Overview In 2019 Maldives was the number 148 economy in the world in terms of GDP (current US$), the number 176 in total exports, the number 159 in total imports, the number 69 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Maldives are Fish Fillets ($64.3M), Non-fillet Frozen Fish ($59.8M), Non-fillet Fresh Fish ($40.7M), Processed Fish ($35.7M), and Petroleum Gas ($30.4M), exporting mostly to Thailand ($59.3M), United States ($31.9M), China ($30.4M), France ($27.9M), and Germany ($26.6M).

Imports The top imports of Maldives are Refined Petroleum ($407M), Other Fruits ($56.1M), Other Furniture ($48.3M), Broadcasting Equipment ($47.9M), and Sawn Wood ($33.4M), importing mostly from United Arab Emirates ($517M), China ($338M), Singapore ($301M), India ($226M), and Malaysia ($127M).

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

Historical Data

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Yearly Exports

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Top Export (2019): Fish Fillets, $64.3M

Top Destination (2019): Thailand, $59.3M

In 2019, Maldives exported a total of $253M, making it the number 176 exporter in the world. During the last five reported years the exports of Maldives have changed by $74.8M from $178M in 2014 to $253M in 2019.

The most recent exports are led by Fish Fillets ($64.3M), Non-fillet Frozen Fish ($59.8M), Non-fillet Fresh Fish ($40.7M), Processed Fish ($35.7M), and Petroleum Gas ($30.4M). The most common destination for the exports of Maldives are Thailand ($59.3M), United States ($31.9M), China ($30.4M), France ($27.9M), and Germany ($26.6M).

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Yearly Imports

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Top Import (2019): Refined Petroleum, $407M

Top Origin (2019): United Arab Emirates, $517M

In 2019 Maldives imported $2.15B, making it the number 159 trade destination in the world. During the last five reported years the imports of Maldives changed by $13M from $2.14B in 2014 to $2.15B in 2019.

The most recent imports of Maldives are led by Refined Petroleum ($407M), Other Fruits ($56.1M), Other Furniture ($48.3M), Broadcasting Equipment ($47.9M), and Sawn Wood ($33.4M). The most common import partners for Maldives are United Arab Emirates ($517M), China ($338M), Singapore ($301M), India ($226M), and Malaysia ($127M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Maldives are Beverage waters, sweetened or flavoured (2.9M%) and Non-alcoholic beverages; non-alcoholic beer (319k%).

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

*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 Fish Fillets (181), Non-fillet Frozen Fish (167), Processed Fish (142), Non-fillet Fresh Fish (138), and Live Fish (130). 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 Pumps for liquids (1.41), Stainless steel in primary forms, semi-finish products (1.24), Other clock or watch parts (0.78), Cinematographic cameras and projectors (0.66), and Photographic cameras (except cine), accessories (0.14). 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 (0.041), Scrap Copper (0.034), Gold (0.034), Molluscs (0.034), and Crude Petroleum (0.032). 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 a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Maldives. These are products that tend to be co-exported with the products that Maldives exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The 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.