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FinancialNews


  • 18-12-16

    Morocco's trade deficit grows by 18pct

    (MENAFN) Morocco's trade deficit increased by 18 percent to USD16.43bn in the Jan-Nov period of this year compared with the same period of 2015.

    Moreover, equipment imports increased by 25.5 percent to 106.71bn dirhams, whereas auto imports were 31.8 percent higher at 12.92bn dirhams.

    In addition, wheat imports also grew as bad weather hurt the regional harvest last year, growing 37.5 percent from a year earlier to 11.22bn dirhams.

    However, the energy import declined by 20 percent to 49.19bn dirhams compared with a year earlier due to lower prices in global market.

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