Maldives’ revenue from fish exports rose 40 percent in the first five months of the year, according to central bank data.
Maldives Monetary Authority (MMA) monthly key economic indicators report showed that revenue from fish increased to USD 63.7 million in the first five months of this year as opposed to the USD 45.5 million recorded during the same period in 2024.
According to the data, fish export revenue was the highest in April with USD 18.2 million earned during that month alone. On average, revenue from fish export revenue for the first five months of this year, except January, was more than USD 10 million which is considerably higher than the average revenue figure last year.
Revenue from fish exports this year:
January - USD 8.6 million
February - USD 13.3 million
March - USD 12.4 million
April - USD 18.2 million
May - USD11.2 million
The boost in revenue so far this year has conceded with an increase in fish exports.
In the first five months of this year, 38,800.6 metric tonnes of fish were exported in comparison to the 23,356.1 metric tonnes during the same period last year, posting an increase of 66.1 percent.
Fish exports so far this year
January - 5,710 metric tonnes
February - 8,511 metric tonnes
March - 7,376 metric tonnes
April - 9,700 metric tonnes
May - 7,499 metric tonnes
Fishing has historically been a cornerstone of the Maldivian economy, and the government has reinforced its dedication to sustaining and diversifying the sector. As the industry grows, officials have prioritised environmentally conscious policies to ensure the long-term viability of fishing as a primary source of national income.
Among the latest initiatives is the launch of a national fishermen's register, designed to streamline industry regulations and support local fishermen. The government has also introduced personal finance loans, providing direct access to capital for modernising operations and securing economic stability.