Higher exports level of 4.6% recorded for the fourth quarter of 2014 upon rise of re-exported goods.
This was mainly driven by the expansion in re-export of goods by 48.5%, in absolute terms re-export of goods inched up from Rs 4,825 million to Rs 7,164 million, explained via the rise in re-exports of “Telecommunication equipment and accessories” from R 1,213 million to R 3,123 million. (Image:wikimedia)
Total export proceeds for the fourth quarter of 2014, including domestic exports, re-exports and ship’s stores and bunkers amounted to R 24,750 million, representing an increase of 4.6% over the corresponding quarter of 2013.
This was mainly driven by the expansion in re-export of goods by 48.5%, in absolute terms re-export of goods inched up from Rs 4,825 million to Rs 7,164 million, explained via the rise in re-exports of “Telecommunication equipment and accessories” from R 1,213 million to R 3,123 million.
Domestic exports which accounts for 56.9% of total export recorded a drop of 4.0% and exports of Export Oriented Enterprises (EOE) were amounted to Rs 11,604 million, showing a decrease 1.1% over the corresponding period of 2013.
Moreover exports of “Live primates”, “Pearls, precious & semi-precious stones” and “Articles of wearing apparel and clothing accessories” were the main export component leading the increase of the country total export of 4.6%.
On the other side drop in exports of “Cane sugar” by 34.4% and “Fish and fish preparations” by-13.7% was partly offset by positive performance of other components of total exports.
Main exports buyer during the fourth quarter of 2014 rose for United Arab Emirates (+591.4%), Madagascar (+29.4%) and United State of America (+3.0%) when compared to the corresponding quarter of 2013, but declined for Italy (-40.6%), Spain (-5.1%) and France (-4.0%).
Total imports for the quarter under review rose by 3.6% to reach Rs 48,893 million against Rs 45,598 million in the corresponding quarter of 2013,mainly due to increases in imports of “Machinery and transport equipment” (+25.5%) and “Food & live animals” (+8.8%), partly offset by a decrease in the imports of “Mineral fuels, lubricants and related products” (-19.5%) .
Our main import supplier was India where the level of imports dropped by 3.0%, while imports from China, South Africa and Spain rose by 16.5%, 6.5% and 6.2% respectively.
Finally a trade deficit of Rs 24,143 million was reported for the fourth quarter of 2014 representing an increase of 2.6%.
The Statistic Mauritius forecast total exports for the year 2015 are forecasted at Rs 97,000 million, against Rs 180,000 million for imports and a trade deficit is expected to be around Rs 83,000 million base of past trends and information.