Maldives recorded a trade deficit of 309.50 USD Million in June of 2022. source: Maldives Monetary Authority

Balance of Trade in Maldives averaged -126.74 USD Million from 2005 until 2022, reaching an all time high of -43.30 USD Million in April of 2005 and a record low of -309.50 USD Million in June of 2022. 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 August of 2022.

Balance of Trade in Maldives is expected to be -220.00 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 2023, according to our econometric models.

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Maldives Balance of Trade

Related Last Previous Unit Reference
Balance of Trade -309.50 -261.00 USD Million Jun 2022
Current Account to GDP -9.00 -29.20 percent of GDP Dec 2021
Current Account -457.60 -1099.00 USD Million Dec 2021
Exports 31.10 27.60 USD Million Jun 2022
Imports 340.60 288.60 USD Million Jun 2022
Tourist Arrivals 125522.00 145280.00 May 2022
Foreign Direct Investment -664.40 -443.50 USD Million Dec 2022
External Debt 2448.60 1976.10 USD Million Dec 2021
Remittances 495.70 395.90 USD Million Dec 2021
Capital Flows -1427.60 -1940.80 USD Million Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
-309.50 -261.00 -43.30 -309.50 2005 - 2022 USD Million Monthly