Daily News  :: North Africa

Morocco's trade deficit up 6.9 percent

Published: 04-JAN-07

MAPUTO � Morocco's trade deficit rose by 6.9 percent last year stabilising at E7.8bn ($10.26bn) by November, despite an increase in exports, the Exchange Office said here.

The Office, which is controlled by the Finance Ministry, said the deficit was E7.1bn ($9.34bn) during the same period in 2005.

It said the trade deficit was exacerbated by Morocco's oil import, which amounted to E2.1bn ($2.76bn), an increase of 4 percent compared to the same period in 2005.

The report said Morocco's total imports rose to E16.8bn ($22.09bn) in 2006, against E15.3bn ($20.01bn) in 2005.

Exports increased by 13.1 percent at E9bn ($11.83bn), boosted by phosphates and by-products, up 14 percent.- Panapress

Print this page Send this article to a friend

Market news on your cellphone
Get live JSE listed shares, warrants, major indices, brent crude oil, international markets, agricultural futures & daily market analysis via SMS on your mobile.
Find out more...

Energy in Africa
Energy in Africa is an intelligent and in-depth look at how energy impacts people, places, projects, price and development around the African continent.
Subscribe now...

African Business Leaders Forum
African business and public sector leaders define and construct a prosperous future for the continent.
Find out more...

Online travel bookings
Planning to travel? Book accommodation in Africa & South Africa here.
Book now...

Contact us | Advertising | Subscriptions | Newsletter | About us | Employee Email

All material copyright Business in Africa. All rights reserved. Material may not be published or reproduced in any form without prior written permission. Read these terms & conditions. Read our privacy statement and security statement. Powered by Mail & Guardian Online & iafrica.com. The domains businessinafrica.net, energyinafrica.net are owned by Business in Africa.