Maldives recorded a trade deficit of 234.90 USD Million in August of 2018. Balance of Trade in Maldives averaged -108.63 USD Million from 2005 until 2018, 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.

Balance of Trade in Maldives is expected to be -208.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Maldives to stand at -220.00 in 12 months time. In the long-term, the Maldives Balance of Trade is projected to trend around -230.00 USD Million in 2020, according to our econometric models.

Maldives Balance of Trade
Forecast Data Chart
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Maldives Trade Last Previous Highest Lowest Unit
Balance of Trade -234.90 -234.70 -43.30 -258.60 USD Million [+]
Exports 23.60 25.80 74.30 8.00 USD Million [+]
Imports 258.50 260.50 284.40 57.30 USD Million [+]
Current Account -860.10 -876.40 -21.90 -1032.40 USD Million [+]
Current Account to GDP -17.10 -18.90 -3.20 -36.40 percent [+]
Tourist Arrivals 107620.00 123992.00 144286.00 59379.00 [+]
Remittances 5.10 11.00 15.60 2.20 USD Million [+]
External Debt 1188.20 848.80 1188.20 696.20 USD Million [+]
Capital Flows -878.00 -673.20 -59.50 -878.00 USD Million [+]
Foreign Direct Investment -491.30 -517.50 -228.00 -517.50 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. This page provides - Maldives Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Maldives Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-234.90 -234.70 -43.30 -258.60 2005 - 2018 USD Million Monthly

Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18