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Maldives Trade Summary

2020

Maldives exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR MALDIVES 2020

Overall Exports and Imports for Maldives 2020

Exports and imports of Maldives in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 163 million.
  • The total value of imports (CIF) was 1,838 million.
  • At the HS6 digit level, 107 products were exported to 46 countries and 2,593 products were imported from 122 countries.

Maldives top 5 Export and Import partners 2020

Top five countries to which Maldives exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Maldives exports to Thailand worth US$ 71 million, with a partner share of 43.58 percent.
  2. Maldives exports to Germany worth US$ 16 million, with a partner share of 9.68 percent.
  3. Maldives exports to France worth US$ 13 million, with a partner share of 8.02 percent.
  4. Maldives exports to United Kingdom worth US$ 12 million, with a partner share of 7.16 percent.
  5. Maldives exports to United States worth US$ 9 million, with a partner share of 5.28 percent.

Top five countries from which Maldives imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Maldives imports from China worth US$ 268 million, with a partner share of 14.56 percent.
  2. Maldives imports from India worth US$ 242 million, with a partner share of 13.16 percent.
  3. Maldives imports from United Arab Emirates worth US$ 228 million, with a partner share of 12.42 percent.
  4. Maldives imports from Singapore worth US$ 201 million, with a partner share of 10.92 percent.
  5. Maldives imports from Oman worth US$ 154 million, with a partner share of 8.38 percent.

Maldives Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Maldives along with trade value are:

  1. Maldives exported Frozen skipjack or stripe-bellied bonito , worth 61,752.55 (US$ Thousands).
  2. Maldives exported Prepared or preserved tuna, skipjack and bonito , worth 34,997.97 (US$ Thousands).
  3. Maldives exported Fresh or chilled fish fillets , worth 19,283.02 (US$ Thousands).
  4. Maldives exported Frozen yellowfin tunas , worth 16,265.79 (US$ Thousands).
  5. Maldives exported Frozen fish fillets , worth 8,817.23 (US$ Thousands).

The top five imported HS 6 digit level products from world by Maldives along with trade value are

  1. Maldives imported Petroleum oils, etc, (excl. crude); preparation , worth 256,263.92 (US$ Thousands).
  2. Maldives imported Transmission apparatus, for radioteleph incorpo , worth 45,696.36 (US$ Thousands).
  3. Maldives imported Other medicaments of mixed or unmixed products, , worth 30,623.12 (US$ Thousands).
  4. Maldives imported Semi-milled or wholly milled rice , worth 24,089.13 (US$ Thousands).
  5. Maldives imported Wood, nes sawn or chipped lengthwise, sliced or , worth 23,557.28 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Maldives in 2020 are below

  • The maximum rate of tariff in percentage on any product was 400 percent.
  • The simple average tariff across all products was 11.73 percent.
  • The trade weighted average tariff was 11.55 .
  • The total duty free imports in thousands of US dollars were 968,754.42 and duty free tariff line items share was 34.85 percent.

Development Indicators 2020

Key Development Indicators of Maldives in 2020 are below

  • Maldives GDP in current US dollar was 3,746 million.
  • GNI per capita, Atlas method (current US$) was 6,780.00 .
  • Maldives Trade balance: as % of GDP was -18.92.
  • Trade balance in current US$ was -709.00 million.
  • Trade as percentage of GDP was 117.78 .
  • Trade in services as percentage of GDP was 60.57 .

Trade Indicators 2020

Trade Indicators for Maldives in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.13.
  • Index of export market penetration was 1.43.
  • World Growth in percentage was -3.77 and Maldives Country Growth was -9.81 .