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Maldives Trade Summary

2023

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 2023

Overall Exports and Imports for Maldives 2023

Exports and imports of Maldives in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 162 million.
  • The total value of imports (CIF) was 3,489 million.
  • At the HS6 digit level, 67 products were exported to 44 countries and 2,732 products were imported from 118 countries.

Maldives top 5 Export and Import partners 2023

Top five countries to which Maldives exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Maldives exports to Thailand worth US$ 87 million, with a partner share of 53.91 percent.
  2. Maldives exports to United Kingdom worth US$ 22 million, with a partner share of 13.74 percent.
  3. Maldives exports to Germany worth US$ 13 million, with a partner share of 7.84 percent.
  4. Maldives exports to France worth US$ 6 million, with a partner share of 3.42 percent.
  5. Maldives exports to India worth US$ 5 million, with a partner share of 3.16 percent.

Top five countries from which Maldives imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Maldives imports from India worth US$ 545 million, with a partner share of 15.61 percent.
  2. Maldives imports from Oman worth US$ 528 million, with a partner share of 15.12 percent.
  3. Maldives imports from United Arab Emirates worth US$ 451 million, with a partner share of 12.92 percent.
  4. Maldives imports from China worth US$ 405 million, with a partner share of 11.61 percent.
  5. Maldives imports from Singapore worth US$ 322 million, with a partner share of 9.22 percent.

Maldives Top 5 Productsexports imports at HS 6 digit level 2023

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 83,986.40 (US$ Thousands).
  2. Maldives exported Prepared or preserved tuna, skipjack and bonito , worth 38,667.59 (US$ Thousands).
  3. Maldives exported Fresh or chilled fish fillets , worth 9,666.74 (US$ Thousands).
  4. Maldives exported Frozen yellowfin tunas , worth 9,190.70 (US$ Thousands).
  5. Maldives exported Fresh or chilled yellowfin tunas , worth 3,464.26 (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 739,582.87 (US$ Thousands).
  2. Maldives imported Granite, merely cut into a square or rectangula , worth 65,203.62 (US$ Thousands).
  3. Maldives imported Transmission apparatus, for radioteleph incorpo , worth 65,101.58 (US$ Thousands).
  4. Maldives imported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth 50,691.25 (US$ Thousands).
  5. Maldives imported Other medicaments of mixed or unmixed products, , worth 41,764.87 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Maldives in 2023 are below

  • The maximum rate of tariff in percentage on any product was 400 percent.
  • The simple average tariff across all products was 10.69 percent.
  • The trade weighted average tariff was 10.25 .
  • The total duty free imports in thousands of US dollars were 1,209,547.28 and duty free tariff line items share was 43.76 percent.

Development Indicators 2023

Key Development Indicators of Maldives in 2023 are below

  • Maldives GDP in current US dollar was 6,591 million.
  • GNI per capita, Atlas method (current US$) was 11,090.00 .
  • Maldives Trade balance: as % of GDP was -1.27.
  • Trade balance in current US$ was -84.00 million.
  • Trade as percentage of GDP was 150.03 .
  • Trade in services as percentage of GDP was 93.25 .

Trade Indicators 2023

Trade Indicators for Maldives in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.16.
  • Index of export market penetration was 1.53.
  • World Growth in percentage was -3.13 and Maldives Country Growth was -32.19 .