Trade Trend

In 2023, Maldives's total export value is 377.56Million USD, total import value is 2.74Billion USD, Deficit is -2.36Billion USD, and foreign trade dependency is 0.473. In 2023，Maldives's top export products are Fish; frozen, excluding fish fillets and other fish meat of heading 0304(131.11Million USD), Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(57.52Million USD), Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs(41.45Million USD), top export destinations are Thailand(120.76Million USD), India(89.06Million USD), Singapore(36.23Million USD). In 2023, Maldives's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(303.64Million USD), Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(237.26Million USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(65.21Million USD), top import origins are China(758.30Million USD), India(573.64Million USD), Singapore(255.26Million USD).

Comparing to 2022, Maldives's total export value increased 219.19Million USD(138.40%) in 2023, this could result from its export increases of products such as Fish; frozen, excluding fish fillets and other fish meat of heading 0304(40.71Million USD or 45.04%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(39.85Million USD or 17.48Thousands%), Fish fillets and other fish meat (whether or not minced); fresh, chilled or frozen(20.69Million USD or 147.91%) and export increases to countries/economics such as India(82.62Million USD or 1.28Thousands%), Thailand(42.91Million USD or 55.12%), Singapore(36.19Million USD or 82.24Thousands%). Comparing to 2022, Maldives's total import value decreased -773.46Million USD(-22.01%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-510.68Million USD or -62.71%), Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(-46.73Million USD or -67.13%), Pebbles, gravel, crushed stone for concrete aggregates for road or railway ballast, shingle or flint; macadam of slag, dross etc tarred granules, chippings, powder of stones of heading no. 2515 and 2516(-37.15Million USD or -92.82%), and its import decreases from countries/economies such as United States(-67.13Million USD or -49.42%), Malaysia(-57.22Million USD or -24.50%), France(-38.66Million USD or -43.65%).