Morocco’s trade deficit is expected to widen to 17.6% of GDP in 2022, up by one percentage point compared to its level in 2021, according to the forecasts of the High Planning Commission (HCP).
The country’s trade gap would be the result of nominal growth in exports of goods of 10.7%, while imports would post an increase of 10.1% in 2022, HCP says in its 2022 economic forecasts.
In volume, national exports should consolidate their growth path following the dynamism of global business activities to post a growth of 7.2% against 9.5% in 2021.
For their part, imports should record a less significant increase in 2022, i.e. 7.8% against 11.2% in 2021, HCP notes.
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