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.
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