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Maldives trade in 2024

In 2024, the Maldives exported $270 million and imported $4.3 billion, a trade deficit of $4 billion. It was the world's 177th-largest exporter, with 0% of world exports. Its top export was airplanes and helicopters (29% of the total) and its main trading partner was India (22.7% of its trade).

Summary

Exports
$270million
Imports
$4.3billion
Trade balance
-$4billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Airplanes and helicopters (29%) and frozen fish (20.4%) together make up 49.4% of its exports.

  1. Airplanes and helicopters$78 million · 29%
    Main partner: India
  2. Frozen fish$55 million · 20.4%
    Main partner: Thailand
  3. Prepared fish and caviar$39 million · 14.5%
    Main partner: United Kingdom
  4. Fish fillets$23 million · 8.5%
    Main partner: France
  5. Refined petroleum$15 million · 5.7%
    Main partner: Singapore
  6. Natural gas and LPG$15 million · 5.5%
    Main partner: Mauritius
  7. Fresh fish$8 million · 3%
    Main partner: Taiwan
  8. Ferrous scrap$8 million · 2.8%
    Main partner: India
  9. Dried, salted and smoked fish$5 million · 1.7%
    Main partner: Sri Lanka
  10. Meat and fish meal$4 million · 1.5%
    Main partner: Bangladesh

What it imports

Refined petroleum (17.1%) and cargo and cruise ships (7.7%) together make up 24.7% of its imports.

  1. Refined petroleum$725 million · 17.1%
    Main partner: United Arab Emirates
  2. Cargo and cruise ships$326 million · 7.7%
    Main partner: India
  3. Airplanes and helicopters$186 million · 4.4%
    Main partner: India
  4. Cameras and broadcast equipment$74 million · 1.7%
    Main partner: China
  5. Granite and building stone$65 million · 1.5%
    Main partner: India
  6. Steel bars$63 million · 1.5%
    Main partner: India
  7. Aircraft parts$54 million · 1.3%
    Main partner: United States
  8. Poultry meat$51 million · 1.2%
    Main partner: Brazil
  9. Spark-ignition engines$51 million · 1.2%
    Main partner: Japan
  10. Cables and wire$49 million · 1.2%
    Main partner: China
By Harmonized System chapter (96)
ChapterExportsImports
03 · Fish and seafood$94 million$33 million
88 · Aircraft and spacecraft$79 million$239 million
16 · Prepared meat and fish$41 million$19 million
27 · Oil, gas and coal$30 million$766 million
72 · Iron and steel$8 million$102 million
23 · Animal feed and food waste$4 million$2 million
84 · Mechanical machinery$3 million$398 million
74 · Copper$3 million$6 million
76 · Aluminum$1 million$38 million
90 · Precision and medical instruments$976 thousand$64 million
89 · Ships and boats$953 thousand$381 million
85 · Electrical and electronic equipment$862 thousand$331 million
38 · Miscellaneous chemicals$728 thousand$17 million
48 · Paper and paperboard$523 thousand$34 million
87 · Vehicles$460 thousand$65 million
73 · Iron and steel products$376 thousand$98 million
39 · Plastics$308 thousand$110 million
61 · Knitted clothing$185 thousand$28 million
29 · Organic chemicals$166 thousand$9 million
64 · Footwear$165 thousand$19 million
15 · Fats and oils$103 thousand$25 million
62 · Woven clothing$90 thousand$16 million
08 · Fruit and nuts$72 thousand$82 million
47 · Wood pulp$65 thousand$16 thousand
71 · Gems and precious metals$50 thousand$3 million
22 · Beverages and spirits$38 thousand$58 million
63 · Home textiles and used clothing$34 thousand$25 million
06 · Live plants and flowers$32 thousand$4 million
70 · Glass$32 thousand$23 million
42 · Leather goods and bags$32 thousand$8 million
28 · Inorganic chemicals$27 thousand$2 million
82 · Tools and cutlery$25 thousand$11 million
12 · Oilseeds and grains$25 thousand$4 million
40 · Rubber$24 thousand$21 million
94 · Furniture and lighting$21 thousand$109 million
78 · Lead$16 thousand$100 thousand
49 · Books and printed matter$15 thousand$15 million
21 · Food preparations$14 thousand$48 million
97 · Art and antiques$13 thousand$1 million
44 · Wood$13 thousand$92 million
69 · Ceramics$12 thousand$25 million
30 · Pharmaceuticals$12 thousand$49 million
01 · Live animals$9 thousand$400 thousand
91 · Watches and clocks$9 thousand$3 million
96 · Other manufactured goods$7 thousand$8 million
52 · Cotton$6 thousand$3 million
86 · Railway equipment$6 thousand$2 million
59 · Coated and technical textiles$5 thousand$2 million
95 · Toys and sports gear$5 thousand$21 million
18 · Cocoa and chocolate$5 thousand$23 million
32 · Dyes, paints and tanning agents$4 thousand$36 million
83 · Miscellaneous metal goods$4 thousand$14 million
56 · Felt, nonwovens and rope$4 thousand$4 million
43 · Fur and fur goods$3 thousand$45 thousand
33 · Perfumes and cosmetics$3 thousand$46 million
09 · Coffee, tea and spices$3 thousand$24 million
57 · Carpets and rugs$2 thousand$5 million
20 · Preserved fruit and vegetables$2 thousand$39 million
92 · Musical instruments$2 thousand$460 thousand
34 · Soap and cleaning products$2 thousand$28 million
41 · Hides and leather$1 thousand$174 thousand
65 · Hats$1 thousand$2 million
66 · Umbrellas and canes$950$2 million
67 · Feathers and artificial flowers$511$548 thousand
55 · Synthetic staple fibers$476$2 million
58 · Special fabrics and lace$320$1 million
04 · Dairy, eggs and honey$305$106 million
68 · Stone, plaster and cement articles$296$27 million
25 · Salt, stone and cement$255$133 million
19 · Baked goods and cereal products$135$51 million
02 · Meat and offal$61$96 million
46 · Wicker and basketware$36$5 million
54 · Synthetic filaments$18$6 million
24 · Tobacco$16$23 million
35 · Glues, starches and enzymes$15$4 million
10 · Cereals$7$31 million
60 · Knitted fabric$7$587 thousand
07 · Vegetables$5$80 million
17 · Sugar and sweets$0$14 million
11 · Milling products and malt$0$14 million
93 · Weapons and ammunition$0$7 million
31 · Fertilizers$0$2 million
26 · Ores and slag$0$2 million
79 · Zinc$0$2 million
14 · Other plant products$0$860 thousand
53 · Other plant fibers$0$788 thousand
36 · Explosives and matches$0$777 thousand
80 · Tin$0$690 thousand
37 · Photographic goods$0$455 thousand
05 · Other animal products$0$378 thousand
50 · Silk$0$356 thousand
13 · Gums and plant extracts$0$220 thousand
51 · Wool$0$216 thousand
81 · Other base metals$0$121 thousand
75 · Nickel$0$71 thousand
45 · Cork$0$48 thousand

Trading partners

India is its main destination (34.1% of exports) and source (22% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
India9234.1%Air
Thailand48.217.8%Sea
United Kingdom21.58%Sea
Singapore16.36%Sea
Germany15.85.9%Sea
Mauritius15.45.7%Sea
France9.33.4%Sea
Switzerland6.42.4%Sea
United States4.91.8%Sea
Hong Kong4.31.6%Sea

Who it buys from

PartnerValue (USD millions)ShareMode
India93622%Sea
China71616.8%Sea
United Arab Emirates54512.8%Sea
Oman2806.6%Sea
Malaysia2084.9%Sea
Sri Lanka1623.8%Sea
Singapore1493.5%Sea
United States1443.4%Air
Thailand1122.6%Sea
France99.62.3%Air

Overview 1995–2024

In 2024, the Maldives accounted for 0% of world exports, compared with 0% in 1995.

Exports and imports

Exports tripled since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 0.3
  • Imports 4.3
  • Balance -4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$90 million$328 million-$238 million
1996$85 million$384 million-$298 million
1997$104 million$399 million-$295 million
1998$117 million$436 million-$319 million
1999$119 million$492 million-$373 million
2000$180 million$506 million-$325 million
2001$201 million$481 million-$280 million
2002$225 million$476 million-$252 million
2003$188 million$575 million-$388 million
2004$229 million$807 million-$578 million
2005$222 million$900 million-$677 million
2006$217 million$1.1 billion-$837 million
2007$168 million$1.3 billion-$1.1 billion
2008$193 million$1.6 billion-$1.4 billion
2009$112 million$1.2 billion-$1 billion
2010$143 million$1.2 billion-$1.1 billion
2011$200 million$1.6 billion-$1.4 billion
2012$232 million$1.7 billion-$1.5 billion
2013$228 million$1.9 billion-$1.7 billion
2014$184 million$2.2 billion-$2 billion
2015$239 million$2.1 billion-$1.9 billion
2016$280 million$2.4 billion-$2.1 billion
2017$424 million$3.1 billion-$2.7 billion
2018$353 million$3.2 billion-$2.9 billion
2019$277 million$3.1 billion-$2.8 billion
2020$230 million$2 billion-$1.8 billion
2021$272 million$2.8 billion-$2.5 billion
2022$781 million$4 billion-$3.2 billion
2023$357 million$3.9 billion-$3.5 billion
2024$270 million$4.3 billion-$4 billion

World rank

The Maldives fell from 170th to 177th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 170th in 1995
  • 177th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995170th
1996172nd
1997170th
1998168th
1999165th
2000165th
2001167th
2002166th
2003168th
2004171st
2005173rd
2006176th
2007186th
2008183rd
2009189th
2010188th
2011187th
2012184th
2013185th
2014186th
2015184th
2016180th
2017174th
2018173rd
2019179th
2020178th
2021179th
2022165th
2023176th
2024177th

What it sells

Fish and seafood became its top export group: from 24% to 35%

% of exports by Harmonized System chapter.

  • Other 3%
  • Copper 1%
  • Mechanical machinery 1%
  • Animal feed and food waste 1%
  • Iron and steel 3%
  • Oil, gas and coal 11%
  • Prepared meat and fish 15%
  • Aircraft and spacecraft 29%
  • Fish and seafood 35%

Source: CEPII BACI

Show the numbers
Chapter19952024
Fish and seafood24.3%34.8%
Aircraft and spacecraft0.02%29.3%
Prepared meat and fish38.7%15.3%
Oil, gas and coal0%11.1%
Iron and steel0.25%2.8%
Animal feed and food waste1.6%1.5%
Mechanical machinery0.23%1.2%
Copper0%1.2%
Other35%2.8%

Who it trades with

China went from 0.4% to 16% of the Maldives' trade

% of total trade (exports + imports) with each partner.

  • India 23%
  • China 16%
  • United Arab Emirates 12%
  • Oman 6%
  • Malaysia 5%

Source: CEPII BACI

Show the numbers
Partner19952024
India9.1%22.7%
China0.38%15.8%
United Arab Emirates4.8%12.1%
Oman0.02%6.2%
Malaysia3%4.6%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

No hubs above the globe threshold.

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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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