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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.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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