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FINANCIAL NEWS
Trade deficit in Morocco grows by 19.6pct
17 Jan 2017
(MENAFN) Morocco’s trade deficit increased by 19.6 percent to USD18.37bn in 2016 compared with a year ago, in addition to increased imports.
Moreover, equipment imports rose 27.5 percent to 119.33bn dirhams, while auto imports were 29.5 percent higher at 14bn dirhams.
In addition, wheat imports also jumped as bad weather hurt the regional harvest in the cited year, growing 49.4 percent from a year earlier to 12.78bn dirhams.
However, the energy import bill dropped 17.7 percent to 54.4bn dirhams compared with 2015 due to lower prices in the global market.
M
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