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27 September 2024
Kunal
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Key Indicators
Overview
Maldives Import Trade Overview
Introduction:
The Maldives' economy heavily depends on imports, particularly in sectors crucial for its tourism-driven market, such as food products, construction materials, and consumer goods. These imports are essential for supporting the country’s main industries and present significant opportunities for global exporters.
Economic Overview:
Tourism and fishing dominate the Maldives' economy, influencing its import needs significantly. Despite being a small island nation, its imports have a substantial impact on GDP, catering mainly to the hospitality industry and local consumers. The government is increasingly focused on diversifying the economy into sectors like renewable energy and technology, affecting future import patterns.
Political and Regulatory Environment:
The political landscape in the Maldives has stabilized in recent years, fostering a more favorable environment for trade and investment. Recent legislation aims to improve import efficiency and reduce costs, aligning with global trade practices to enhance economic stability and attract foreign partnerships.
Opportunities and Challenges for Exporters:
Opportunities exist in supplying goods that support the tourism sector, renewable energy technologies, and infrastructure development. Challenges for exporters include logistical constraints due to the country's geographical spread across many islands and ensuring compliance with local and international standards.
Top 10 Import Products:
- Processed foods (HS code: 1604) - For hotel and restaurant supply.
- Construction materials (HS code: 6810) - Infrastructure development.
- Petroleum products (HS code: 2710) - Energy needs.
- Electronics (HS code: 8517) - Consumer and business use.
- Furniture (HS code: 9403) - Hospitality sector demand.
- Motor vehicles (HS code: 8703) - Transportation needs.
- Medical supplies (HS code: 3004) - Health sector requirements.
- Apparel (HS code: 6204) - Retail and tourism.
- Marine products (HS code: 0307) - Fishing industry needs.
- Renewable energy equipment (HS code: 8502) - Solar and wind power.
Top Buyers:
SAS CAPITAL PRIVATE LIMITED ( C1489, NEW CHAIN C21438 REG SP 1691 2015, KANUHURA MALDIVES LEISURE OCEANS PVT LTD
Solution for Global Exporters:
Global exporters should leverage Volza’s online import data for the Maldives to efficiently identify and capitalize on market opportunities. Volza provides detailed insights that help understand demand trends, navigate market entry, and optimize product offerings for this unique island market. Utilize these tools to enhance strategic planning and maximize your export potential effectively.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 05, Aug, 2024
Source : Volza Import Data
Maldives
Import Data
Import Data
2,362,741 Bill of Ladings, 33,285 Buyers & 1,766 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Maldives Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
MAKEUP EYEBROW PENCIL 1.5GMS |   India | India | 30-04-2024 |
INSIGHT COMPACT FACE POWDER 9GMS | India | India | 30-04-2024 |
FAIR & LOVELY FACE CREAM 25GMS | India | India | 30-04-2024 |
LISTERIN MOUTHWASH LIQUID 250ML | India | India | 30-04-2024 |
MATERIAL CODE- ACM2042 ,C226I COPIER/PRI | 30-04-2024 | ||
BICALUTAMIDE - TABLETS - 50MG - CALUTIDE | 30-04-2024 |
Top 10 Importers
Maldives Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Maldives. To assist you in identifying the leading importers in Maldives, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Maldives are companies like STATE TRADING ORGANIZATION, ADK PHARMACEUTICAL CO PVT LTD , and AFCONS INFRASTRUCTURE LTD. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Maldives Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 41,899 | |
2 | 37,136 | |
3 | 33,786 | |
4 | 21,029 | |
5 | 15,001 | |
6 | 14,981 | |
7 | 14,804 | |
8 | 13,592 | |
9 | 9,953 | |
10 | 9,719 |
Data Source : Volza Import Data
Top 9 Import Products
Maldives Top 9 Import Products
As the Maldives import data reveals, the nation's top import products for 2024 were prominently characterized by:- Presenter Box: 71.89%
- Cabbage: 12.16%
- Fresh Mixed Vegetable: 8.76%
- Dried Banana: 3.08%
- Vegetable Corn: 1.44%
- Telmisartan: 1.36%
- Egg White: 1.00%
- Red Potato: 0.31%
- Green Zebra Tomato: 0.00%
Maldives Top 9 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | PRESENTER BOX | 2,280,631 |
2 | CABBAGE | 385,896 |
3 | Fresh Mixed Vegetable | 278,005 |
4 | Dried Banana | 97,842 |
5 | Vegetable Corn | 45,571 |
6 | Telmisartan | 43,164 |
7 | Egg White | 31,582 |
8 | Red Potato | 9,768 |
9 | Green Zebra Tomato | 1 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Maldives
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Maldives Top 1 Import Trading Partners
Maldives trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 1,799,860).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Maldives had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Maldives import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Maldives’s major imports from India include PRESENTER BOX, Vegetable Corn, Telmisartan, Red Potato, Dried Banana, Egg White, Fresh Mixed Vegetable, Green Zebra Tomato, CABBAGE, products. The provided chart below breaks down the values in percentile of Maldives’s top 1 import partners for 2024.
Maldives Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Maldives Import Data Sample record
Maldives import data covers all important shipping details that are essential for businesses to find importers in Maldives, analyze market trends and identify potential industries. Maldives trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Maldives import data sample with complete number of fields available in data.
Maldives Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 33042000
- Quantity:
- 12
- Quantity Unit:
- PCS
- Value FC:
- 5.4
- Value:
- HS Descirption:
- Beauty or make-up preparations and preparations for the care of the skin (other than medicaments), including sunscreen or suntan preparations; manicure or pedicure preparations
- Exporter:
- SAMAH ENTERPRISES
- Importer:
- HASSAN DIDI
Data Source : Volza Import Data
Maldives Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Maldives Top 10 Import Ports
Maldives's global import trade operates through over 10 ports. Male stands as the predominant port, handling 1,774,777 import shipments, which constitutes a 98.69% market share. Gan follows with an 0.57% share, accounting for 10,190 shipments, while Thoothibari LCS contributes a 0.43% market share with its 7,814 shipments. For detailed import trade statistics of each port in Maldives, refer to the provided links below. Collectively, these ports underscore the integrated nature of Maldives's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Maldives.
Maldives Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Maldives
- 2,362,741
- Date
- 30-04-2024
- Shipper Name
- HASSAN DIDI
- Consignee Name
- SAMAH ENTERPRISES
- Weight Unit
- PCS
- Quantity
- 12
- Shipment Origin
- India
- Port of origin
- Madras Sea