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Maldives

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
11.1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.09
0
0.09

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Trade.Gov Fact Sheet

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Sunday, April 20, 2025, here's the latest update on tariffs concerning the Maldives: Maldives' Own Tariff Policy: The Maldives generally applies ad valorem duties on the Cost, Insurance, and Freight (CIF) value of imports.   Tariff rates in the Maldives can range up to 20%, with some reports indicating a trade-weighted average tariff of around 10.55% (based on 2021 data). Certain goods have specific tariff rates. For example, in some categories: Mobiles and Tablets: 5% Computers & Laptops: 0%   Cameras: 5% Accessories (no battery): 5% Accessories (with battery): 5% Health & Beauty: 0%   Clothing: 15%   Watches: 5% Jewelry: 25% Dry Food & Supplements: 0% Home & Appliances: 0% Sports: 0% Audio Video: 5% Pet Accessories: 20% The Maldives is a member of the World Trade Organization (WTO) and the South Asian Association for Regional Cooperation (SAARC).   Impact of US Tariffs on Maldives: On April 5, 2025, the United States implemented a 10% baseline tariff on all imports, including goods from the Maldives.   Previously, Maldivian fish exports to the US already faced a 10% tariff. Therefore, the new US policy does not impose additional duties on this primary export.   In 2024, the total goods trade between the US and Maldives was $97.4 million. The US had a trade surplus of $87.8 million with the Maldives.   Maldivian exports to the US primarily consist of fish (non-fillet fresh fish, fish fillets, and processed fish). The US exports aircraft parts and machinery-related equipment to the Maldives. While the direct tariff on Maldivian fish exports to the US remains unchanged, the broader US tariff regime could indirectly affect the Maldives by potentially reducing overall US demand for imports.   Some competing nations exporting fish to the US have faced increased tariffs, which could present a potential opportunity for Maldivian fish to gain a stronger market position if quality is maintained. For example, Sri Lanka's export tariff to the US reportedly increased significantly. Recent Trade Relations with India: India has approved the export of specific quantities of essential commodities to the Maldives for the fiscal year 2025-26 under a bilateral trade agreement. These include items like eggs, potatoes, onions, rice, wheat flour, sugar, and dal. These exports are exempt from any existing or future restrictions or prohibitions.   In summary, the Maldives faces its own import tariffs, and its primary exports to the US (fish) were already subject to a 10% duty, meaning the new US baseline tariff doesn't change this directly. However, the broader global trade landscape and specific tariffs on competing nations could create new dynamics for Maldivian trade. Additionally, the Maldives maintains important trade relationships with countries like India for essential commodities.

US Negotiation Strategy

Based on the most recent data (2024), the top imports to the US from the Maldives by value are: Fish, crustaceans, molluscs, aquatics invertebrates ($4.93 Million) Commodities not specified according to kind ($929.73K) Meat, fish and seafood preparations ($203.69K) Vehicles other than railway, tramway ($193.61K) Electrical, electronic equipment ($41.11K) Focusing on the most significant import, fish and seafood, here are the US states that have a strong presence in this sector and some example companies: Alaska: This state has a massive fishing industry, focusing on wild-caught salmon, cod, pollock, and various other seafood. Trident Seafoods: One of the largest seafood companies in North America, with extensive operations in Alaska. Peter Pan Seafoods: Another major player in the Alaskan seafood processing industry. Washington: Similar to Alaska, Washington has a significant wild-caught and farmed seafood industry, including salmon, shellfish (oysters, clams, mussels), and groundfish. Taylor Shellfish Farms: A large producer of farmed shellfish in the Puget Sound.   Ocean Beauty Seafoods: Processes and distributes a wide variety of seafood, including Alaskan species.     Louisiana: Known for its Gulf Coast fisheries, Louisiana's seafood industry focuses on shrimp, oysters, crabs, and finfish like catfish and redfish. Acme Oyster House: While primarily a restaurant, they also handle a significant volume of oyster processing. Numerous smaller, family-owned seafood processors along the coast. Massachusetts: A historic center for fishing, Massachusetts' industry focuses on cod, haddock, flounder, lobster, and various other groundfish and shellfish. Legal Sea Foods: Similar to Acme Oyster House, they have processing capabilities alongside their restaurant chain. Many smaller fishing fleets and processors in ports like Gloucester and New Bedford. Maine: Famous for its lobster, Maine also has a significant industry in other shellfish and groundfish. Luke's Lobster: A seafood company with processing facilities and restaurants.   Numerous independent lobstermen and smaller seafood dealers. California: While perhaps not as dominant as the states listed above, California has commercial fishing and aquaculture operations for various species, including tuna, salmon, and shellfish. Pacific Seafood Group: A large West Coast seafood company with operations in California.   It's important to note that while these states have significant seafood industries that produce similar types of products to those imported from the Maldives (particularly non-fillet fresh fish, fish fillets, and processed fish), the specific species and the scale of production might differ. Additionally, some of the imports from the Maldives might be of specific fish species not as commonly found or processed in large quantities in the US. Regarding the other top imports from the Maldives: Commodities not specified according to kind: This is a very broad category and difficult to pinpoint specific manufacturing states and companies without more detail. Meat, fish and seafood preparations: The states listed above for general fish and seafood processing would also be involved in preparing these types of products. Companies would include those already mentioned as well as more specialized food processing companies. Vehicles other than railway, tramway: The US has a large automotive manufacturing industry, with significant production in states like Michigan (Ford, General Motors, Stellantis), California (Tesla), South Carolina (BMW, Volvo), Alabama (Mercedes-Benz, Hyundai), and Tennessee (Nissan, Volkswagen).   Electrical, electronic equipment: This is a vast sector with manufacturing across many states, particularly California (Apple, various semiconductor companies), Texas (Dell, Samsung), and Massachusetts (various tech and electronics manufacturers).

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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