Morocco Trade Gap Widens 35.8%
Morocco Trade Gap Widens 35.8%

Morocco Trade Gap Widens 35.8%

Morocco Trade Gap Widens 35.8%

Morocco’s trade deficit rose 35.8% to 40.23 billion dirhams ($4.14 billion) in the first quarter of 2017 compared to a year earlier, the exchange office announced, Albawaba reported. The office said that the trade gap increased from 29.62 billion dirhams in the same period last year, with spending on equipment imports rising 10.9% to 40.4 billion dirhams, while energy imports rose 47.8% to 22.66 billion dirhams. Wheat imports fell 10.2% from a year earlier to 5.34 billion dirhams, while total exports grew 3.2% year-on-year to 114.9 billion dirhams due to a 11.5% increase in phosphate exports reaching14.2 billion dirhams. Tourism revenues fell 4.7% and remittances from the 4.5 million Moroccans living abroad fell 3.2% to 18.51 billion dirhams, while foreign direct investment rose 4.5% to 7.79 billion dirhams.


Short URL : https://goo.gl/0EHr3A
  1. https://goo.gl/p4GQqm
  • https://goo.gl/BXs5MP
  • https://goo.gl/18BlLK
  • https://goo.gl/WPAit7
  • https://goo.gl/5brc2t

You can also read ...

India’s economy has the potential to grow at 8% over the next 20 years.
A new UN report flags subdued private investment in India as a...
Southeast Asia Internet Economy to Reach $50b
Digital businesses can’t afford to ignore Southeast Asia,...
The Norges Bank, Fed, BoE, ECB and SNB collectively set borrowing costs for more than a third of the world economy.
Wall Street economists are telling investors to brace for the...
Afghan Reforms Showing Progress
The International Monetary Fund has praised the Afghan...
Fears of Bubble in World’s Biggest Stocks
The world’s biggest companies could be hiding the biggest...
Petrol prices are set to increase by about 80%.
Saudi Arabia plans to raise domestic petrol and jet fuel...
Russia: Sanctions Worst Form of Protectionism
Russian economy minister has urged the World Trade...
That decision to leave the EU prompted a sharp 15% fall in the pound, which raised the cost of imported goods, notably food and oil.
Consumer price inflation hit a near six-year high of 3.1% in...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.