Morocco’s trade deficit stood at MAD 234.4 billion in the first nine months of this year, up 53.3% compared to the same period a year earlier, according to the Office des Changes (Foreign Exchange Office).
Imports have increased by 43.8% to nearly MAD 552.38 billion and exports have improved by 37.4% to 317.89 billion, said the Office, which has just published its monthly indicators of foreign trade in September, adding that the coverage rate has lost 2.6 points to 57.6%.
In detail, the increase in imports of goods following the increase in purchases of energy products (+62.82 million dirhams), semi-products (+43 million dirhams), food products (+23.1 million dirhams), capital goods (+17.65 million dirhams), raw materials (+13.66 million dirhams) and finished consumer goods (+7.8 million dirhams), the same source said.
With regard to exports of goods, their increase includes phosphates and derivatives (+36.68 billion dirhams), automotive (+20.1 billion dirhams), agriculture and food (+10.55 billion dirhams), textiles and leather (+7 billion dirhams), aeronautics (+5.6 billion dirhams), electronics and electricity (+3.38 billion dirhams)
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