Maghreb Arab Press

Morocco’s Trade Deficit Down by 6.6% in January (Exchange Control Office)

Rabat  -  
Morocco's trade deficit decreased by 6.6% in January 2018 to 9.1 billion Dirhams (DH) against 9.8 billion DH a year earlier, the Exchange Control Office said.

Imports amounted to 39.9 billion DH (+ 5.3%), while exports grew by 9.5% to 30.8 billion DH, the source noted, adding that the coverage rate of imports by exports increased from 74.2% in Jan. 2017 to 77.1% in Jan. 2018.

The increase in imports is due to a rising energy bill (+ 7%) and higher food prices (+ 32%), the source said.

According to the Exchange Control Office, exports of the aeronautical sector grew by 14.9% while those of phosphates and by-products increased by 16.4%. Exports of the automotive industry grew by 9.1%, while those of the pharmaceutical industry increased by 7.3%.

Last modified : 02 March 2018

ROYAL MULTIMEDIA LIBRARY

You are missing some Flash content that should appear here! Perhaps your browser cannot display it, or maybe it did not initialize correctly.

Multimedia library

  • You are missing some Flash content that should appear here! Perhaps your browser cannot display it, or maybe it did not initialize correctly.

  • See [+]