Maldives

Maldives ranked No. 185 in total trade value through June with a total of $19.28 million. Exports totaled $11.59 million and Imports totaled $7.68 million, a surplus of $3.91 million.

U.S. trade with Maldives rose to $19.28 million through June

Maldives’s trade with the United States rose to $19.28 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 38.28 percent below its total trade during the same time period last year. U.S. exports to Maldives decreased 26.53 percent while U.S. imports from Maldives fell 50.29 percent. The U.S. surplus with Maldives was $3.91 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Chicago O’Hare International Airport; No. 2 Port of Newark; No. 3 Port of Los Angeles; No. 4 John F. Kennedy International Airport; and No. 5 Port of New York. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 San Francisco International Airport, Calif.; No. 3 Los Angeles International Airport; No. 4 Port of Newark and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 46.17 percent of Maldives’s U.S. trade.

Among those top five:

  • Trade with No. 1 Chicago O’Hare International Airport rose 9.94 percent to $2.39 million.
    Exports fell 19.77 percent to $1.3 million. Imports rose 98.74 percent to $1.08 million.
  • Trade with No. 2 Port of Newark fell 16.16 percent to $1.92 million.
    Exports fell 49.14 percent to $298,603. Imports fell 4.82 percent to $1.62 million.
  • Trade with No. 3 Port of Los Angeles rose 24.66 percent to $1.71 million.
    Exports rose 21.62 percent to $853,448. Imports rose 27.83 percent to $858,771.
  • Trade with No. 4 John F. Kennedy International Airport fell 57.74 percent to $1.58 million.
    Exports fell 33.5 percent to $242,704. Imports fell 60.37 percent to $1.33 million.
  • Trade with No. 5 Port of New York rose 119.41 percent to $1.3 million.
    Exports rose 119.41 percent to $1.3 million. There were no imports.

Maldives ranked No. 185 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 180.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Maldives by value through June were the categories of Civilian aircraft, parts; Computers; Cell phones, related equipment; Equipment, parts for exercising; and Medical instruments, respectively. They accounted for 41.18 percent of total exports to Maldives.

The value of the top five categories of U.S. imports from Maldives –– Fish, fresh or chilled; Caviar, caviar substitutes, other prepared fish; Fish fillets, chilled or frozen; Estimates of low-value imports; and Returned exports, without change –– accounted for 99.15 percent of all inbound shipments.

Looking more closely at U.S. exports to Maldives:

  • Civilian aircraft, parts fell 0.8 percent compared to last year to $2.57 million.
  • Computers fell 36.69 percent compared to last year to $695,860.
  • Cell phones, related equipment rose 1.78 percent compared to last year to $621,149.
  • Equipment, parts for exercising rose 103.17 percent compared to last year to $508,487.
  • Medical instruments fell 22.21 percent compared to last year to $378,349.

Looking more closely at U.S. imports from Maldives:

  • Fish, fresh or chilled fell 65.8 percent compared to last year to $2.92 million.
  • Caviar, caviar substitutes, other prepared fish fell 26.94 percent compared to last year to $2.91 million.
  • Fish fillets, chilled or frozen fell 6.89 percent compared to last year to $1.6 million.
  • Estimates of low-value imports fell 45.23 percent compared to last year to $99,790.
  • Returned exports, without change fell 86.35 percent compared to last year to $91,361.

In the latest annual figures available, Maldives recorded $64.67 million in trade with the United States. Total U.S. exports to Maldives were $ 39.41 million and imports from Maldives were $25.26 million. The U.S. surplus with Maldives was $14.15 million.