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FINANCIAL NEWS
Morocco’s trade deficit grows by 6.1 percent
18 May 2016
(MENAFN) Morocco’s trade deficit jumped to 6.1 percent to reach USD 5.5bn in the Jan-April period of this year compared to the same period of 2015 due to higher imports.
Moreover, wheat imports grew as bad weather affected the regional harvest this year, as of which imports were 10.6 percent up from a year earlier.
In addition, whole exports increased 3 percent from a year earlier to USD 7.93bn, driven by a 15 percent rise in auto exports.
On the other hand, tourism receipts grew by 6.2 percent, while remittances from the 4.5mn Moroccans living abroad were 4 percent up to USD 2.0bn.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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