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E-commerce

E-commerce market

Although precise figures are not available, widespread internet usage is underpinning growth in the Maldivian e-commerce market, which comprises domestic online platforms and marketplaces, as well as online transactions between offshore sellers and foreign tourists for services ultimately consumed in the country. Survey-based estimates of average growth in e-commerce sales for Maldives comparator countries suggest a marked upward trend in recent years, particularly during the pandemic.
According to the World Bank, over the last decade digitally-delivered services more than doubled as a share of total trade in services for the Maldives (a growth rate twice as large as the average for other small island developing states), and now account for almost half of all service trade in the country. It mostly comprises B2B services.