Trade Deficit down by more than 20%

Mauritius’ trade deficit narrowed by 20.6% in May to 5.27bn rupees from a year earlier on the back of lower import costs, official data showed yesterday. The value of overall imports fell by 10.8% to 12.30bn with the value of imported fuel and lubricants falling to 2.0bn rupees from 3.79bn rupees a year ago. Exports fell 1.8% to 7.0bn rupees due to lower revenue from exports of manufactured goods, Statistics Mauritius said in a statement. Britain was the main buyer of goods from Mauritius in May accounting for 17.8%, while India supplied 19.8% of the island nation’s imports.

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