Balance of Trade In Goods and Services (Local Currency) fell 6.56% to MVR -0.830 bil in Maldives in 2017

Balance of Trade In Goods and Services (Local Currency) (MVR bil)
Economy | Maldives | May 18, 2019
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Excel Sheet

Balance of trade in goods and services reached -0.830 MVR bil in 2017 in Maldives, according to the National Statistical Office. This is 6.56 % more than in the previous year.

Historically, balance of trade in goods and services in Maldives reached an all time high of 8.38 MVR bil in 2014 and an all time low of -4.92 MVR bil in 2005. When compared to Maldives's main peers, balance of trade in goods and services in India amounted to -5,480 INR bil, 137,825 IDR bil in Indonesia, 109 SGD bil in Singapore and -957 SKR bil in Sri Lanka in 2017.

Maldives has been ranked 74th within the group of 163 countries we follow in terms of balance of trade in goods and services, 15 places behind the position seen 10 years ago.

The external balance of trade in goods and services (formerly the resource balance) equals exports of goods and services minus imports of goods and services (previously non-factor services).

Balance of Trade In Goods and Services (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia AUD bil 13.7 -3.73 -19.9 -6.84 -24.7
Bangladesh BDT bil -694 -822 -866 -878 -1,124
China CNY bil 1,169 1,464 1,455 1,361 2,235
India INR bil -5,716 -6,687 -3,350 -3,723 -3,163
Indonesia IDR bil 193,811 -33,958 -75,435 -79,083 44,113
Malaysia MYR bil 142 104 87.0 103 88.6
Maldives MVR bil 2.14 5.22 7.81 8.38 5.78
Myanmar MMK bil -0.665 314 400 -1,356 -4,190
Pakistan PKR bil -915 -1,606 -1,518 -1,615 -1,769
Philippines PHP bil -353 -344 -486 -461 -786
Singapore SGD bil 93.0 85.1 85.6 91.9 108
Sri Lanka SKR bil -952 -1,036 -827 -836 -825
Thailand THB bil 230 127 365 895 1,583