Trading with Mauritius
Mauritius has a liberal economic and trade policy, with a trade-to-GDP ratio of 119% (World Bank, latest data available). The country is a member of the WTO, as well as other regional economic groups (COMESA, SADC, IOC). Mauritius aims to transform the island into an open and globally competitive economy and to fully integrate it into the world trade system through its trade policies. Comparatively, the island does not have many trade barriers and customs duties are low. In 2023, Mauritius exports were led by articles of apparel & clothing accessories (23.5%), fish and fish preparations (20.3%), cane sugar (17.3%), textile yarns, fabrics, made-up articles (7.8%); whereas the country imported chiefly machinery & transport equipment (23.5%), mineral fuels, lubricants, & related products (20.6%), food and live animals (19.1%), manufactured goods classified chiefly by material (13.3%), miscellaneous manufactured articles (9.2% - data Statistics Mauritius).
The country’s main export destinations in 2023 were South Africa (12.7%), the United Kingdom (12.4%), France (10.9%), the U.S. (10.8%), Spain (8.2%), Madagascar (8.1%), and Italy (6.3%); while imports came mostly from China (15.8%), the United Arab Emirates (11.1%), India (10.2%), South Africa (7.3%), France (6.1%), Germany (3.3%), and Japan (3.1% - data Statistics Mauritius).
Mauritius imports more than it exports, resulting in a structural trade deficit. In 2022, the country exported USD 2.38 billion worth of merchandise (+21.7% year-on-year) against USD 6.60 billion in imports (+28.7% y-o-y). Traditionally, the country is a net service exporter, thanks to its tourism sector: in 2022, Mauritius exported USD 2.6 billion worth of services against USD 2 billion in imports. When computing both goods and services, Mauritius’ trade deficit stood at 6.1% of GDP in 2022 (from 9.6% one year earlier - World Bank). According to the latest data from Statistics Mauritius, in 2023, total export proceeds amounted to MUR 104,081 million, marking a 1.4% decline from MUR 105,524 million in 2022. This decrease primarily stems from drops in "manufactured goods classified chiefly by material" (-13.0%) and "miscellaneous manufactured articles" (-9.4%), although partially mitigated by an increase in "food and live animals" (+17.2%). On the import front, total imports for 2023 totaled MUR 284,348 million, reflecting a 2.7% reduction compared to MUR 292,112 million in 2022. This decline is chiefly attributed to decreases in "manufactured goods classified chiefly by material" (-18.4%) and "mineral fuels, lubricants & related products" (-12.4%), but somewhat offset by rises in "machinery & transport equipment" (+18.4%) and "food and live animals" (+3.4%).
Foreign Trade Indicators | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Imports of Goods (million USD) | 5,596 | 4,220 | 5,133 | 6,609 | 6,284 |
Exports of Goods (million USD) | 2,223 | 1,789 | 1,962 | 2,388 | 2,300 |
Imports of Services (million USD) | 2,071 | 1,307 | 1,412 | 2,032 | 2,184 |
Exports of Services (million USD) | 3,035 | 1,300 | 1,232 | 2,618 | 3,372 |
Imports of Goods and Services (Annual % Change) | 2 | -29 | 8 | 10 | n/a |
Exports of Goods and Services (Annual % Change) | -3 | -29 | 12 | 38 | n/a |
Trade Balance (million USD) | -3,071 | -2,126 | -2,683 | -3,618 | n/a |
Foreign Trade (in % of GDP) | 96 | 86 | 98 | 119 | n/a |
Imports of Goods and Services (in % of GDP) | 52 | 47 | 54 | 63 | n/a |
Exports of Goods and Services (in % of GDP) | 44 | 39 | 44 | 56 | n/a |
Source: WTO – World Trade Organisation ; World Bank - Latest available data.
Main Customers (% of Exports) |
2023 |
---|---|
France | 14.7% |
South Africa | 10.8% |
United States | 9.4% |
United Kingdom | 9.3% |
Madagascar | 7.3% |
Spain | 6.8% |
Italy | 4.6% |
Vietnam | 3.9% |
Netherlands | 3.7% |
India | 3.0% |
Kenya | 2.3% |
Germany | 2.0% |
Belgium | 1.8% |
Switzerland | 1.4% |
China | 1.4% |
United Arab Emirates | 1.4% |
Seychelles | 1.3% |
Japan | 1.1% |
Thailand | 1.0% |
Singapore | 0.9% |
See More Countries | 48.5% |
Main Suppliers (% of Imports) |
2023 |
---|---|
China | 15.8% |
United Arab Emirates | 11.1% |
India | 10.2% |
South Africa | 7.3% |
France | 6.1% |
Germany | 3.3% |
Japan | 3.1% |
Oman | 2.8% |
Spain | 2.4% |
Italy | 2.2% |
Brazil | 2.0% |
United States | 1.9% |
United Kingdom | 1.8% |
Belgium | 1.8% |
Malaysia | 1.7% |
Türkiye | 1.7% |
Australia | 1.5% |
Thailand | 1.5% |
Seychelles | 1.4% |
Indonesia | 1.4% |
See More Countries | 49.5% |
Source: Comtrade, Latest Available Data
Source: Comtrade, Latest Available Data
To go further, check out our service Import-Export Flows
2.6 bn USD of services exported in 2022 | |
---|---|
56.07% | |
Personal travelPersonal travel | 54.48% |
OtherOther | 32.36% |
Business travelBusiness travel | 1.59% |
17.09% | |
11.57% | |
7.44% | |
6.17% | |
1.29% | |
0.25% | |
0.07% | |
0.03% | |
0.02% |
2.0 bn USD of services imported in 2022 | |
---|---|
36.61% | |
22.87% | |
18.88% | |
Personal travelPersonal travel | 18.48% |
OtherOther | 44.51% |
Business travelBusiness travel | 0.41% |
7.35% | |
5.73% | |
3.94% | |
3.85% | |
0.61% | |
0.14% | |
0.02% |
Source: United Nations Statistics Division, Latest Available Data
Member of Common Market for Eastern and Southern Africa (COMESA)
Member of the African Continental Free Trade Area (AfCFTA)
Member of Indian Ocean Rim - Association for Regional Cooperation
Click here for a comprehensive list of trade agreements signed by Mauritius.
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Latest Update: November 2024
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