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Maldives

Maldives ranked No. 177 in total trade value through February with a total of $9.33 million. Exports totaled $3.92 million and Imports totaled $5.41 million, a deficit of $1.48 million.

U.S. trade with Maldives rose to $9.33 million through February

Maldives’s trade with the United States rose to $9.33 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 18.5 percent below its total trade during the same time period last year. Maldives’s exports decreased 38.48 percent while imports rose 6.62 percent. The U.S. deficit with Maldives was $1.48 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Chicago O’Hare International Airport; No. 3 Port of Newark; No. 4 Los Angeles International Airport; and No. 5 San Francisco International Airport, Calif.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port Huron Blue Water Bridge, Mich. No. 3 San Francisco International Airport, Calif. No. 4 Los Angeles International Airport and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 55.14 percent of Maldives’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 6.73 percent to $1.53 million.
    Exports fell 36.24 percent to $59,731. Imports rose 9.72 percent to $1.47 million.
  • Trade with No. 2 Chicago O’Hare International Airport rose 9.53 percent to $1.1 million.
    Exports rose 19.2 percent to $796,196. Imports fell 9.44 percent to $308,549.
  • Trade with No. 3 Port of Newark rose 24.22 percent to $849,482.
    Exports fell 52.27 percent to $94,771. Imports rose 55.52 percent to $754,711.
  • Trade with No. 4 Los Angeles International Airport fell 16.26 percent to $846,931.
    Exports fell 51.14 percent to $343,724. Imports rose 63.44 percent to $503,207.
  • Trade with No. 5 San Francisco International Airport, Calif. fell 21.82 percent to $809,366.
    Exports fell 42.7 percent to $57,549. Imports fell 19.57 percent to $751,817.

Maldives ranked No. 177 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 176.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Maldives by value through February were the categories of Civilian aircraft, parts; Medical instruments for surgeons, dentists, vets; Computers; Cell phones, related equipment; and Pumps for dispensing liquids, respectively. They accounted for 45.52 percent of total exports to Maldives.

The value of the top five categories of U.S. imports from Maldives –– Fish, fresh or chilled; Fish fillets, chilled or frozen; Caviar, caviar substitutes, other prepared fish; Value added to a returned import; and Salvage –– accounted for 98.65 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 58.91 percent compared to last year to $718,859.
  • Medical instruments for surgeons, dentists, vets rose 1114.63 percent compared to last year to $428,534.
  • Computers fell 9.46 percent compared to last year to $346,846.
  • Cell phones, related equipment fell 58.56 percent compared to last year to $152,310.
  • Pumps for dispensing liquids rose 23.41 percent compared to last year to $139,356.

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

  • Fish, fresh or chilled rose 11.12 percent compared to last year to $3.51 million.
  • Fish fillets, chilled or frozen rose 50.75 percent compared to last year to $834,908.
  • Caviar, caviar substitutes, other prepared fish fell 28.87 percent compared to last year to $763,126.
  • Value added to a returned import rose 31.41 percent compared to last year to $167,969.
  • Salvage fell 16.35 percent compared to last year to $56,397.

In the latest annual figures available, Maldives recorded $56.33 million in trade with the United States. At year’s end, its were New York City; Los Angeles; San Francisco; Chicago; and Cleveland. Total U.S. exports to Maldives were $ 34.28 million and imports from Maldives were $22.05 million. The U.S. surplus with Maldives was $12.23 million.