Maldives
2020 Product Exports | Imports: $214M | $1.38B, 176 of 226 | 167 of 226
2020 Per Capita Product Exports | Imports: $396 | $2.56k, 164 of 219 | 100 of 219
2017 Service Exports | Imports : $3.15B | $1.3B, 87 of 148 | 111 of 148
Overview In 2020 Maldives was the number 176 economy in the world in terms of total exports and the number 167 in total imports.
Exports The top exports of Maldives are Non-fillet Frozen Fish ($67.6M), Fish Fillets ($53.4M), Processed Fish ($30.8M), Non-fillet Fresh Fish ($19.6M), and Special Purpose Ships ($10M), exporting mostly to Thailand ($65.8M), France ($23M), Germany ($22.9M), India ($17.1M), and United States ($15.7M).
Imports The top imports of Maldives are Refined Petroleum ($79.9M), Broadcasting Equipment ($40.3M), Other Fruits ($31.5M), Packaged Medicaments ($30.8M), and Other Furniture ($30.7M), importing mostly from China ($273M), India ($196M), United Arab Emirates ($186M), Singapore ($162M), and Sri Lanka ($94.4M).
Location Maldives borders India, Sri Lanka, and British Indian Ocean Territory by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Maldives.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2020): Non-fillet Frozen Fish, $67.6M
Top Destination (2020): Thailand, $273M
In 2020, Maldives exported a total of $214M, making it the number 176 exporter in the world. During the last five reported years the exports of Maldives have changed by $14.3M from $200M in 2015 to $214M in 2020.
The most recent exports are led by Non-fillet Frozen Fish ($67.6M), Fish Fillets ($53.4M), Processed Fish ($30.8M), Non-fillet Fresh Fish ($19.6M), and Special Purpose Ships ($10M). The most common destination for the exports of Maldives are Thailand ($65.8M), France ($23M), Germany ($22.9M), India ($17.1M), and United States ($15.7M).
Service Trade
#permalink to sectionService Trade
#permalink to sectionMaldives 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).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionMaldives has a high level of specialization in Non-fillet Frozen Fish (230), Fish Fillets (180), Live Fish (132), Processed Fish (128), and Fish: dried, salted, smoked or in brine (80.5). 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
#permalink to sectionThe highest complexity exports of Maldives according to the product complexity index (PCI) are Large Construction Vehicles (0.78), Video Cameras (0.64), Stone Processing Machines (0.39), Iron Gas Containers (0.38), and Compasses (0.35). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Maldives according to the relatedness index, are Fish oil (0.055), Cocoa Beans (0.052), Crustaceans (0.052), Crude Petroleum (0.05), and Gold (0.046). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Maldives is not specialized in.
Product Space
#permalink to sectionThe 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 a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
