Trade & balance OFFICIAL SERIES

The external gap matters

Follow the import bill, export base, and reserves that determine Maldives’ external resilience.

KEY READ$3.62B imports

In 2025; the current account deficit narrowed to 6% of GDP. Official reserves stood at $0.55B in Sep 2026, against $527M of foreign-currency payments due within 12 months. External debt: $3.96B (Q2 2026).

DATA COVERAGE1986 — Sep 2026

Annual series from the Statistical Pocketbook 2026, with monthly and daily series synced from the MMA and the Ministry of Tourism.

SOURCENSO · MMA

Official statistics, with live series from the MMA Statistics API.

EXPLORE GROUPS

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DOLLARS IN, DOLLARS OUT

Annual · 2025

Where foreign currency comes from, and where it goes

Current account of the balance of payments · US dollars · 2025 · MMA

Coming in$6.35B

Tourism (travel)$5.57B

Goods exports$444M

Other services sold abroad$227M

Transfers received$65M

Income received$44M

Going out$6.83B

Goods imports$3.40B

Services bought abroad$1.89B

Profits and interest paid abroad$817M

Worker remittances sent home$661M

Other transfers sent abroad$57M

Gap (current account)−$476M

Covered by net borrowing and investment$954M

Change in official reserves+$310M

Foreign currency counted in US dollars. The gap and its financing do not add up exactly to the change in reserves because of errors and omissions in the balance of payments.

No 2026 figure yet · next release expected Sep 2027

IMPORTS BY TYPE

Latest · Aug 2026

What the Maldives imports

Imports of goods by type · US dollars · 12 months Sep 25 to Aug 26, vs the 12 months before · MMA (customs)

ValueShareYoY

Fuel (petroleum products)$1.07B25%+52%

Food$834M20%+7%

Other items$820M19%+5%

Wood, metal, cement and aggregates$465M11%+35%

Machinery and mechanical appliances$332M8%+33%

Transport equipment and parts$274M6%-24%

Electrical and electronic machinery$267M6%+28%

Furniture and fittings$138M3%-1%

Electronic and electrical appliances$61M1%+2%

Total$4.26B100%

View details

TIME SERIES

Annual · 2025

Dollars in vs dollars out

Current account inflows and outflows · USD billions · per year · MMA

InOut

No 2026 figure yet · next release expected Sep 2027

TIME SERIES

Latest · Aug 2026

The fuel import bill

Imports of petroleum products by type · USD millions · last 24 months · MMA (customs)

DieselPetrolAviation fuelOther

TIME SERIES

Latest · Jul 2026

Tourism dollars, month by month

Travel receipts: foreign currency earned from visitors · USD millions · last 24 months · MMA

Receipts

TIME SERIES

Latest · Sep 2026

The government's dollar revenue

Revenue MIRA collects in US dollars, by tax · USD millions · per year

Tourism GSTGreen taxLand rentAirport feeDeparture tax

TIME SERIES

Latest · Sep 2026

Dollar revenue each month

Total revenue MIRA collects in US dollars · USD millions · last 24 months

USD revenue

TIME SERIES

Annual · 2025

Imports keep the gap wide

Exports and imports · USD millions

ExportsImports

No 2026 figure yet · next release expected Sep 2027

TIME SERIES

Annual · 2025

The current account gap is closing

Current account balance · % of GDP

Current account

No 2026 figure yet · next release expected Sep 2027

TIME SERIES

Latest · Sep 2026

Reserves are thinning

Official reserve assets · USD millions · last 36 months · MMA

Reserves

TIME SERIES

Latest · Sep 2026

Reserves against what is already owed

Official reserves, predetermined foreign-currency drains due within 12 months, and the difference · USD millions · last 36 months · MMA

ReservesDue in 12 monthsNet

TIME SERIES

Quarterly · Q2 2026

External debt

Total external debt and central government (incl. guaranteed) external debt · USD millions · quarterly · MMA

TotalGovernment

TIME SERIES

Quarterly · Q2 2026

Paying it back

Central government external debt service · principal and interest · USD millions · quarterly · MMA

PrincipalInterest

TIME SERIES

Latest · Aug 2026

The monthly import bill

Imports · USD millions · last 24 months · MMA

Imports