Maldives recorded a trade deficit of 224.20 USD Million in April of 2019. Balance of Trade in Maldives averaged -113.47 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 -220.00 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.

Maldives Balance of Trade
Forecast Data Chart
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Maldives Trade Last Previous Highest Lowest Unit
Balance of Trade -224.20 -209.70 -43.30 -258.60 USD Million [+]
Current Account -860.10 -876.40 -21.90 -1032.40 USD Million [+]
Current Account to GDP -25.00 -21.80 -3.20 -36.40 percent [+]
Exports 34.30 40.60 74.30 8.00 USD Million [+]
Imports 250.10 250.30 284.40 57.30 USD Million [+]
Tourist Arrivals 103022.00 163114.00 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 -878.00 -673.20 -59.50 -878.00 USD Million [+]
Foreign Direct Investment -491.30 -517.50 -228.00 -517.50 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-224.20 -209.70 -43.30 -258.60 2005 - 2019 USD Million Monthly

Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia -85.10 Aug/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19