Morocco: import prices fall in the third quarter of 2024

Morocco: import prices fall in the third quarter of 2024
Morocco: import prices fall in the third quarter of 2024

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 import prices mainly results from the decrease in unit values ​​of energy and lubricants by 13.1%, finished industrial equipment products by 4%, food, beverages and tobacco by 4. 5% and raw products of animal and plant origin 7.3%.

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In an information note relating to foreign trade indices (ICE), the HCP specifies that this drop is attenuated by the increase in semi-finished products (+7.4%), finished consumer products (+3.3% ), raw products of mineral origin (+0.8%) and finished agricultural equipment products (2.3%).

Concerning the increase in the export unit value index, it is mainly explained by the increase in semi-finished products of 7.2% and energy and lubricants of 3.3%.

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On the other hand, this index fell in food, drinks and tobacco (-4.8%), raw products of mineral origin (-12.5%), finished industrial equipment products (-2.2 %), finished consumer products (-0.5%), raw products of animal and plant origin (-11.2%) and finished agricultural equipment products (-11%).

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