Analysis by Region - Emerging Markets - Mauritius

Analysis by Region - Emerging Markets - Mauritius

The trade deficit in Mauritius worsened in Q2 2023 due to substantial increases in imports and an overall reduction in exports. While imports rose to $1.6bn in Q2, merchandise exports decreased to $452.2m, thus resulting in a trade deficit of $1.1bn in the second quarter. High oil, food and commodity prices continue to exert upward pressure on imports, thus keeping the trade deficit wide. Nevertheless, the trade and current account shortfalls are anticipated to narrow somewhat during the remainder of 2023 on the back of a recovery in tourism activity, a slightly stronger Mauritian rupee, and recoveries in domestic industries.