The Maldives Customs Service has reported a substantial increase in import-export revenue for February 2025, reaching USD 23.5 million. This marks a notable 26.7% growth compared to the USD 18.6 million recorded in January, reflecting a robust trade performance despite fluctuations in import volumes.
According to the latest customs data, total imports into the Maldives in February amounted to USD 85.3 million. This figure represents a significant decrease from the USD 337 million recorded in January, indicating a sharp decline in goods brought into the country. The United Arab Emirates (UAE), India, China, Singapore, and Sri Lanka remained the Maldives’ top import partners, contributing a substantial portion of the inbound trade. Key imported goods included essential commodities such as food items, fuel, machinery, and electronics.
The breakdown of import values by country for February 2025 is as follows:
- United Arab Emirates (UAE): USD 87 million
- India: USD 48.5 million
- China: USD 39.3 million
- Singapore: USD 22.3 million
- Sri Lanka: USD 15.6 million
Meanwhile, exports from the Maldives saw a significant increase, standing at USD 14.5 million in February, up from USD 9.3 million in January. This marks a considerable improvement in outbound trade, with key export markets including Thailand, the United Kingdom, India, Vietnam, and Bangladesh. As in previous months, fish products remained the primary export, solidifying the Maldives’ position as a key player in the global seafood trade.
The leading export destinations for Maldivian goods in February 2025 were:
- Thailand: USD 8.7 million
- United Kingdom (UK): USD 2.1 million
- India: USD 648,508
- Vietnam: USD 518,806
- Bangladesh: USD 389,105
A closer look at the composition of exports highlights the importance of the fisheries sector in driving economic activity. Canned tuna exports generated USD 2.3 million, while frozen fish exports brought in USD 7.4 million, further reinforcing the country’s reliance on marine resources for foreign exchange earnings.
The surge in trade revenue, despite the drop in imports, underscores the resilience of the Maldives’ economy and its growing export potential. The upward trend in export figures, particularly in fish products, demonstrates the country’s expanding reach in international markets. With increasing demand for Maldivian seafood, coupled with strategic trade partnerships, the Maldives is poised for sustained economic progress in the coming months.
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