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Morocco’s trade deficit narrowed by 16.2% to more than 85.58 billion dirhams (billion dirhams) during the first six months of 2020, according to the Foreign Exchange Office.
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This reduction is explained by the respective decreases in imports and exports of goods from 17.5% to 206.89 billion dirhams and from 18.3% to 121.3 billion dirhams, specifies the Foreign Exchange Office in its bulletin on indicators. of foreign trade at the end of June, noting that quarter on quarter, the drop is 25.1% for imports and 23% for exports.
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On the other hand, the coverage rate registered a slight decrease of 0.6 points to 58.6%, adds the same source.
The decline in imports of goods is explained by the drop in purchases of almost all product groups in this case, of finished consumer products (-14.3 billion dirhams), capital goods (-13, 14 billion dirhams), energy products (-12.04 billion dirhams), semi-finished products (-8.8 billion dirhams) and crude products (-2.07 billion dirhams). Purchases of food products, on the other hand, increased by MAD 6.7 billion.
Regarding exports, their decline follows the decrease in sales of almost all sectors, in particular the automobile (-33% to 28.14 billion dirhams), textiles and leather (-34.9% to 12 , 31 billion dirhams), aeronautics (-18.1% to 6.94 billion dirhams), agriculture and agro-food (-4.3% to 33.15 billion dirhams), other mining extractions (-29 , 7% to 1.568 billion dirhams), phosphates and derivatives (-2% to 24.99 billion dirhams), electronics and electricity (-5.2% to 4.8 billion dirhams) and other industries (-19.7 billion dirhams) % at 9.39 billion dirhams).
The balance of trade in services showed a surplus down 20.8% to 32.2 billion dirhams, said the Foreign Exchange Office, noting that exports and imports of services fell by 21.6% and 22 respectively, 4%.
:quality(80)/cdn-kiosk-api.telegraaf.nl/8ed85732-d7f5-11ea-b5a0-0218eaf05005.jpg?resize=150%2C150&ssl=1 "Child shot at schoolyard Barneveld Inland")
