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AfricaMoney | August 21, 2017

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Mauritius’ trade deficit rises 6.9% in October year-on-year on rising food and live animals imports

Mauritius’ trade deficit rises 6.9% in October year-on-year on rising food and live animals imports

Food and live animals, which was estimated at Rs 3.34 billion in October 2014, saw a rise of 23.0% compared to Rs 2.713 million received in September 2014, and an increase of 22.9% compared to Rs 2.715 million received in the corresponding month of last year. (Image: Cargo Handling Corporation Ltd)

Mauritius’ trade deficit rose by 6.9% to hit Rs 7.32 billion in October 2014, compared to the year-ago period, driven largely by higher imports of food and live animals, according to data released on Statistics Mauritius on December 22, 2014.

Besides, the gap between imports and exports by Mauritius also widened by 18.9% in October 2014, compared to September 2014.

In October 2014, total imports rose by 4.6% compared to September 2014 and by 6.9% compared to October 2013.

The top three import items were machinery and transport equipment; food and live animals; and finally manufactured goods classified chiefly by material.

The cost of machinery and transport equipment declined by 14.1% to Rs 3.62 billion in October 2014 from Rs 4.21 billion in September 2014, while it amounted to Rs 3.18 billion in the corresponding month of last year, representing a rise of 13.8%.

Food and live animals, which was estimated at Rs 3.34 billion in October 2014, saw a rise of 23.0% compared to Rs 2.713 million received in September 2014, and an increase of 22.9% compared to Rs 2.715 million received in the corresponding month of last year.

Finally, manufactured goods classified chiefly by material climbed up by 11.0% to Rs 2.61 billion in October 2014 from Rs 2.35 billion in September 2014, and a decline of 9.6% compared to Rs 2.89 billion in the corresponding month of last year.

In October 2014, total exports decreased by 5.1 % compared to the previous month but increased by 6.9% compared to October 2013.

The most exported goods were miscellaneous manufactured articles; food and live animals; and machinery and transport equipment.

Compared to October 2013, a decline of 3.35% was seen in miscellaneous manufactured articles exported in October 2014 to Rs 2.60 billion, and an increase of 3.33% compared to September 2014, when it amounted to Rs 2.15 billion.

Food and live animals, at Rs 2.08 billion, have shown a dip of 12.5% and 23.5% respectively when compared to October 2013 and September 2014.

As for machinery and transport equipment, it increased to Rs 1.37 billion in October 2014, a 107.7% rise over the year-ago period when it stood at Rs 662 million, as well as witnessed an increase of 4.3% compared to September 2014.

Finally, looking at the geographic break-up the island’s major exports destinations in October 2014 were: United Arab Emirates accounting at 15.9% share, United Kingdom 13.9%, France 10.0% and United States of America 8.5%.

On the other hand, imports were mainly from India, China, France and South Africa which supplied 16.5%, 16.1%, 8.3%, and 6.4% respectively.

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