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AfricaMoney | August 21, 2017

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Mauritius External Trade shows increase in second quarter 2014

Mauritius External Trade shows increase in second quarter 2014

The first semester exports where mainly consisted of ‘Articles of apparel and clothing accessories’, ‘Fish and fish preparations’, ‘Cane sugar’ and Ship’s stores and Bunkers. (Image: Investors Business Guide)

Total export proceeds for the second quarter of 2014 are valued at Rs 23,887 million, showing an increase of 9.8% compared to the corresponding quarter of 2013.

This increase is mainly explained by a rise in the re-exports of “Telecommunication equipment & accessories” from Rs 59 million in the second quarter of 2013 to Rs 2,014 million in the second quarter of 2014.

Compared to the previous quarter, total exports for the second quarter of 2014 rose by 11.7%, mainly as a result of increase of 51.7% in re-exports comprising mainly “Telecommunication equipment & accessories” and 14.3% in domestic exports, partly offset by a decrease of 31.4% in Ship’s stores and Bunkers (SSB).

Total export proceeds for the first semester of 2014 reached Rs 45,272 million, representing an increase of 7.5% over the corresponding semester of last year.

The first semester exports where mainly consisted of exports of ‘Articles of apparel and clothing accessories’ with Rs 12,138 million, ‘Fish and fish preparations’ Rs 6,833 million, ‘Cane sugar’ Rs 4,289 million and Rs 7,028 million of SSB.

Exports of Export Oriented Enterprises (EOE) for the first semester of 2014 were amounted to Rs 23,475 million, showing an increase of 2.0% over the corresponding period of 2013.

For the first six months of 2014, exports towards our main buyers rose for USA Madagascar and France with 24.0%, 21.8% and 12.3% respectively.

Finally, decline was registered for United Kingdom with 14.4%, Italy 11.2% and South Africa 10.5%.

On the other hand, total imports rose by 8.4% to reach Rs 41,912 million in the second quarter of 2014 from Rs 38,679 million in the corresponding quarter of 2013.

Compared to the previous quarter, import rose by 17.7%, mainly due to higher imports of ‘Machinery and equipments’ and ‘Miscellaneous manufactured articles’.

Total imports for the first six months of 2014 amounted to Rs 77,532 million, which is an increase of 1.5% over the first semester of 2013.

Imports of refined petroleum products, which amounted to Rs 13,866 million in the first six months of 2014, decreased by 14.1% compared to the corresponding period of 2013.

Imports from our main supplier, India, dropped by 8.7%, while imports from China and France rose by 10.1% and 5.6% respectively.

Finally, the trade deficit for the first semester of 2014 works out to Rs 32,260 million, 6.0% lower than the deficit of Rs 34,316 million in the corresponding period of 2013.

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