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Tag: Trade deficit
Morocco’s trade deficit shrinks in 2023 following record exports
Morocco’s trade deficit shrank 7.5% in 2023 thanks to a record performance by the tourism and automotive sector and higher remittances from Moroccans abroad. The ... Read More
Morocco narrows its trade deficit by 7.6% in November
Morocco cut its trade deficit by 7.6% in November thanks to higher exports of the automotive sector and lower energy prices. Morocco’s imports stood at ... Read More
Morocco’s trade deficit narrows on lower energy imports
Morocco’s trade deficit shrank 6.5% as the country’s energy imports dropped 20%, Morocco’s foreign exchange office said. Energy imports stood at 69 billion dirhams, offsetting ... Read More
Energy, commodities imports deepen Morocco’s trade deficit
Morocco’s trade deficit deepened 56% to 215 billion dirhams ($20 billion) up to August amid soaring prices of refined energy products, wheat and ammonia in ... Read More
Kenya’s fresh avocados hit Chinese market amid hopes of tackling trade deficit
Kenya has started exporting its fresh avocados — dubbed as "green gold" — to China, which is seen as a step in Beijing’s elaborate plan ... Read More
World Bank: Tunisia’s trade deficit continues to widen amid soaring inflation
The trade deficit in Tunisia widened by record 56% in the first semester of 2022, reaching 8.1% of GDP, while the budget deficit, exacerbated by ... Read More
Morocco’s trade deficit expands due to expensive energy imports
Morocco’s trade deficit up to June surged to 150.5 billion dirhams or 14.6 billion dollars as the country sustains a heavy energy bill on the ... Read More
Morocco’s trade deficit eases 23.1%, tourism receipts halve
Morocco’s trade deficit shrunk 23.1% as the pandemic lowered both imports and exports with tourism being the worst hit sector. Tourism revenues dropped 53.8% to ... Read More
Morocco’s trade deficit eases by 18.2% in July
Morocco’s trade deficit in the first seven months this year eased by 18.2% as foreign demand on Moroccan industrial exports curbs imports, the foreign exchange ... Read More
Morocco’s trade deficit eases 12% in May
Morocco’s trade deficit shrunk 12% in May as the coronavirus pandemic reduced demand both for imports and exports, the foreign exchange agency said. The 16.9% ... Read More