2023-10-01 14:40:47
LImports fell by 3.9% to MAD 471.86 billion and exports increased by 0.2% to more than MAD 280 billion, specifies the Foreign Exchange Office in its bulletin on monthly indicators of foreign trade. Thus, the coverage rate gained 2.4 points to stand at 59.3% compared to 56.9% a year earlier, adds the same source. The decline in imports of goods follows, essentially, the drop in purchases of energy products, semi-finished products and raw products, explains the Foreign Exchange Office. Indeed, the energy bill fell by 22.6% to MAD 79.47 billion at the end of August 2023. Imports of semi-finished products, for their part, showed a drop of 13.5%, following the reduction in purchases of ammonia (5.44 billion dirhams once morest 13.58 billion dirhams).
Likewise, imports of raw products fell by 25.4% to 23.89 billion dirhams.
As for imports of food products, these show virtual stability at 60.15 billion dirhams.
On the other hand, imports of finished consumer products increased by 14.1%, mainly following the joint increase in purchases of parts and pieces for passenger cars by 31.4% and passenger cars by 28.8%. .
For their part, imports of capital goods increased by 16.6% to MAD 104.28 billion at the end of August 2023.
Concerning exports, their increase mainly concerns automobiles, electronics and electricity and textiles and leather.
On the other hand, sales of phosphates and derivatives and those of aeronautics are falling.
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#trade #deficit #narrows #August
