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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Morocco's Exports Of Phosphate Drops 12 Per Cent In H1 2014

Friday, July 18, 2014 > 08:53:55
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(Bernama News)



Morocco earned 17.55 billion dirhams (about US$2.13 billion) from exports of phosphate, the country's leading export commodity, in the first half of this year, according to the Foreign Exchange Office (FEO).



This is a decline of 12.1 per cent from the 19.98 billion dirhams earned during the same period of 2013, the FEO said in a report Wednesday on the foreign trade for the month of June 2014.



Morocco, the world's largest producer of phosphates, has three-quarters of the world's reserves of the mineral.



Revenues generated from phosphate exports and tourism as well as remittances by Moroccans abroad are the country's main sources of foreign exchange.


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