Trade balance: deficit rises to MAD 91 billion at end of April 

This deficit results from an increase in imports of 37.8% to 230.05 billion dirhams, higher than the increase in exports which amounted to 139.01 billion dirhams (+34.2%), explains the Office of Foreign Exchange, noting that the coverage rate lost 1.6 point to 60.4%.

The office said that the increase in imports of goods concerns almost all categories of products, noting that the energy bill has more than doubled to reach 43.79 billion dirhams. This development follows the increase of 12.14 billion dirhams in the supply of gas-oil and fuel-oil due to the increase in prices that has almost doubled to 8,833 dirhams / ton against 4,490 dirhams / ton the previous year. At the same time, the quantities imported recorded an increase of 15.8%.

For their part, imports of semi-finished products increased by 53%, after the strong growth in purchases of ammonia. Imports of commodities increased by 72.6%, mainly due to the increase in purchases of crude and unrefined sulfur which tripled (+ 3.971 billion dirhams).

As for food imports, they increased by 25.4%, mainly due to the sharp increase in barley purchases (2.27 billion dirhams). Supplies of wheat increased by 16% due to the impact of the price, which rose by 38.8%. At the same time, volumes are down by 16.4%.

Regarding exports, their increase concerns the majority of sectors, including phosphates and its derivatives (+98.6% to 36.14 billion dirhams), the agricultural and food sector (+15.4% to 32.84 billion dirhams), and the textile and leather sector (+33.6% to 14.53 billion dirhams) and automobiles (+12.9% to 31.99 billion dirhams). 

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