Mauritius trade deficit narrows in first half 2014.
The main items that contributed to the rise in imports for June 2014 were mineral fuels, lubricants and related materials with Rs 3,557 million, compared to last month where it were set at Rs 2,284 million. (Image: Anonscope)
Mauritius trade deficit has showed a deficit of Rs 6,292 million in June 2014 higher by 22.1% compared to the previous month and by 23.0% compared to the corresponding month of the previous year.
In June 2014, total imports rose by 10.4% compared to May 2014 and by 11.6% compared to June 2013.
The top three imported goods under the imports section were mineral fuels, lubricants and related materials first, with Rs 3,557 million for June 2014.
However, compared to last year at the same period, June 2013, it shows a decrease of Rs 172 million, but compared to May 2014, it shows a major increase of Rs 1,273 million, where in May 2014 mineral fuels, lubricants and related materials were set at Rs 2,284 million.
Machinery and transport equipment which came second under the import section were set at Rs 3, 274 million, compared to June 2013, where an increase of Rs 1,060 million was noted. However, compared to last month, May 2014, a decrease of Rs 169 million was registered.
Finally, food and live animals were set at Rs 2,362 million, which is a rise of Rs 73 million compared to last month, May 2014. Furthermore, compared to June 2013, it shows a net increase as it was set at Rs 2, 120 million.
In June 2014, total exports climbed up by 3.2% compared to the previous month and by 4.4% compared to June 2013.
The most exported products were miscellaneous manufactured articles with Rs 2,883 million at the end of June 2014, and show an increase of Rs 226 million compared to May 2014.
Compared to June 2013, an increase of Rs 233 million was also registered where last year, miscellaneous manufactured articles were set at Rs 2,650 million.
Food and live animals, which is the second most exported product, has shown a decrease of Rs 150 million to be set at Rs 2,147 million at the end of June 2014, compared to last year at the same period where a major decrease was registered and thus food and live animals was set at Rs 2,648 million.
A major increase of Rs 1,115 million for machinery and transport equipment was registered, compared to June 2013, where it was set at Rs 193 million.
In regards to last month, May 2014, machinery and transport equipment was set at Rs 912 million.
Finally, United Kingdom, United Arab Emirates, United States of America and France were the major exports destinations in June 2014, while imports were mainly from India, China, France and South Africa with 26.2 %, 16.2%, 7.0% and 6.2 % respectively.