Overview: In 2018 Mauritius was the number 127 economy in the world in terms of GDP (current US$), the number 128 in total exports, the number 125 in total imports, and the number 82 most complex economy according to the Economic Complexity Index (ECI). In 2018, Mauritius exported $2.69B and imported $5.8B, resulting in a negative trade balance of -$3.12B. In 2018, Mauritius's exports per capita were $2.12k and its imports per capita were $4.59k.
In 2018 Mauritius exported a total of $2.69B, making it the number 128 exporter in the world. During the last five reported years the exports of Mauritius have changed by -$290M from $2.98B in 2013 to $2.69B in 2018.
In 2018 Mauritius imported $5.8B, making it the number 125 trade destination in the world. During the last five reported years the imports of Mauritius changed by $166M from $5.64B in 2013 to $5.8B in 2018.
In 2018, Mauritius exported $3.13B worth of services. The top services exported by Mauritius in 2018 were Personal travel ($1.28B), Business travel ($605M), Miscellaneous business, professional, and technical services ($552M), Air transport ($298M), and Financial services ($140M).
The top services imported by Mauritius in 2018 were Personal travel ($602M), Miscellaneous business, professional, and technical services ($504M), Air transport ($390M), Other transport ($231M), and Auxiliary services ($55M).
This section shows forecasts for total product exports and imports for Mauritius. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Mauritius are:115: Common Market for Eastern and Southern Africa (Group I) FTA Member States116: Common Market for Eastern and Southern Africa (Group II) Non-FTA Member States136: Most Favoured Nation duty rate treatement218: Preferential tariff for European Union countries240: Preferential tariff for Indian Ocean Commission (IOC) member states284: Preferential tariff for Pakistan322: Preferential tariff for Turkey347: Regional Preferential tariff for SADC countries
During the last 20 years Mauritius's economy has become relatively more complex, moving from the 84th to the 82nd position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Mauritius has a high level of specialization in Vanilla (167), Non-Retail Carded Wool Yarn (164), Other Animals (127), Processed Fish (118), and Sulfites (110). Specialization is measured using RCA, an index that takes the ratio between Mauritius observed and expected exports in each product.
The top export opportunities for Mauritius according to the relatedness index, are Crustaceans (0.22), Packing Bags (0.22), Processed Crustaceans (0.21), Knit Men's Coats (0.21), and Molluscs (0.21). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Mauritius is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Mauritius
