Maldives Monetary Authority figures show petroleum import expenditure rose 77.6 per cent to USD 908.2 million in the first nine months of 2026, driven by diesel and higher international oil prices linked to the Middle East conflict. Total merchandise imports reached USD 3.35 billion, a 27.8 per cent increase, with food and construction material spending also up.
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The Maldives' expenditure on petroleum imports increased by 77.6 per cent to USD 908.2 million during the first nine months of 2026, compared to USD 511.4 million during the same period last year, figures from the Maldives Monetary Authority (MMA) show.
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The Maldives' expenditure on petroleum imports increased by 77.6 per cent to USD 908.2 million during the first nine months of 2026, compared to USD 511.4 million during the same period last year
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compared to USD 511.4 million during the same period last year, figures from the Maldives Monetary Authority (MMA) show.
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with spending rising by 82.2 per cent from USD 391 million to USD 712.5 million.
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with spending rising by 82.2 per cent from USD 391 million to USD 712.5 million.
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MMA figures show that total merchandise imports reached USD 3.35 billion between January and September, representing a 27.8 per cent increase from USD 2.62 billion recorded during the corresponding period in 2025.
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representing a 27.8 per cent increase from USD 2.62 billion recorded during the corresponding period in 2025.
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representing a 27.8 per cent increase from USD 2.62 billion recorded during the corresponding period in 2025.
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increased from USD 258.6 million to USD 377.4 million.
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