We refer to the latest External Trade figures published by the CSO (Central Statistics Office).
We would like to share with you the performance of total exports of the country for the 1st semester 2021 as compared to same period in 2020 and 2nd Quarter 2021 compared to corresponding quarter in 2020.
The External Trade statistics cover:
- Domestic exports defined as goods of national origin, that is goods produced in the exporting country.
- Re-exports which are exported in the same condition as imported or after undergoing minor operations which leave them essentially unchanged and include re-exports from customs bonded warehouses.
- Ship’s Stores and Bunkers (SSB)
External Trade – Total Exports :
Total exports, including re-exports, exports from freeport and ship's stores & bunkers, for the second quarter of 2021, amounted to Rs 19,447 million, representing an increase of 58.7%, compared to the same quarter of 2020. For the first semester of 2021, total exports were higher by 17.9%, compared to the first semester of 2020.
- The trade deficit for the second quarter of 2021 stood at Rs 28,350 million, 29.1% higher than the deficit of Rs 21,954 million of the corresponding quarter of 2020 and 4.9% higher than the deficit of Rs 27,037 million of the previous quarter.
- The trade deficit for first semester of 2021 works out to around Rs 55,387 million, 17.9% higher than the deficit of Rs 46,960 million for the first semester of 2020.
EOE Exports: Exports of Export Oriented Enterprises (EOE) – 2nd Quarter 2021:
- EOE Exports in the 2nd Quarter 2021 amounted to Rs 10,428 million, compared to Rs 9,435 million in the previous quarter (+10.5%) and to Rs 5,273 million in the corresponding quarter of 2020 (+97.8%).
- Compared to the first semester of 2020, exports of EOE increased by 34.5%, from Rs 14,770 million to Rs 19,863 million in the first semester of 2021.
Exports by country of destination (Table 7) – 2nd Quarter 2021:
- Analysis of exports figures by country of destination for the second quarter of 2021 showed that the European countries were our main buyers, purchasing some 42.2% of our exports for a value of Rs 7,045 million.
- Among countries, the major destinations for our exports were South Africa (13.8%), United Kingdom (10.9%), U.S.A. (8.1%), France (8.1%), Madagascar (7.5%), Spain (6.1%) and Reunion (4.1%).
- Compared to the corresponding quarter of 2020, changes in exports to main markets were: South Africa (+209.1%), Reunion (+131.3%), Spain (+108.4%), United Kingdom (+71.8%), Madagascar (+46.0%), France (+36.1%) and U.S.A (+29.8%).
- Compared to the corresponding semester of 2020, changes in exports to main markets in the first semester 2021 were: Reunion (+121.7%), South Africa (+89.2%), United Kingdom (+36.6%), Spain (+20.8%), France (+19.6%), Madagascar (+17.5%), and U.S.A (-6.5%).
Please note that more detailed specific Export Oriented Enterprises (EOE) statistics will be published on 27th September 2021.