The Maldives recorded a sharp rise in exports in July 2025 while import levels showed little movement, according to the latest Economic Update from the Maldives Monetary Authority (MMA).
Total exports rose by 27 percent compared with the same month last year, driven largely by higher earnings from domestic products, particularly frozen skipjack tuna. This increase offset a fall in re-exports, which declined due to weaker earnings from diesel and other re-export categories, despite growth in jet fuel re-exports.
On the other hand, total imports increased by less than 1 percent during July. The slight rise was mainly linked to higher spending on petroleum products and construction-related goods, which outweighed declines in imports of electrical and electronic machinery, equipment, and parts.
For the January to July 2025 period, exports grew by 14 percent year-on-year, while imports fell by 1 percent. This trend suggests an improved external position, with stronger performance in goods leaving the country and a slowdown in the pace of imports.
The shift also reflects the Maldives’ reliance on key fisheries exports, particularly tuna, as well as fluctuating demand for petroleum products and construction materials. While exports show positive momentum, the decline in re-exports highlights vulnerabilities tied to fuel-related trade.
With global commodity prices and shipping routes continuing to affect trade flows, the MMA’s data signals a period where export-led earnings are playing a greater role in supporting the economy.
