Maldivian export revenue surged in the first six months of 2025, marking a 12.2 percent increase compared to the same period last year, according to newly released figures from the Maldives Monetary Authority (MMA). The boost in earnings reflects robust growth in domestic exports, particularly within the fisheries sector.
Between January and June 2025, total exports reached USD 235.8 million, up from USD 210.1 million during the same timeframe in 2024. Domestic product exports — largely comprising fish and seafood — led the upswing, rising by a notable 39 percent year-on-year. The sector generated USD 79.4 million in revenue, compared to USD 57.1 million last year.
At the core of this growth was the country’s fishing industry. Fish and fish products alone contributed USD 74.5 million, marking a 43.4 percent increase from USD 52 million in the first half of 2024.
Thailand retained its position as the Maldives’ largest export destination, importing USD 45.3 million worth of Maldivian fish and marine products — a dramatic 81.4 percent rise from last year. The United Kingdom followed as the second-highest importer, with USD 13.9 million in trade, reflecting a 33.2 percent year-on-year increase.
In addition to fresh and frozen fish, the Maldives exported canned tuna, live fish, and other marine-based goods. The country’s strategic focus on value-added seafood continues to reinforce its standing in international markets.
Meanwhile, imports saw a modest decline during the same period. Total import value dipped by 1.65 percent to USD 1.72 billion, down from USD 1.75 billion recorded in the first half of 2024. Food items topped the list of imports at USD 390.1 million, followed by petroleum products at USD 329.8 million.
The latest data signals a healthy shift in the Maldives’ trade balance. Strengthening domestic exports — especially from a sustainably managed fisheries sector — are helping to buffer against declines in import volumes, improving the overall trade position and highlighting the economic value of the country’s natural resources.
