Maldives recorded a trade deficit of 120.30 USD Million in June of 2020.

Balance of Trade in Maldives averaged -119.01 USD Million from 2005 until 2020, 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. 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 October of 2020.

Balance of Trade in Maldives is expected to be -205.00 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 -220.00 in 12 months time. In the long-term, the Maldives Balance of Trade is projected to trend around -230.00 USD Million in 2021, according to our econometric models.

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Maldives Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-120.30 -88.20 -43.30 -258.60 2005 - 2020 USD Million Monthly

Maldives Trade Last Previous Highest Lowest Unit
Balance of Trade -120.30 -88.20 -43.30 -258.60 USD Million [+]
Current Account -1498.40 -1502.50 -21.90 -1502.50 USD Million [+]
Current Account to GDP -26.00 -28.30 -3.20 -36.40 percent [+]
Imports 1386.00 122.90 1386.00 57.30 USD Million [+]
Exports 43.50 11.10 74.30 8.00 USD Million [+]
Tourist Arrivals 8.00 0.00 173347.00 0.00 [+]
Remittances 593.50 531.70 593.50 259.30 USD Million [+]
Capital Flows -1217.60 -1835.10 -59.50 -1835.10 USD Million [+]
External Debt 1535.30 1401.90 1535.30 696.50 USD Million [+]
Foreign Direct Investment -891.10 -575.80 -228.00 -891.10 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.