Applied tariffs
Simple average MFN applied
2024
*
11.7 %
Trade-weighted MFN average
2024
*
11.5 %
Share of MFN duty-free
2024
43.5 %
Bound tariffs
Simple average bound
36.9 %
Binding coverage
94.5 %
Share of bound duty-free
0.0 %
Imports
Total imports: 3,634.3 million USD in 2024
Imports by partner
China
18.7 %
679.0
million USD
United Arab Emirates
15.0 %
545.1
million USD
India
13.8 %
501.6
million USD
European Union
10.2 %
369.1
million USD
Oman
7.7 %
280.2
million USD
Malaysia
5.7 %
207.7
million USD
United States of America
3.9 %
140.3
million USD
Sri Lanka
3.7 %
134.3
million USD
Singapore
3.6 %
131.9
million USD
Thailand
2.9 %
104.5
million USD
Rest of the World
14.9 %
540.6
million USD
Imports by products HS 2022
271020
Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations n.e.s. or included, containing by weight 70Â % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, containing biodiesel (excl. waste oils)
17.2 %
625.5
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
3.1 %
113.9
million USD
721420
Bars and rods, of iron or non-alloy steel, with indentations, ribs, groves or other deformations produced during the rolling process
1.5 %
53.6
million USD
880240
Aeroplanes and other powered aircraft of an of an unladen weight > 15.000 kg (excl. helicopters, dirigibles and unmanned of heading 8806)
1.4 %
50.9
million USD
251612
Granite, merely cut, by sawing or otherwise, into blocks or slabs of a square or rectangular shape (excl. already with the characteristics of setts, curbstones and flagstones)
1.4 %
50.6
million USD
880730
Parts of aeroplanes, helicopters or unmanned aircraft, n.e.s. (excl. those for gliders)
1.2 %
44.1
million USD
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale (excl. containing antibiotics, hormones or steroids used as hormones, alkaloids, provitamins, vitamins, their derivatives, antimalarial active principles and blinded clinical trial kits)
1.1 %
40.6
million USD
854449
Electric conductors, for a voltage <= 1.000 V, insulated, not fitted with connectors, n.e.s.
1.1 %
40.0
million USD
851762
Machines for the reception, conversion and transmission or regeneration of voice, images or other data, incl. switching and routing apparatus (excl. telephone sets, telephones for cellular networks or for other wireless networks)
1.0 %
36.4
million USD
851713
Smartphones for wireless networks
0.9 %
34.3
million USD
Rest of the products
70.0 %
2,544.7
million USD
Exports
Total exports: 92.4 million USD in 2024
Exports by destination
Thailand
35.0 %
32.3
million USD
United Kingdom
21.8 %
20.1
million USD
European Union
16.9 %
15.7
million USD
India
4.5 %
4.2
million USD
Viet Nam
3.6 %
3.3
million USD
Bangladesh
3.3 %
3.1
million USD
Switzerland
2.4 %
2.2
million USD
Japan
2.0 %
1.9
million USD
Sri Lanka
1.7 %
1.6
million USD
Costa Rica
1.1 %
1.0
million USD
Rest of the World
7.6 %
7.0
million USD
Exports by products HS 2022
160414
Prepared or preserved tunas, skipjack and Atlantic bonito, whole or in pieces (excl. minced)
33.1 %
30.6
million USD
030343
Frozen skipjack or stripe-bellied bonito "Euthynnus -Katsuwonus- pelamis"
30.0 %
27.7
million USD
030342
Frozen yellowfin tunas "Thunnus albacares"
11.5 %
10.6
million USD
030449
Fresh or chilled fillets of fish, n.e.s.
6.8 %
6.3
million USD
230120
Flours, meals and pellets of fish or crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption
4.1 %
3.8
million USD
030559
Fish, dried, even salted but not smoked, n.e.s. (excl. fillets and offal)
2.8 %
2.6
million USD
720429
Waste and scrap of alloy steel (excl. stainless steel, and waste and scrap, radioactive, or waste and scrap from batteries and electric accumulators)
2.1 %
1.9
million USD
030289
Fresh or chilled fish, n.e.s.
1.6 %
1.4
million USD
030232
Fresh or chilled yellowfin tunas "Thunnus albacares"
1.5 %
1.4
million USD
030487
Frozen fillets of tuna "of the genus Thunnus", skipjack or stripe-bellied bonito "Euthynnus [Katsuwonus] pelamis"
1.4 %
1.3
million USD
Rest of the products
5.1 %
4.8
million USD
Preferential regimes provided by Maldives
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Maldives as a beneficiary based on other economies reported preferential regimes
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