The deficit reduces by 21.5 billion dirhams at the end of November 2023 – Morocco today

2024-01-01 13:02:00

The Foreign Exchange Office reveals that the drop in purchases of goods is due to the drop in imports of energy products by 21.4% to 110.97 billion dirhams, semi-finished products by 11.3% to 138.24 billion dirhams and raw products. by 23.6% to 31.26 billion dirhams.
On the other hand, imports of capital goods increased by 14.7%, from MAD 128.12 billion at the end of November 2022 to MAD 146.95 billion at the end of November 2023.
Imports of finished consumer products increased by 11.4%, mainly following the joint increase in purchases of parts and pieces for passenger cars by 27.4% and passenger cars by 17.9%.
Regarding supplies of food products, these amounted to MAD 81.1 billion, showing a slight increase of 1.2% compared to the end of November 2022.
As for exports, their evolution is due to a drop in exports of phosphates and derivatives (-38% to 67.22 billion dirhams), counterbalanced by the increase in sales in the automotive sector (+30.2% to 130. 64 billion dirhams), those of the electronics and electricity sector (+27.3% to 21.3 billion dirhams) and those of the textile and leather sector (+5.7% to 43.18 billion dirhams).

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