Mauritius' trade deficit for 2018 forecast at US$3.11bn

Port-Louis, Mauritius (PANA) – Statistics Mauritius has estimated that Mauritian total exports for 2018 will reach around MRs 84bn and imports around MRs 193bn, thus resulting in a trade deficit worth MRs 109bn or about USD 3.11bn. (US1=MRs35).

In its latest trade bulletin, it said that total external merchandise trade for the first quarter of 2018 was valued at MRs 57.3bn or 20.8% lower than the previous quarter and 5.9% lower compared to the corresponding quarter of 2017.

During the first quarter of 2018, total exports (including ship’s stores & bunkers) were valued at MRs 18.1bn against imports of MRs 39.17bn. The resulting trade deficit worked out to MRs 21.06bn, 34% lower than the deficit of MRs 31.9bn of the previous quarter and 2.1% lower than the deficit of MRs 21.5bn for the corresponding quarter of 2017.

Analysis of exports figures by country of destination for the first quarter of 2018 shows that the European countries were the island’s main buyers, purchasing some 49.8% of its exports for a value of MRs 7.5bn.

Among countries, the major destinations for exports were United Kingdom (12.8%), France (11.2%), South Africa (10.4%), USA (9.4%), Italy (6.5%), Madagascar (5.8%), Spain (5.6%), Netherlands (3.9%), La Reunion (3%) and Germany (2.9%).

Compared to the first quarter of 2017, exports to Germany, South Africa and Netherlands went up by 68.5%, 15.7%, and 14.8% respectively. On the other hand, exports to USA, Reunion, Madagascar, Italy, France and Spain dropped by 33.5%, 28%, 26.1%, 23.6%, 20.4% and 6.4% respectively.  Exports to U.K remained nearly the same.

During the first quarter of 2018, the island’s imports originated from four main countries, namely: India (17.2%), China (13.8%), South Africa (10.8%) and France (8.8%).

Among continents, Asia was its main supplier with a share of MRs 20.4bn, representing 52.1% of total imports.
-0- PANA NA/MA 6June2018

06 june 2018 08:44:27

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