2025年：过渡之年

Core Viewpoint - Mauritius continues to face significant structural pressures in foreign trade in 2025, with a high trade deficit and fluctuating export performance impacting overall trade balance [1] Trade Performance - The import scale remains high, primarily in food, fuel, and machinery sectors, while exports show volatility, constraining trade balance [1] - Monthly trade deficit has shown fluctuations but overall has expanded, with October 2025 trade deficit reaching 22.1 billion rupees, the highest in nearly ten months due to increased imports [1] - In June 2025, the trade deficit was 19.1 billion rupees, with imports at 28.4 billion rupees and exports at 9.3 billion rupees, indicating a significant imbalance [1] - July 2025 saw a reduction in trade deficit to 14.5 billion rupees compared to June, although June exports experienced a year-on-year decline [1] Economic Outlook - The GDP growth rate for 2025 is projected at approximately 3.2%, indicating moderate growth [1] - Tax revenue from products is expected to increase, reaching 105.7 billion rupees for the year, a year-on-year growth of 12.1%, providing fiscal support to the government [1] - Private investment has declined, and public debt remains high, approximately 89.3% of GDP as of the end of September 2025, highlighting ongoing risks [1] Overall Assessment - 2025 is characterized as a transitional phase for Mauritius's foreign trade and economic operations, with tax revenue growth and moderate economic expansion offering some policy adjustment space [1] - Continuous reforms are necessary in export structure, competitiveness enhancement, and deficit financing management to alleviate long-term pressures from trade imbalances [1]