Country exposure · MV

Maldives
South Asia · Malé · presidential republic
What Maldives means for your money — the prices you pay, the tariffs in motion, and where U.S. policy could change both.

$5M
U.S. imports, 2025
+7.4%
change in one year
$117M
U.S. exports, 2025
389K
Population
$7.0B
GDP
In your house
What you buy that Maldives makes
America bought $5M in goods from Maldives in 2025. Of every $100 of it, here's where the money went.
Fish and shellfish
fish, shrimp, shellfish
U.s. goods returned, and reimports
Other (movies, miscellaneous imports, and special transactions)
Minimum value shipments
Toys, games, and sporting goods
toys, games, sporting goods
Industrial supplies, other
Engines and engine parts
Artwork, antiques, stamps, etc.
Materials handling equipment
Other parts and accessories of vehicles
car parts and accessories
2026 so far (through April): $3M in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).
The other direction
What America sells to Maldives
$117M in 2025 — a trade rupture cuts both ways, for American producers as well as American prices.
Natural gas liquids
$38MCivilian aircraft, engines, equipment, and parts
$36MIndustrial engines
$6MPleasure boats and motors
$4MMinimum value shipments
$3MElectric apparatus
$3MComputers
$2Mlaptops, desktops, monitors
Chemicals-other
$2MMiscellaneous domestic exports and special transactions
$1MWhere you stand
U.S. tariff posture toward Maldives
No U.S. tariff action singles this country out. Its goods face the universal 10% temporary import surcharge under Section 122 of the Trade Act (which replaced the IEEPA reciprocal baseline in February 2026) plus the sectoral Section 232 duties — steel and aluminum at 50% — that apply to all countries. The Section 122 surcharge is statutorily temporary — scheduled to lapse on or about July 23, 2026 (a 150-day cap) unless extended or replaced.
Reciprocal tariff (universal baseline)
10%
The universal 10% floor — a Section 122 import surcharge since February 2026, previously the EO 14257 reciprocal baseline — applies to nearly all U.S. imports. This country has no higher assigned rate of its own.
Policy in motion
Tariff status: a moving target
No U.S. tariff action names Maldives. These are the universal measures — applied to every country without a country-specific arrangement — that set its treatment.
2026-04-06
Section 232 metals coverage expanded
In effectThe April 2026 proclamation strengthening Section 232 actions on aluminum, steel, and copper expanded derivative-product coverage for all countries, keeping the general metals rate at 50%.
91 FR 18201 →2026-02-24
IEEPA reciprocal tariffs terminated — replaced by 10% Section 122 surcharge
In effectExecutive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties — including the EO 14257 reciprocal baseline — effective February 24, 2026. A flat 10% Section 122 temporary import surcharge (Proclamation 11012 of February 20, 2026) replaced them, leaving the universal rate unchanged at 10% on a different statutory basis. Section 122 caps such surcharges at 150 days, so this 10% surcharge is scheduled to lapse on or about July 23, 2026 absent further action (the administration has signaled it could raise the rate toward the 15% statutory maximum).
91 FR 9437 →2025-11-13
Agricultural products exempted from reciprocal tariffs
In effectExecutive Order 14360 of November 14, 2025 removed reciprocal duties from certain agricultural products listed in its annexes (coffee, cocoa, bananas, and other goods the U.S. does not produce in sufficient quantity), retroactive to November 13, 2025 — for all countries subject to the reciprocal tariff.
90 FR 54091 →2025-06-04
Section 232 steel and aluminum duties doubled to 50%
In effectThe June 3, 2025 proclamation raised Section 232 duties on steel and aluminum articles and derivatives from 25% to 50% for all countries, effective June 4, 2025.
90 FR 24199 →2025-04-05
Universal 10% reciprocal baseline takes effect
In effectExecutive Order 14257 (signed April 2, 2025) imposed a 10% ad valorem reciprocal duty on imports from all trading partners, effective April 5, 2025. Countries without a higher Annex I rate remain at this baseline.
Federal Register · 2025-06063 →2025-03-12
Section 232 steel and aluminum duties set at 25% for all countries
In effectProclamations of February 10, 2025 terminated all country exemptions and quota arrangements and applied 25% Section 232 duties to steel and aluminum imports from every country, effective March 12, 2025.
90 FR 9817 →
Reference
The country itself
South Asia · Geography, people, economy, and government — public-domain data from the CIA World Factbook.
A sultanate since the 12th century, the Maldives became a British protectorate in 1887 and a republic in 1968, three years after independence. President Maumoon Abdul GAYOOM dominated Maldives' political scene for 30 years, elected to six successive terms by single-party referendums. After political demonstrations in the capital Male in 2003, GAYOOM and his government pledged to embark upon a process of liberalization and democratic reforms, including a more representative political system and expanded political freedoms. Political parties were legalized in 2005. In 2008, a constituent assembly -- termed the "Special Majlis" -- finalized a new constitution ratified by GAYOOM. The first-ever presidential elections under a multi-candidate, multi-party system were held later that year. GAYOOM was defeated in a runoff by Mohamed NASHEED, a political activist whom the regime had jailed several years earlier. In 2012, after several weeks of street protests in response to a top judge's arrest, NASHEED resigned the presidency and handed over power to Vice President Mohammed WAHEED Hassan Maniku. A government-appointed Commission of National Inquiry concluded that there was no evidence of a coup, but NASHEED contended that police and military personnel forced him to resign. NASHEED, WAHEED, and Abdulla YAMEEN Abdul Gayoom ran in the 2013 elections with YAMEEN ultimately winning the presidency after three rounds of voting. In 2018, YAMEEN lost his reelection bid to parliamentarian Ibrahim Mohamed SOLIH. YAMEEN was arrested and jailed in 2022 on corruption charges. Maldives' fourth democratic election was held in September 2023. The winner, Male City Mayor Dr. Mohamed MUIZZU, campaigned on a platform of Maldivian sovereignty, vowing to remove Indian military personnel from the country. MUIZZU represents a joint Progressive Pary of Maldives and People's National Congress (PPM/PNC) coalition.

Geography
- Location
- Southern Asia, group of atolls in the Indian Ocean, south-southwest of India
- Area
- 298 sq km
- Climate
- tropical; hot, humid; dry, northeast monsoon (November to March); rainy, southwest monsoon (June to August)
- Terrain
- flat coral atolls, with white sandy beaches; sits atop the submarine volcanic Chagos-Laccadive Ridge
- Natural resources
- fish
- Coastline
- 644 km
- Natural hazards
- tsunamis; low elevation of islands makes them sensitive to sea level rise
People & society
- Population
- 388,858 (2024 est.)
- Nationality
- Maldivian(s)
- Ethnic groups
- homogeneous mixture of Sinhalese, Dravidian, Arab, Australasian, and African resulting from historical changes in regional hegemony over marine trade routes
- Languages
- Dhivehi (official, closely related to Sinhala, script derived from Arabic), English (spoken by most government officials)
- Religions
- Sunni Muslim (official)
- Median age
- 32.4 years (2025 est.)
- Life expectancy at birth
- 77.4 years (2024 est.)
- Literacy
- 98.2% (2019 est.)
Economy
- Economic overview
- upper middle-income Indian Ocean island economy; major tourism, fishing, and shipping industries; high public debt; systemic corruption; crippled by COVID-19; ongoing deflation; poverty has tripled since pandemic began
- Industries
- tourism, fish processing, shipping, boat building, coconut processing, woven mats, rope, handicrafts, coral and sand mining
- Agricultural products
- fruits, vegetables, nuts, other meats, papayas, bananas, tomatoes, maize, pulses, chillies/peppers (2023)
- Exports - partners
- Thailand 32%, India 21%, Singapore 9%, UK 7%, Germany 5% (2023)
- Imports - partners
- India 15%, UAE 15%, Oman 14%, China 12%, Singapore 8% (2023)
Government
- Government type
- presidential republic
- Capital
- Malé
- Independence
- 26 July 1965 (from the UK)
- Constitution
- many previous; latest ratified 7 August 2008
- Executive branch
- President Mohamed MUIZZU (since 17 November 2023)
- Legislative branch
- People's Majlis (Majlis)
Full reference data
Every field, by section — CIA World Factbook. Open a topic to expand it.
Introduction
Travel Facts
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Page last updated: Wednesday, October 05, 2022