Maldives

Compare Maldives →

MV · MDV · BACI 462 · latest data 2024

Exports

$270M USD, nominal · 2024

= $270 M3.6% over 5 yrs (down)

Imports

$4.3B USD, nominal · 2024

= $4,254 M37.1% over 5 yrs (up)

Trade balancedeficit

−$4.0B USD, nominal · 2024

= −$3,984 M

Total trade

$4.5B USD, nominal · 2024

= $4,524 M33.7% over 5 yrs (up)

World position: #176 of 225 exporters · bottom half · #146 of 225 importers · bottom half · 2024
World export share since 1995: ±0.0 pp

Trade timeline

Maldives's exports grew from $90M in 1995 to $270M in 2024; the 2024 balance was −$4.0B.

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Exports, imports, trade balance and total trade of Maldives per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$90 M	$327 M	−$237 M	$416 M
1996	$88 M	$384 M	−$296 M	$472 M
1997	$109 M	$404 M	−$295 M	$513 M
1998	$119 M	$426 M	−$307 M	$545 M
1999	$119 M	$496 M	−$377 M	$614 M
2000	$184 M	$510 M	−$325 M	$694 M
2001	$203 M	$486 M	−$283 M	$689 M
2002	$227 M	$480 M	−$253 M	$707 M
2003	$189 M	$578 M	−$389 M	$767 M
2004	$231 M	$813 M	−$582 M	$1,045 M
2005	$223 M	$913 M	−$689 M	$1,136 M
2006	$220 M	$1,061 M	−$841 M	$1,281 M
2007	$171 M	$1,288 M	−$1,118 M	$1,459 M
2008	$195 M	$1,607 M	−$1,412 M	$1,802 M
2009	$112 M	$1,166 M	−$1,054 M	$1,278 M
2010	$144 M	$1,247 M	−$1,103 M	$1,390 M
2011	$201 M	$1,607 M	−$1,406 M	$1,807 M
2012	$242 M	$1,706 M	−$1,464 M	$1,948 M
2013	$230 M	$1,954 M	−$1,724 M	$2,184 M
2014	$185 M	$2,196 M	−$2,011 M	$2,381 M
2015	$237 M	$2,132 M	−$1,895 M	$2,369 M
2016	$282 M	$2,399 M	−$2,117 M	$2,682 M
2017	$404 M	$3,107 M	−$2,703 M	$3,511 M
2018	$289 M	$3,235 M	−$2,946 M	$3,524 M
2019	$280 M	$3,103 M	−$2,823 M	$3,384 M
2020	$231 M	$2,056 M	−$1,825 M	$2,287 M
2021	$273 M	$2,889 M	−$2,616 M	$3,162 M
2022	$785 M	$4,009 M	−$3,224 M	$4,795 M
2023	$361 M	$3,851 M	−$3,490 M	$4,211 M
2024	$270 M	$4,254 M	−$3,984 M	$4,524 M

30 rows

World share & rank

World export share moved from 0.0% in 1995 to 0.0% in 2024; export rank #166 → #176.

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World export and import share in percent, and world ranks, of Maldives per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.00%	0.01%	#166	#156
1996	0.00%	0.01%	#168	#158
1997	0.00%	0.01%	#166	#157
1998	0.00%	0.01%	#164	#156
1999	0.00%	0.01%	#161	#154
2000	0.00%	0.01%	#162	#161
2001	0.00%	0.01%	#164	#165
2002	0.00%	0.01%	#163	#168
2003	0.00%	0.01%	#165	#166
2004	0.00%	0.01%	#167	#162
2005	0.00%	0.01%	#170	#165
2006	0.00%	0.01%	#174	#169
2007	0.00%	0.01%	#184	#168
2008	0.00%	0.01%	#180	#169
2009	0.00%	0.01%	#187	#172
2010	0.00%	0.01%	#186	#173
2011	0.00%	0.01%	#186	#173
2012	0.00%	0.01%	#183	#171
2013	0.00%	0.01%	#184	#167
2014	0.00%	0.01%	#185	#164
2015	0.00%	0.01%	#184	#164
2016	0.00%	0.02%	#180	#157
2017	0.00%	0.02%	#173	#153
2018	0.00%	0.02%	#175	#152
2019	0.00%	0.02%	#177	#156
2020	0.00%	0.01%	#175	#160
2021	0.00%	0.01%	#178	#157
2022	0.00%	0.02%	#164	#154
2023	0.00%	0.02%	#175	#151
2024	0.00%	0.02%	#176	#146

30 rows

Trading partners

India was Maldives's top trading partner in 2024, at 22.7% of total trade; the top five partners covered 61.4%.

Year

Top partner share: 22.7%
Top-5 share: 61.4%
Partners: 192
Partner HHI (0–1): 0.105

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India $92M

Thailand $48M

United Kingdom $21M

Singapore $16M

Germany $16M

France $9M

United States $5M

Sri Lanka $4M

Japan $4M

Italy $2M

United Arab Emirates $1M

Malaysia $1M

Indonesia $0M

China $0M

Oman $0M

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Top partners of Maldives in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	India	$92 M	$936 M	$1,028 M	−$844 M
#2	China	$0 M	$716 M	$716 M	−$716 M
#3	United Arab Emirates	$1 M	$545 M	$546 M	−$544 M
#4	Oman	$0 M	$280 M	$280 M	−$280 M
#5	Malaysia	$1 M	$208 M	$209 M	−$208 M
#6	Sri Lanka	$4 M	$162 M	$166 M	−$158 M
#7	Singapore	$16 M	$149 M	$166 M	−$133 M
#8	Thailand	$48 M	$112 M	$161 M	−$64 M
#9	United States	$5 M	$144 M	$149 M	−$139 M
#10	France	$9 M	$100 M	$109 M	−$90 M
#11	Japan	$4 M	$73 M	$77 M	−$69 M
#12	Italy	$2 M	$68 M	$70 M	−$66 M
#13	Germany	$16 M	$54 M	$70 M	−$38 M
#14	Indonesia	$0 M	$65 M	$66 M	−$65 M
#15	United Kingdom	$21 M	$44 M	$65 M	−$22 M

15 rows

Products & sectors

Product composition of Maldives's trade in 2024.

Year

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Concentration & risk

Maldives's export partners held steady over 1995–2024 — HHI 0.171 → 0.168, a moderately concentrated export base across 86 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Maldives per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.171	0.159	44	56
1996	0.110	0.134	51	60
1997	0.144	0.128	48	62
1998	0.184	0.118	46	62
1999	0.271	0.114	53	61
2000	0.298	0.127	64	68
2001	0.278	0.109	80	67
2002	0.245	0.111	70	69
2003	0.177	0.104	72	77
2004	0.118	0.111	73	76
2005	0.120	0.109	70	85
2006	0.127	0.112	82	91
2007	0.144	0.106	86	91
2008	0.163	0.095	79	94
2009	0.104	0.103	71	90
2010	0.118	0.088	75	86
2011	0.108	0.107	80	97
2012	0.093	0.130	84	97
2013	0.144	0.111	90	100
2014	0.107	0.100	89	96
2015	0.081	0.086	84	101
2016	0.146	0.088	89	120
2017	0.219	0.091	89	118
2018	0.097	0.095	89	118
2019	0.107	0.092	92	125
2020	0.125	0.083	85	126
2021	0.130	0.080	94	137
2022	0.466	0.089	97	196
2023	0.165	0.094	93	127
2024	0.168	0.107	86	191

30 rows

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