Maldives Major Exports by Category and Value

Navigate Maldives's export landscape with category-by-category analysis and key market insights

Tuna - Canned

Main Exported Product

$92.4 m

Market Size

5.8 m Kg

Highest-Volume Exports

~-13.20%

Market Growth Rate

Maldives Export Market

AI Insight

Maldives' export sector in 2024 is characterized by a -13.2% growth contraction, primarily driven by its heavy reliance on seafood. Canned Tuna and Frozen Skipjack are the flagship products, representing the bulk of trade value. Thailand remains the dominant destination (39.5% share), followed by the UK and Germany. However, the emergence of Switzerland (27.28% growth) and Sri Lanka (17.1%) signals a shift toward market diversification. To counter the current downturn, Maldives should leverage these high-growth corridors while optimizing value-added tuna processing for its established European and Asian partners.

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Top 10 Exported Products

AI Insight

Canned Tuna and frozen Skipjack Tuna dominate Maldives' 2024 exports, totaling over $58 million. Canned Tuna leads in value ($30.5M), while Skipjack shows the highest volume at 22.2M units. The export portfolio is heavily seafood-centric, including Yellowfin Tuna and fish meal, reflecting a specialized maritime economy focused on both processed and raw fish products.

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Leading Destination Countries

Thailand

39.5%

United Kingdom

24.6%

Germany

11.66%

India

5.1%

France

4.41%

Vietnam

4.08%

Bangladesh

3.76%

Switzerland

2.66%

Japan

2.28%

Sri Lanka

1.95%

AI Insight

Thailand is the leading importer of Maldivian goods, capturing 39.5% of the export share. The United Kingdom (24.6%) and Germany (11.66%) also serve as critical hubs. Combined, these three nations account for over 75% of total export value, highlighting a strong trade reliance on specific Southeast Asian and European markets.

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Export Growth Performance

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-13.2%Annual Growth

AI Insight

The Maldives experienced a notable contraction in trade during 2024, reporting a -13.2% growth rate. This downturn indicates significant headwinds in global demand or domestic production capacities. Addressing this double-digit decline is crucial for maintaining economic stability and identifying new avenues for trade recovery.

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Emerging Supply Markets

AI Insight

Despite overall declines, Switzerland, Sri Lanka, and Vietnam show promising growth. Switzerland leads with a 27.28% increase, followed by Sri Lanka at 17.1% and Vietnam at 12.25%. These markets represent key emerging opportunities for Maldives to diversify its export destinations and mitigate risks associated with traditional trade partners.

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Maldives Export Requirements

Before Shipment

1. Import license for restricted items like alcohol and tobacco. 2. MFDA approval for food and medicine. 3. Phytosanitary certificates for plants. 4. Halal certificates for meat products. 5. Pre-registration for vehicles and communication devices.

Documentation Required

1. Commercial Invoice. 2. Bill of Lading or Airway Bill. 3. Packing List. 4. Certificate of Origin. 5. Customs Import Declaration form.

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Maldives free trade agreements and preferential access markets.

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South Asian Free Trade Area (SAFTA)
SAARC Preferential Trading Arrangement (SAPTA)

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