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FinancialNews


  • 13-06-19

    5 percent jump in Moroccan trade deficit

    (MENAFN) Morocco stood at USD7.08 billion in its trade deficit from January to April 2019, marking a 5 percent boost from USD6.7 billion.

    Statistics the Moroccan foreign currency regulatory office issued indicated that this surge is attributed to hikes by 7.5 percent, or USD17.54 billion, in imports.

    According to the office, during the four-month period, the coverage rate locked 59.9 percent compared to the 60 percent posted during the same period in 2018.

    It further added that Morocco registered a surge by 7 percent in energy imports as well as a jump by 2.1 percent in raw material imports and a 7.2 percent increase in equipment products.

    MENAFN1306201900450000ID1098637483

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