Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Finance

Mauritius: Trade deficit should reach $2.18 billion before year ends

Wednesday, 30 November 2016 16:42

(Ecofin Agency) - Data released by the National Bureau of Statistics of Mauritius reveals that the nation’s trade deficit grew 15.7% in Q3 2016, compared to Q3 2015. Compared to the previous quarter of 2016, it soared 11.7% to 21.7 billion Mauritian rupees ($590 million).

The gap should widen more before the year ends, according to the institution. “Based on quarterly trends and the various sources of data we collected, we believe that before 2016 ends, exports will stand at 88 billion rupees, against 165.7 billion rupees for imports. Subsequently, trade deficit should amount 79.5 billion rupees ($2.18 billion),” it said in a statement.

In the third quarter of the year, exports were impaired by lower sales of machinery and transportation equipment. They slumped by around 47.1% pulling exports down by 12.1%. Imports also decreased in that quarter, to a lesser extent however (-0.2%).





 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.