Bloomberg News

Mauritius Trade Gap Narrows for First Time in 8 Months

May 22, 2012

Mauritius’s trade deficit narrowed for the first time in eight months in March as fuel-import bills dropped by more than half.

The gap narrowed 22 percent to 5.3 billion rupees ($178 million) from 6.7 billion rupees a year earlier, Statistics Mauritius said today in a statement on its website. Fuel imports plunged 55 percent to 2.1 billion rupees, it said.

Imports fell 11 percent to 12 billion rupees, according to the Port Louis-based statistics office. Exports decreased 0.8 percent to 6.7 billion rupees.

The Indian Ocean island nation, with a population of about 1.3 million people, is a net importer of food and fuels. India is the country’s largest supplier while Europe, led by the U.K., is the biggest buyer of Mauritian goods.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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