Mauritius Trade Gap Highest Since 2023
2024-12-17 10:01
By
Joshua Ferrer
1 min. read
Mauritius’s trade deficit widened to MUR 19 billion in October 2024, up from MUR 14 billion in the same month of the previous year.
It was the largest monthly trade shortfall since May 2023, as imports jumped by 24% year-on-year to MUR 28.5 billion, mainly boosted by higher purchases of beverages & tobacco (+86.9%), mineral fuels and lubricants (+43.3%), and crude materials, inedible, except fuels (+34.6%).
Meanwhile, exports increased at a slower 6.3% to MUR 9.5 billion, mainly driven by shipments of animals and vegetable oils, fats & waxes (+36.4%) and machinery and transport equipment (+34.3%).