Overview: 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.
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.
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.
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).
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.
*The tariffs applied to imports for Maldives are:136: Most Favoured Nation duty rate treatement366: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA)
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.
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.
Maldives
