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23 DECEMBER 2020 AL CIRCLE

Seychelles’ import of Aluminium structures during 2018-20 denotes growth; expenditure tends downswing

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The economic condition of Seychelles has been pointed as alarming, as said by the Finance Minister in November’20, while detailing that the economic growth of the tourism-dependent nation may shrink by 13.5%, instead of the 10.8% previously foreseen due to the hardships brought by COVID-19.

Seychelles Import of aluminium structures

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The Island nation on the Indian Ocean, off East Africa, has been recorded with 402 tonnes of aluminium structures import in 2018-19 and the expenditure occurred for the import stood at $10.36 million. The import for 2020 remains at 342 tonnes and the expenditure stands to stand at $3.27 million. However, when the import volume and expenditure for 2020 gets summed with the preceding two years, it denotes 744 tonnes and $13.63 million respectively.

Seychelles’ import of aluminium structures in 2018 stood at 128 tonnes and the expenditure remained at $7.55 million, whereas, in 2019 the import saw growth by 114.06%, as the import rose to 274 tonnes, while the expenditure dropped to $2.81 million.

The import for 2020 has been measured with growth by 24.81%, as the import to remain high at 342 tonnes and the expenditure to stand at $3.27 million.

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Seychelles’ major trading destinations for the importation of aluminium structures are Greece, India, Turkey, South Africa, Italy, etc.


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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