Morocco’s trade deficit increased by 56.1% at the end of August


Soukaina Sghir
Soukaina Sghir
1 Min Read

New numbers from the Exchange Office showed that the Moroccan trade deficit by 56.1% at the end of last August, compared to the same period of the last year, reached 214.76 billion dirhams.

According to the exchange office, imports amounted to more than 491.57 billion dirhams during the first eight months of the current year, compared to 339.56 billion dirhams at the end of August of last year, which present an increase of 44.8 per cent.

Exports increased by 37 percent, reaching 276.80 billion dirhams at the end of August of this year, while the monthly indicators of foreign trade for the same month recorded an average loss of 3.2 points, equivalent to 56.3%.

In the same matter, The exchange office revealed that the energy bill amounted to more than 103.05 billion dirhams at the end of August this year, compared to 45.16 billion dirhams during the same period last year.

The imports of semi-finished products increased by 53.1 percent, after the strong growth in ammonia purchases, which recorded an amount of  13.58 billion dirhams, in the other hand the imports of primary products increased by 69.5 percent, according to the exchange rate.

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