The trade deficit continues to narrow. At the end of last March, it stood at 61.9 billion DH, or -14.6% during the first three months of 2024, according to the Foreign Exchange Office.
This reduction covers a drop in imports of goods of 4% to 175.47 billion DH and an increase in exports of 3% to 113.56 billion DH, specifies the Foreign Exchange Office in its bulletin on monthly trade indicators. exteriors. In this context, the coverage rate rises by 4.4 points to stand at 64.7%.
In detail, the Foreign Exchange Office explains the drop in imports by the decline in gross products by 22.3% to 7.19 billion DH, energy products by 13.6% to 28 billion DH and food products. by 7.7% to 21.88 billion DH, while purchases of finished equipment products increased (+2.2% to 41.24 billion DH) as did those of finished consumer products (+0 .8% to 39.35 billion DH).
At the same time, aeronautics exports increased by 13.7% to 5.8 billion DH, the largest increase, ahead of automobiles (+13.1% to 38.34 billion DH) and electronics and electricity (+5% to 6 billion DH). On the other hand, exports of “other mining”, “textiles and leather”, “agriculture and agro-food” and “phosphates and derivatives” fell respectively by 22% to 1.14 billion DH, 3.7% to 11.69 billion DH, 3% to 25.62 billion DH and 2.3% to 17.63 billion DH.
