frozen Fish (204), Processed Fish (178), Fish Fillets (121), Non-fillet Fresh Fish (93.5), and Processed Fish (60.2). Specialization is measured using RCA, an index that takes the ratio between Maldives observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Maldives according to the product complexity index (PCI) are Derricks, cranes, straddle carriers, crane trucks (0.95), Spark-ignition internal combustion engines (0.67), Optical fibres, lenses, mirrors, prisms, etc (0.66), Yachts, pleasure, sports vessels, rowing boats, canoes (0.31), and Ferrous waste or scrap, ingots or iron or steel (-0.54). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Maldives according to the relatedness index, are Crustaceans (0.045), Crude Petroleum (0.042), Molluscs (0.039), Fish Oil (0.037), and Scrap Aluminium (0.036). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Maldives is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.