Trade Growth Leans on Re-exports as Imports Rise Sharply
Trade growth driven by import demand and jet fuel re-exports, not domestic production.
Section
Trade
July Transshipment Volumes Reach Record High at Velana Airport
Velana Airport recorded its highest monthly transshipment volume in July, exceeding 2,000 tonnes of cargo.
Maldives and Türkiye Activate Preferential Trade Agreement
Maldives and Türkiye activate preferential trade agreement, boosting fisheries exports and diversifying import sources today.
Velana Airport Handles First Sea-to-Air Cargo Shipment From Cambodia
Velana Airport handles first Sea-to-Air cargo from Cambodia, connecting Southeast Asia to Europe.
Velana International Airport Records Growth in Cargo and Freighter Operations
Velana International Airport saw cargo and freighter growth as MACL expands regional transshipment operations.
MSS Becomes Evergreen Line’s Representative in the Maldives
Evergreen Line enters Maldives market with MSS as local representative, expanding cargo access.
Sea-to-Air Cargo Shipments Double in June
Maldives sea-to-air cargo exports doubled in June to 335 tonnes across seven countries.
India Extends Fuel Export Duty Waiver to Maldives
India’s decision to exempt fuel exports to the Maldives from key duties could lower the…
Maldives Eyes Wider Indian Market Through FTA, Economic Minister Says
The proposed Free Trade Agreement between the Maldives and India is moving closer to implementation,…
Maldives Expands Fish Product Exports to Sri Lankan Market
Maldives’ fisheries export ambitions gained a wider regional platform this week as Maldivian fish products…
State Jobs Anchor Maldivian Employment as Private Sector Relies on Foreign Labour, Report Finds
Malé’s labour market presents a paradox at the centre of the capital’s economy: employment appears…
FAO Warns Hormuz Crisis Could Push Up Global Food and Fertiliser Costs
A major disruption to shipping through the Strait of Hormuz is raising concerns over global…
MPL Clears Over 39,000 Freight Tonnes in Weekly Cargo Activity
Maldives Ports Limited cleared more than 39,000 freight tonnes of cargo during the week from…
Over 2,500 Maldives-Bound Containers Stranded in Sri Lanka Expected Next Week
More than 2,500 containers of goods bound for the Maldives are expected to be brought…
Talks with China Focus on Expanding Fish Exports and Leveraging Free Trade Agreement
Efforts to deepen trade ties between the Maldives and China are increasingly centred on using…
Maldives, India Move to Formalise Private Sector Engagement Through New Business Council
Efforts to deepen trade and investment ties between the Maldives and India are set to…
Combining Trade and Transport to Ease Logistics, Says Permanent Secretary
A shift in government structure that brings trade and transport under a single ministry is…
Maldives Records Surge in Imports Amid Supply Recovery
Import volumes to the Maldives increased in the first quarter of the year, reflecting stronger…
Bunkering Service Generates MVR 730 Million Since Launch
Revenue from the Maldives’ international bunkering service has reached MVR 730 million since its introduction,…
India Approves Record Quotas for Essential Commodity Exports to Maldives
India has approved expanded export quotas for a range of essential commodities to the Maldives…
Maldives Eyes East Asia Trade Shift as Conflict Disrupts Routes
The Maldivian government is moving to reduce potential economic pressures arising from the ongoing conflict…
IEA to Release Over 400 Million Barrels from Emergency Oil Reserves Amid Mideast War
More than 400 million barrels of oil from emergency reserves coordinated by the International Energy…
Reserve Release Fails to Calm Oil Markets as Middle East War Escalates
Oil prices climbed above USD 100 per barrel again this week despite a coordinated decision…
MPL Updates Vessel Berthing Guidelines at Malé North Harbour
Maldives Ports Limited (MPL) has revised the guidelines governing how vessels are allocated space at…