Trading in the Maldives primarily revolves around tourism, fisheries, and import-export activities. Here are some key aspects of trading in the Maldives:

• Tourism: Tourism is the main economic driver in the Maldives, accounting for a significant portion of the country’s GDP. The tourism industry relies on trading goods and services related to hospitality, food and beverages, water sports equipment, luxury goods, and souvenirs. Resorts and hotels often source products locally and internationally to cater to the needs of tourists.
• Fisheries: Fisheries play a vital role in the Maldivian economy, with the country being known for its tuna exports. Trading in fish and seafood products, such as canned tuna, fresh fish, and processed seafood, is a significant part of the Maldives’ trading activities. The country also engages in fish processing and export to international markets.
• Import-export: The Maldives relies heavily on imports for consumer goods, food products, machinery, vehicles, and construction materials, as the country’s domestic production capacity is limited. Key imports include food items, electronics, fuel, construction materials, and luxury goods. The Maldives also exports products such as fish, garments, handicrafts, and agricultural products.
• Free trade zones: The Maldives has established free trade zones to facilitate trade and investment, offering incentives and tax benefits to businesses operating within these zones. The Maldives International Airport Free Trade Zone is one such zone that promotes trade, logistics, and warehousing activities, attracting foreign investment and promoting economic growth.
• Trade agreements: The Maldives is a member of various regional and international trade agreements, such as the South Asian Association for Regional Cooperation (SAARC) and the World Trade Organization (WTO). These agreements help facilitate trade relations with neighboring countries and provide a framework for trade policies and regulations.
• Small and medium enterprises (SMEs): Small and medium enterprises play a significant role in the trading sector in the Maldives, contributing to job creation, economic diversification, and local entrepreneurship. SMEs are involved in various trading activities, including retail, wholesale, distribution, and export-import businesses.

Overall, trading in the Maldives is essential for sustaining the country’s economy, promoting economic growth, and facilitating international commerce. The diverse trading activities in the Maldives, ranging from tourism and fisheries to import-export and free trade zones, contribute to the country’s economic development and global connectivity.