The Higher Commission for Planning (HCP) announced on its recent note that the international trade index (ICE) increased by 9.7% in the second quarter of 2021 compared to the same quarter of last year.
This rise is mainly due to the increase in unit values of “energy and lubricants” by 41.7%, “semi-finished products” by 9.5%, “crude products of mineral origin” by 40.3%, “food, beverages, and tobacco” by 7.4%, “Finished consumer products” by 2.4%, and “crude products of animal and plant origin” by 18.4%.
The export unit value index, for its part, increased by 8.2% in the second quarter of 2021 compared to the same quarter of the past year.
This increase is mainly explained by the rise in unit values of “semi-finished products” by 36.5%, “crude products of mineral origin” by 30.1%, “crude products of animal and plant origin” by 7.3%,” energy and lubricants “by 8.1% and” finished agricultural equipment products “by 12.3%.
Whereas, the indices of the average values of “finished consumer products”, “food, beverages and tobacco” and “finished products of industrial equipment” decreased by 3.0%, 4.6%, and 1.1% respectively, thus resulting in the overall increase of index of unit values of exports.
Previously, HCP announced a note on Morocco’s economy rising by 15.2% in the second quarter of 2021, compared to 14.2% recorded in the same quarter of the past year.
This result is mainly due to an increase of 18.6% in agricultural activity and an increase of 14.8% in non-agricultural activity.
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