The Maldives Customs Service has reported USD 23.5 million in import-export revenue for February 2025, marking a 26.7% increase compared to USD 18.6 million recorded in January.
Despite the rise in revenue, the Maldives saw a significant drop in imports, with USD 85.3 million worth of goods brought into the country in February, compared to USD 337 million in January.
The top five import sources for February were:
- 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
Key imports included food items, fuel, machinery, and electronics, reflecting the Maldives’ heavy reliance on essential commodities from its trade partners.
Exports from the Maldives saw a substantial increase, reaching USD 14.5 million in February, up from USD 9.3 million in January. The rise was largely driven by the fisheries sector, with canned tuna and frozen fish continuing to dominate exports.
The leading export destinations in February were:
- Thailand – USD 8.7 million
- United Kingdom – USD 2.1 million
- India – USD 648,508
- Vietnam – USD 518,806
- Bangladesh – USD 389,105
Among the top exports, canned tuna sales generated USD 2.3 million, while frozen fish exports brought in USD 7.4 million, reaffirming the fishing industry’s vital role in the Maldivian economy.
The Maldives’ trade figures for February indicate positive revenue growth despite lower imports, with fisheries exports contributing significantly to foreign earnings. As global demand for Maldivian seafood remains strong, the country is expected to continue leveraging its fisheries sector to boost trade revenue and economic stability.
