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FINANCIAL NEWS
Morocco’s trade deficit grows by 6.5 percent
19 Jul 2016
(MENAFN) Morocco’s trade deficit increased 6.5 percent to USD8.72bn in H1 of this year, compared with the same period a year ago, due to higher imports.
Furthermore, equipment imports grew 15.4 percent to USD5.63bn, whereas auto imports were 43.3 percent higher at USD0.74bn.
Meanwhile, whole exports grew 1.6 percent from a year earlier to USD11.59bn, led by a 15 percent increase in auto exports, while phosphate sales dropped.
On the other hand, the N. African kingdom’s energy import bill declined to 31.6 percent or USD2.45bn, compared with a year earlier.
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