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FINANCIAL NEWS
Morocco’s trade deficit grows 10.1 percent in Jan-Feb
17 Mar 2016
(MENAFN) Morocco’s trade debt increase 10.1 percent to USD 2.17bn in the Jan-Feb period of 2016, due to higher imports, compared to a year earlier.
Moreover, the trade gap was up from USD 1.96bn at the end of Feb 2015, as equipment imports increased 14.4 percent to USD 1.53bn.
Additionally, whole exports increased 1.2 percent from a year earlier to USD 3.70bn, led by 10 percent grow in auto exports.
On the other hand, tourism receipts rise by 1.1 percent, whereas payments from the 4.5mn Moroccans living abroad were at USD 0.95bn.
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