Singapore (SGP) and Maldives (MDV) Trade | The Observatory of Economic Complexity

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Singapore-Maldives Trade: In 2022, Singapore exported $178M to Maldives. The main products that Singapore exported to Maldives were Refined Petroleum ($74.2M), Centrifuges ($3.56M), and Large Construction Vehicles ($2.92M). Over the past 5 years the exports of Singapore to Maldives have decreased at an annualized rate of 11.5%, from $329M in 2017 to $178M in 2022.

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

Maldives-Singapore Trade: In 2022, Maldives exported $417k to Singapore. The main products that Maldives exported to Singapore were Aircraft Parts ($92.3k), Integrated Circuits ($56.2k), and Engine Parts ($45.1k). Over the past 5 years the exports of Maldives to Singapore have decreased at an annualized rate of 20.7%, from $1.33M in 2017 to $417k in 2022.

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

Comparison In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Maldives ranked 166 in total exports ($689M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $178M to Maldives. The main products exported from Singapore to Maldives were Refined Petroleum ($74.2M), Centrifuges ($3.56M), and Large Construction Vehicles ($2.92M). During the last 5 years the exports of Singapore to Maldives have decreased at an annualized rate of 11.5%, from $329M in 2017 to $178M in 2022.

In 2017, Maldives exported $417k to Singapore. The main products exported from Maldives to Singapore were Aircraft Parts ($92.3k), Integrated Circuits ($56.2k), and Engine Parts ($45.1k). During the last 5 years the exports of Maldives to Singapore have decreased at an annualized rate of 20.7%, from $1.33M in 2022 to $417k in 2017.

Exports from Singapore () to Maldives () (2022)

Exports from Maldives () to Singapore () (2022)

Latest Data

Trade between Singapore () and Maldives ()

Singapore Exports

Date

Maldives Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Maldives
Top DestinationIndia$488M

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

In 2022, countries that imported more from Singapore than Maldives included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

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

Comparative Advantage Singapore - Maldives

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Maldives in the exports of Mineral Products ($75.7M), Machines ($42.6M), and Foodstuffs ($12.7M).

During 2017, Maldives had a large net trade with Singapore in the exports of Machines ($194k), Transportation ($94.7k), and Metals ($48.2k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Maldives () (2022)

Exports from Maldives () to Singapore () (2022)

Latest Data

Trade between Singapore () and Maldives ()

Singapore Exports

Maldives Exports

Market Competitiveness

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

Comparative Advantage Singapore - Maldives

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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