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FINANCIAL NEWS
Morocco’s trade deficit grows by 14.3pct
18 Oct 2016
(MENAFN) Morocco’s trade deficit increased by 14.3 percent to USD13.7bn in the Jan-Sep period of this year compared with the same period of 2015, due to higher imports.
On the other hand, equipment imports rose by 22.1 percent to 84.93bn dirhams, whereas auto imports were by 39 percent higher at 10.7bn dirhams.
However, the North African Kingdom”s energy import bill dropped by 22.7 percent to 39.4bn dirhams compared with a year earlier due to lower prices in the global market.
Meanwhile, tourism receipts rose by 5.8 percent, while remittances from the 4.5mn Moroccans living abroad stood at 4.5 percent up to 48.28bn dirhams.
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