Morocco’s index of import unit values rose by 30.2% in the second quarter of 2022 compared to the same period in 2021, said the High Commission for Planning (HCP) on Monday.
This increase is mainly due to the rise in unit values of energy and lubricants by 95.0%, semi-finished products by 32.8%, food, beverages, and tobacco by 39.4%.
Raw products of mineral origin rose by 125.7%, finished consumer products by 9.7% and raw products of animal and vegetable origin by 36.6%, added HCP.
The index of export unit values also rose by 28.0% in the second quarter of 2022 compared to the same quarter last year, said the same source.
This increase is mainly due to the rise in unit values of semi-finished products by 92.6%, finished consumer products by 6.9%, raw products of mineral origin by 30.0%.
Finished industrial equipment products exports rose by 8.0%, raw products of animal and vegetable origin by 38.7% and food, beverages and tobacco by 2.9%, added the same source.
Trade in Morocco has performed well, despite the international context of the Russia-Ukraine war, which caused disruptions in global markets.
Previously, HCP said taking into account the 5.3% increase in taxes on products net of subsidies, the Moroccan Gross Domestic Product (GDP) in volume increased by 2% during the second quarter of 2022, instead of 14.2% recorded last year.
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