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

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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 15.8%, from $280M in 2017 to $584M in 2022.

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

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.

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

Latest Trends

August, 2024

About

Overview In August 2024, India exported $81.7M and imported $31.8M from Maldives, resulting in a positive trade balance of $49.9M. Between August 2023 and August 2024 the exports of India have increased by $41.7M (104%) from $40M to $81.7M, while imports increased by $7.48M (30.8%) from $24.3M to $31.8M.

Trade In August 2024, the top exports of India to Maldives were Indl. Machnry For Dairy Etc ($2.9M), Products Of Iron And Steel ($2.74M), Drug Formulations, Biologicals ($2.55M), Iron And Steel ($1.93M), and Moulded And Extruded Goods ($1.49M). In August 2024 the top imports of India from Maldives were Iron And Steel ($1.24M), Copper And Prdcts Made Of Copr ($435k), Aluminium, Products Of Aluminm ($174k), Other Construction Machinery ($38.1k), and Petroleum Products ($25.7k).

Growth In August 2024, the increase in India's year-by-year exports to Maldives was explained primarily by an increase in product exports in Indl. Machnry For Dairy Etc ($2.63M or 981%), Products Of Iron And Steel ($2.01M or 273%), and Drug Formulations, Biologicals ($926k or 57.1%). In August 2024, the increase in India's year-by-year imports from Maldives was explained primarily by an increase in product imports in Iron And Steel ($612k or 97.3%), Copper And Prdcts Made Of Copr ($358k or 461%), and Aluminium, Products Of Aluminm ($101k or 138%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$41.7M(104%)

IMPORT GROWTH (August 2023 - August 2024)$7.48M(30.8%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Maldives and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 15.8%, from $280M in 2017 to $584M in 2022.

In 2017, 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 2022 to $488M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Maldives
Top DestinationIndia$488M

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

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

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

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

Comparative Advantage India - Maldives

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Maldives in the exports of Mineral Products ($115M), Metals ($105M), and Machines ($87.3M).

During 2017, Maldives had a large net trade with India in the exports of Transportation ($434M), Mineral Products ($34.9M), and Metals ($16.7M).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage India - Maldives

Economic Complexity

Competitive Landscape

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

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