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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 trade gap narrows by a third in January

Tuesday, February 17, 2015 > 16:45:52
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RABAT (Reuters)

Morocco's trade deficit narrowed by nearly a third year on year in January, the Foreign exchange regulator said on Tuesday, reflecting lower energy imports as oil prices fell.

The trade gap was 11.5 billion dirhams ($1.21 billion), 31.6 percent smaller than in January 2014.

Energy imports fell 44.7 percent while total imports were down 14 pct.

Exports rose 5.8 percent, led by a 10.5 percent rise in auto sales.

Tourism receipts declined 12.8 percent while remittances from the 4.5 million Moroccans living abroad rose 2.6 percent.

 


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