The Kingdom’s trade deficit widened over the first seven months of the current year (+1.1%) to 169 billion DH, compared to 167.15 billion DH for the same period a year earlier, according to the Foreign Exchange Office.
This increase covers a rise in imports of goods of 3.7% to 431.45 billion DH and a rise in exports of 5.5% to 262.44 billion DH, specifies the Foreign Exchange Office in its latest bulletin on monthly indicators of foreign trade. In this context, the coverage rate gained 1 point to 60.8%.
The increase in imports is driven by the increase in finished equipment products by 9.1% to 101.08 billion DH, semi-finished products by 8.6% to 94.61 billion DH, and finished consumer products by 3.6% to 96.07 billion DH, combined with the decrease in particular in raw products (-8.5% to 18.76 billion DH) and energy products (-4.1% to 66.81 billion DH).
Concerning aeronautics exports, they increased by 20.3% to 15.34 billion DH, the highest increase, ahead of phosphates and derivatives (+14.1% to 46.16 billion DH and automobiles (+8.5% to 92.75 billion DH). On the other hand, exports of “textiles and leather”, “other industries”, “electronics and electricity” and “agriculture and agri-food” fell respectively by 2.1% to 27.94 billion DH, 3.3% to 15.82 billion DH, 2.6% to 10.18 billion DH and 0.9% to 51.13 billion DH.
