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Mauritius September Trade Deficit Widens 31% on Food, Fuels

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Nov. 21 (Bloomberg) -- Mauritius’s trade deficit widened 31 percent in September from a year earlier, led by higher food and fuel bills, Statistics Mauritius said.

The trade gap was 6.67 billion rupees ($229.1 million) compared with 5.09 billion rupees a year ago, the Port Louis-based data agency said in a statement on its website today.

Imports increased 17 percent to 12.86 billion rupees as costs for food and live animals jumped 23 percent and fuel expenses rose 16 percent, it said. Exports advanced 4.6 percent to 6.19 billion rupees, the agency said.

India is the Indian Ocean island nation’s biggest supplier, according to the agency. The U.K is the largest buyer of manufactured goods. South Africa is the country’s main regional trade partner, data shows.

Mauritius’s rupee reversed an earlier gain of 0.2 percent, trading 0.1 percent weaker at 29.20 rupees per dollar by 10:13 a.m. in the city, heading for its lowest closing level since Oct. 11, according to data compiled by Bloomberg.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis via Johannesburg at 1933 or gbell16@bloomberg.net

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

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