CM Data
CM Data›External Trade
External sector · Goods · Monthly

External Trade

Track the value of goods imported and exported by the Maldives, the resulting trade deficit and the share of imports covered by export earnings.

Latest observation · June 2026 · Source series: Maldives Monetary Authority
Trade deficit USD 356.6M
▲ 9.3% from May · 55.0% year on year
Imports USD 387.3M ▲ 8.4% month on month
Exports USD 30.7M ▼ 0.6% month on month
Export coverage 7.9% -0.7 percentage points from May
YTD trade deficit USD 1.95B Jan–Jun 2026 · ▲ 31.3% year on year
Historical series

Monthly trade deficit

US dollars · monthly flow

Trade deficit
Imports, exports and the deficit are monthly flows. Coverage is exports divided by imports. The series is not seasonally adjusted.

What the latest data shows

Goods imports rose to USD 387.3 million in June 2026, an increase of 8.4% from May and 51.5% from June 2025. June recorded the second-highest monthly import value in the supplied series, behind April 2026.

Exports were USD 30.7 million. This was 0.6% lower than in May, but 20.6% higher than a year earlier. As imports increased while exports edged lower, the monthly trade deficit widened to USD 356.6 million, the second-highest in the series.

Exports covered 7.9% of the value of imports in June, down 0.7 percentage points from May. Across January to June, imports reached USD 2.21 billion and exports reached USD 265.5 million, producing a cumulative deficit of USD 1.95 billion.

Year-to-date comparison

Imports YTD USD 2.21B Up 28.8% year on year
2025
USD 1.72B
2026
USD 2.21B
Exports YTD USD 265.5M Up 12.6% year on year
2025
USD 235.9M
2026
USD 265.5M
Trade deficit YTD USD 1.95B Wider by 31.3%
2025
USD 1.48B
2026
USD 1.95B
Export coverage YTD 12.0% -1.7 percentage points year on year
2025
13.7%
2026
12.0%

Historical context

Highest monthly imports USD 426.7M April 2026
Highest monthly exports USD 74.1M March 2008
Largest monthly deficit USD 372.9M April 2026
2025 export coverage 12.3% USD 443.8M exports against USD 3.62B imports
Annual view

Goods trade deficit

US dollars · calendar years

The current year covers only the months available in the data and is shown in a lighter colour.

Recent monthly data

Recent monthly data

Month Imports Import YoY Exports Export YoY Trade deficit Coverage
Jun 2026 USD 387.3M +51.5% USD 30.7M +20.6% USD 356.6M 7.9%
May 2026 USD 357.3M +25.9% USD 30.9M +20.2% USD 326.4M 8.6%
Apr 2026 USD 426.7M +42.0% USD 53.8M +26.3% USD 372.9M 12.6%
Mar 2026 USD 372.7M +30.9% USD 56.2M +32.4% USD 316.5M 15.1%
Feb 2026 USD 313.0M +10.0% USD 43.5M -0.8% USD 269.5M 13.9%
Jan 2026 USD 358.4M +15.4% USD 50.3M -9.8% USD 308.2M 14.0%
Dec 2025 USD 346.0M -7.9% USD 50.2M +27.5% USD 295.7M 14.5%
Nov 2025 USD 336.5M +29.4% USD 37.6M +9.5% USD 298.9M 11.2%
Oct 2025 USD 313.0M -5.3% USD 30.5M +22.3% USD 282.5M 9.8%
Sep 2025 USD 296.3M -10.3% USD 28.1M +32.3% USD 268.2M 9.5%
Aug 2025 USD 316.6M +6.9% USD 29.0M +7.7% USD 287.5M 9.2%
Jul 2025 USD 290.4M +0.1% USD 32.4M +26.5% USD 258.0M 11.2%
Jun 2025 USD 255.6M -2.3% USD 25.5M +23.5% USD 230.1M 10.0%
May 2025 USD 283.7M -1.6% USD 25.7M +2.8% USD 258.0M 9.1%