Mauritius sees net exports of Rs 4.71 billion in the third quarter of 2014
Besides, Statistics Mauritius informed that following the coming into operation of a new enterprise producing bone substitutes for orthopaedic and dental surgery, the total number of export-oriented enterprises operating at the end of September 2014 was 312. (Image: Ciel group)
Statistics Mauritius announced Wednesday December 17, 2014 that net exports, which is calculated as exports minus imports, amounted to Rs 4.71 billion for the third quarter of 2014 and its ratio to total exports worked out to around 39% compared to 37% in the corresponding quarter of 2013.
Export Oriented Enterprises (EOE) exports knew an increase of 0.5% against the third quarter 2013 while EOE imports lowered by 3.0% against the third quarter 2013.
Compared to the second quarter of 2014, EOE exports declined by 3.0% to reach Rs 12.14 billion in the third quarter of 2014.
This decline is mainly on the account of decreases obtained in ‘Articles of apparel and clothing’ and ‘Food and live animals’ of 3.1% and 4.7% respectively as well as an increase of 87.6% in the exports of ‘Chemical and related products.’
The principal EOE markets remain the United Kingdom (UK), the United States of America (USA) and France, together accounting for 52% of total EOE exports.
The Republic of South Africa, Italy and Spain are found among the other main destinations of EOE exports.
Compared to the previous quarter, exports rose for the Republic of South Africa by 24.7%, Netherland by 31.3%, USA by 3.7%, and United Kingdom by 1.0%.
In addition, exports went down for France by 17.7%, Belgium by 21.1%; and Spain by 15.6%.
Concerning EOE imports for the third quarter 2014, they were estimated at Rs 7.43 billion, representing an increase of 11.9% over the previous quarter of 2015, on the account of higher imports of raw materials by 12.7%, partly offset by lower imports of machinery and equipment by 1.9%.
It may be noted that Export Oriented Enterprises (EOE) consist of enterprises previously operating with an Export Processing Zone (EPZ) certificate as well as those manufacturing goods for exports and holding a registration certificate issued by the Board of Investment.
Following the coming into operation of a new enterprise producing bone substitutes for orthopaedic and dental surgery, the total number of export-oriented enterprises operating at the end of September 2014 was 312.
Compared to the second quarter of 2014, total employment in EOE decreased by 0.4% from 55,320 to reach 55,098 in the third quarter of 2014.
Employment of Mauritians declined by 1.8% from 32,801 to 32,222, while employment of foreign workers increased by 1.6% from 22,519 to 22,876.
Finally, some 711 new jobs were created whilst 933 were lost, due to the contraction of workforce in some enterprises.
Source: Statistics Mauritius