Total exports for the second quarter of 2015 added up to Rs. 25.9 billion, representing an increase of 5.3% compared to the corresponding quarter in 2014. This is due to a rise in the re-exports of telecommunication equipment and accessories.
A comparison with the figures of the previous quarter indicates an increase of 12.5% in total exports - this is primarily due to growth in exports of ‘Articles of wearing apparel & clothing accessories’ and ‘Pearls, precious & semi-precious stones’. A similar analysis for our main export markets indicates an increase in exports to United Kingdom (+33.3%), U.S.A (+31.6%), France (+28.4%) and South Africa (+10.3%).
Total imports increased from Rs. 41.9 billion in the second quarter of 2014 to Rs. 42.9 billion in the corresponding quarter in 2015. It should be noted that a decrease in the imports of ‘Refined petroleum products’ has been registered in the same period. In contrast with the figures for the previous quarter of 2015, imports from our main buyers increased as follows: India (+23.1%), France (+17.1%), South Africa (+11.6%) and China (+4.8%).
According to Statistics Mauritius, it is anticipated that total exports for 2015 will amount to Rs. 106 billion against Rs. 185 billion for imports, resulting in a trade deficit of Rs. 79 billion.
More information on the second quarter trade statistics can be obtained here