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 JanuaryTuesday, February 17, 2015 > 16:45:52
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.