Maldives Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Maldives's trade balance was $209.1M in 2025, ranked 72nd globally. This represents a 6,603.3% increase from 2024. Data from World Bank, covering 2014–2025.
Overview
Maldives's trade balance stood at $209.1M in 2025, a rise of +$212.3M from 2024. Based on recent trends, this figure is projected to reach $209.1M by 2025. Maldives ranked 72nd globally.
Maldives’ trade balance has swung dramatically over the twelve‑year series, falling from an all‑time peak of 614,093,501.12 in 2014 to a historic trough of ‑663,795,271.78 in 2020 before recovering to a modest surplus of 209,055,638.73 in 2025, placing the nation 72nd globally. The sharp reversal in 2020 reflected a collapse in tourism‑related exports and a surge in import demand during the pandemic, while the subsequent rebound aligns with the revival of visitor arrivals and a modest diversification of export products. Compared with peers of similar rank, Estonia recorded a surplus of 423,126,490.86, suggesting that Maldives still lags behind in achieving a consistently positive balance. The recent positive swing indicates improving external demand, yet sustaining the surplus will depend on strengthening domestic production capacity and reducing reliance on imported goods, which could further shift the balance upward in the coming years.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $355.8M | - | - |
| 2026* trend | $282.4M | - | - |
| 2025* trend | $209.1M | - | - |
| 2025 | $209.1M | +$212.3M | #72 |
| 2024 | $-3.2M | +$80.4M | #88 |
| 2023 | $-83.6M | −$275.0M | #96 |
| 2022 | $191.4M | −$312.4M | #119 |
| 2021 | $503.7M | +$1.2B | #113 |
| 2020 | $-663.8M | −$314.6M | #77 |
| 2019 | $-349.2M | +$169.3M | #82 |
| 2018 | $-518.5M | −$335.8M | #87 |
| 2017 | $-182.7M | −$131.9M | #89 |
| 2016 | $-50.8M | −$428.1M | #110 |
| 2015 | $377.2M | −$236.9M | #128 |
| 2014 | $614.1M | – | #124 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's trade balance was $209.1M in 2025. Ranked 72nd globally. This represents a 6,603.3% increase from the previous year.
Maldives's trade balance peaked at $614.1M in 2014.
The lowest trade balance in Maldives was $-663.8M in 2020.
Maldives ranks 72nd globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Maldives's trade balance is projected to reach $209.1M by 2025 based on trend extrapolation.
Maldives's trade balance was approximately 209.06 million ($209.1M) in 2025.
The trade balance of Maldives in 2025 was $209.1M. This ranks 72nd in the world.
Cite this page
@misc{historysaid_maldives_trade-balance,
title = {Maldives Trade Balance},
url = {https://historysaid.com/maldives/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}