Morocco’s import unit value index declined by 1.6% in the third quarter of 2024, while export prices edged up 0.5%, according to the High Commission for Planning (HCP).
The drop in import values was driven by a 13.1% plunge in energy and lubricant prices, alongside decreases in finished industrial equipment (-4%), food, beverages, and tobacco (-4.5%), and raw animal and plant products (-7.3%), the HCP said in a note on foreign trade indices.
Partially offsetting these declines were gains in semi-finished products (+7.4%), finished consumer goods (+3.3%), raw mineral products (+0.8%), and agricultural equipment (+2.3%), helping moderate the overall contraction.
On the export front, higher unit values for semi-finished products (+7.2%) and energy and lubricants (+3.3%) bolstered the index. However, these were counterbalanced by declines in key sectors, including food, beverages, and tobacco (-4.8%), raw mineral products (-12.5%), finished industrial equipment (-2.2%), and agricultural equipment (-11%).
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