The Moroccan trade deficit rose by 56.4% in the Jan.-Oct. period from a year ago to 260.84 billion dirhams, according to official figures.
The foreign exchange regulatory authority “Office des Changes” said that Moroccan imports increased by 44.2% to over 614.93 billion dirhams, and exports have improved by 36.4% to 354.09 billion dirhams, said the body which published its foreign trade indicators, noting that the coverage rate lost 3.3 points to 57.6%.
The increase in imports of goods follows the rise in purchases of energy products (+68.99 billion dirhams), semi-processed products (+47.99 billion dirhams), foodstuffs (+25.92 billion dirhams), raw products (+14.14 billion dirhams), and finished consumer goods (+10.57 billion dirhams).
Regarding the exportation of goods, its growth concerns all sectors, namely phosphates and derivatives (+38.72 billion dirhams), the automotive industry (+23.92 billion dirhams), agriculture and agri-food (+11.11 billion dirhams), textile and leather (+7.35 billion dirhams), the aerospace industry (+5.52 billion dirhams), and electronics and electricity (+4.07 billion dirhams).