Trade balance — all countries

Trade balance — Maldives

Trade balance in the Maldives in 2024 — -3,214,632 US$. Ranked 71 in the world out of 171. Since 2014, the indicator has fallen by 100.5%.

2024 -3.21M US$ +96.15% vs 2023
World rank 71of 171
Period maximum 614M US$2014
Period minimum -664M US$2020

Trend over time

2014–2024 · US$

Trade balance — Maldives, 2014–2024-1B-500M0500M1B201420152016201720182019202020212022202320242014: 614,093,501 US$2015: 377,233,238 US$2016: -50,844,258 US$2017: -182,697,340 US$2018: -518,521,273 US$2019: -349,199,879 US$2020: -663,795,272 US$2021: 503,746,044 US$2022: 191,384,465 US$2023: -83,586,106 US$2024: -3,214,632 US$
Change over the period: −617M (−100.52%)

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Maldives

Maldives -3.21M US$
World computed 863B US$
South Asia computed -142B US$
Southern Asia computed -166B US$
Upper-middle-income countries computed 633B US$
Trade balance — Maldives, by year Maldives All countries CSV XLSX
Year US$ Change Change, %
2024 -3.21M +80.37M +96.15%
2023 -83.59M −275M −143.67%
2022 191M −312M −62.01%
2021 504M +1.17B +175.89%
2020 -664M −315M −90.09%
2019 -349M +169M +32.65%
2018 -519M −336M −183.81%
2017 -183M −132M −259.33%
2016 -50.84M −428M −113.48%
2015 377M −237M −38.57%
2014 614M

About the indicator

The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.

Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.

Source: World Development Indicators (World Bank), license CC BY 4.0.