Reuters
Morocco’s trade deficit narrowed 6.8 percent year on year in the 11 months to November, data
showed, reflecting lower energy imports as oil prices fell and a surge in exports of cars and electronics.
The trade gap was 170 billion Moroccan dirhams ($19.2 billion) with exports up 6.7 percent and imports down 0.3 percent, the foreign exchange regulator said on Tuesday.
Auto and electronics exports rose 27.5 percent and 25.3 percent respectively. Energy imports fell 8.3 pct and wheat imports rose 49.4 pct after bad weather slashed the Moroccan
harvest.
Tourism receipts increased 0.2 percent while remittances from the 4.5 million Moroccans living abroad rose 1.3 percent.
Figures are in billions of dirhams:
| Descriptions | Jan-Nov 2014 | Jan-Nov 2013 | Jan-Oct 2014 |
|---|---|---|---|
| Exports | 180.69 | 169.40 | 164.59 |
| Imports | 350.69 | 351.81 | 324.27 |
| Balance | -170.00 | -182.41 | -159.69 |
| Migrant Remittances | 54.05 | 53.37 | 49.84 |
| Tourism Receipts | 53.54 | 53.42 | 49.89 |
| Foreign Direct Investment | 26.08 | 23.59 | 20.97 |
(Reporting By Aziz El Yaakoubi; editing by John Stonestreet)
