Maldives recorded a trade deficit of 222.70 USD Million in September of 2019. Balance of Trade in Maldives averaged -115.99 USD Million from 2005 until 2019, 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 -221.00 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 -221.00 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.

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Maldives Balance of Trade
Maldives Trade Last Previous Highest Lowest Unit
Balance of Trade -222.70 -191.10 -43.30 -258.60 USD Million [+]
Current Account -1338.10 -1058.90 -21.90 -1338.10 USD Million [+]
Current Account to GDP -25.00 -21.80 -3.20 -36.40 percent [+]
Exports 22.30 18.00 74.30 8.00 USD Million [+]
Imports 245.00 209.10 284.40 57.30 USD Million [+]
Tourist Arrivals 117619.00 139338.00 168583.00 59379.00 [+]
Remittances 5.10 11.00 15.60 2.20 USD Million [+]
External Debt 1389.50 1190.30 1389.50 696.20 USD Million [+]
Capital Flows -1418.20 -986.00 -59.50 -1418.20 USD Million [+]
Foreign Direct Investment -491.30 -517.50 -228.00 -517.50 USD Million [+]


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 November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-222.70 -191.10 -43.30 -258.60 2005 - 2019 USD Million Monthly




Country Last Previous
Argentina 1744.00 Sep/19 1168
Australia 7180.00 Sep/19 6617
Brazil 1206.00 Oct/19 2246
Canada -978.00 Sep/19 -1235
China 428.09 Oct/19 392
Euro Area 18653.90 Sep/19 14277
France -5551.00 Sep/19 -5436
Germany 21138.00 Sep/19 16448
India -11010.00 Oct/19 -10860
Indonesia 161.30 Oct/19 -164
Italy 2779.30 Sep/19 2598
Japan 17.27 Oct/19 -125
Mexico -116.00 Sep/19 775
Netherlands 5310.00 Sep/19 3807
Russia 14150.00 Sep/19 12010
Saudi Arabia 127500.00 Jun/19 131654
Singapore 3783.84 Oct/19 3832
South Africa 5164.38 Sep/19 4542
South Korea 5393.00 Oct/19 5982
Spain -3984900.00 Aug/19 -2486462
Switzerland 2389.21 Oct/19 3046
Turkey -2055.51 Sep/19 -2518
United Kingdom -3360.00 Sep/19 -1760
United States -52450.00 Sep/19 -55036


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