Rabat – Morocco’s exports grew 15.4% in the January-November period from a year ago to 154.77 billion dirhams thanks to the booming increase in the exports of phosphates and its by-products, official data showed on Monday.
The exports of phosphates and its by-products jumped by 36.1% and 35.7% respectively, compared with a year ago, said Morocco’s exchange rate monitoring body the Office des Changes.
During the same period, raw materials increased by 23.7%, half products (28.3%), finished equipment (8.1%) and finished products for consumption (8%), while exports of “food, beverages and tobacco” and industrial gold fell by 8.8% and 68.1% respectively.
Imports rose 19.7% to 321.26 billion dirhams as energy import bill jumped by 34% compared with a year ago.
Imports of raw materials grew 37.3%, half products 22.6%, while those of finished goods and equipment rose 2.5%.
Increases were also recorded in imports of finished consumption goods (10.8%) and food, beverages and tobacco (27.9%).
Following these indicators, the trade balance deteriorated by 24.1% to 166.48 billion dirhams in the first eleven months of 2011.
