A cargo ship in Tangier Med. Credit: AFP
The index of unit values for imports fell by 1.6% and that for exports increased by 0.5% in the 3rd quarter of 2024, according to the High Commission for Planning (HCP).
The drop in the index of unit values for imports mainly results from the decrease in unit values of energy and lubricants by 13.1%, finished products of industrial equipment by 4%, food, beverages and tobacco by 4.5% and raw products of animal and plant origin by 7.3%, explains the HCP in an information note relating to foreign trade indices (ICE). The indices of the average values of semi-finished products, finished consumer products, raw products of mineral origin and finished agricultural equipment products increased respectively by 7.4%, 3.3%, 0.8% and 2.3%, thus mitigating the drop in the overall import index, notes the same source.
Concerning the increase in the export unit value index, it is mainly explained by the increase in the unit values of semi-finished products by 7.2% and energy and lubricants by 3.3%.
On the other hand, this index fell in food, beverages and tobacco by 4.8%, raw products of mineral origin by 12.5%, finished products of industrial equipment by 2.2%, finished products consumption by 0.5%, raw products of animal and plant origin by 11.2% and finished agricultural equipment products by 11%.
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