Mauritius trade deficit for October down 10% as exports rise
Revenue from sales of food and live animals drove up exports, which rose 13.6% year-on-year to Rs 8.13 billion, Statistics Mauritius said in a statement. (Image: ENL)
Mauritius trade deficit for October stood at Rs 6.75 billion ($224 million), down 10 per cent compared to the year-ago period on the back of higher exports, according to Statistics Mauritius data released yesterday.
Also, the trade deficit, representing the gap between export and import of goods, was lower by 15.7% for the month of October 2013 compared to the previous month.
Revenue from sales of food and live animals drove up exports, which rose 13.6% year-on-year to Rs 8.13 billion. Sales of food and live animals increased to Rs 2.37 billion from Rs 2.03 billion a year ago, while machinery and transport equipment showed the highest growth among all categories, rising 153% to Rs 661 million from Rs 261 million a year ago.
On a month on month basis, total exports increased by 17.3% compared to September 2013, once again driven by higher sales of food and live animals which rose 16.27% from Rs 2.05 billion in the previous month.
On the imports front, goods bought from overseas rose 1.5 percent to Rs 14.88 billion driven by machinery and transport equipment. The category showed 23% growth to reach Rs 3.2 billion in October 2013.
On a month on month basis, total imports dipped 0.4% compared to September 2013, largely driven by a fall in purchases of food and live animals which declined 11.95% to Rs 2.69 billion.
Britain was the main buyer of goods from Mauritius in October accounting for 14.6%, while India supplied 20.6% of the island nation’s imports.
Besides, France (9.8%), USA (9.8%), and South Africa (9.1%) were the other major exports destinations in October 2013 while the other imports came mainly from China (14.8%) and France (8.9%).