Maldives recorded a trade deficit of 192.40 USD Million in August of 2021. source: Maldives Monetary Authority

Balance of Trade in Maldives averaged -120.96 USD Million from 2005 until 2021, reaching an all time high of -43.30 USD Million in April of 2005 and a record low of -258.60 USD Million in March of 2018. This page provides - Maldives Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Maldives Balance of Trade - values, historical data and charts - was last updated on December of 2021.

Balance of Trade in Maldives is expected to be -210.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Maldives Balance of Trade is projected to trend around -230.00 USD Million in 2022, according to our econometric models.

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Maldives Balance of Trade

Related Last Previous Unit Reference
Balance of Trade -192.40 -162.20 USD Million Aug/21
Current Account to GDP -29.20 -26.90 percent of GDP Dec/20
Current Account -1099.00 -1513.30 USD Million Dec/20
Exports 28.00 16.70 USD Million Aug/21
Imports 220.40 178.90 USD Million Aug/21
Tourist Arrivals 143599.00 101818.00 Aug/21
Remittances 213.90 595.40 USD Million Dec/20
Foreign Direct Investment -519.00 -961.10 USD Million Dec/20
External Debt 1976.10 1535.50 USD Million Dec/20
Capital Flows -1427.60 -1940.80 USD Million Dec/20
Maldives Balance of Trade
The Maldives runs consistent trade deficits, as it imports most of what it consumes and has a very small manufacturing base. The Maldives’ main export product is fish (accounting for over 40 percent of total exports). Others include engines and metal scrap. The Maldives mainly imports fuel, aircraft, wood, prefabricated buildings, iron and steel, telecommunication equipment, vegetables and cement. The Maldive’s main trading partners are the United Arab Emirates, Singapore, India, France, Thailand, Malaysia and Sri Lanka.