Morocco’s exports up 11.5 percent in 1H 2002
Morocco exported 11.5 percent more merchandise in the first half of 2002 compared to figures from the same period last year. The simultaneous 2.5 percent decrease in imports caused the nation’s trade balance to drop to 17.8 billion Moroccan dirhams compared to MD 23.8 billion ($1.6 billion) in the first half of 2001, stated the Kingdom’s foreign trade bureau.
The nation’s exports totaled MD 43.5 billion in the fist six months of the year compared to MD 39 billion in 2001. The gains were attributed to an increase of phosphate, semi-manufactured products, food, raw minerals, animal and vegetable bi-products sales.
Moroccan exports rose by nearly four percent in the first quarter of the year. At the same time, imports to the North African state dropped six percent. — (menareport.com)
© 2002 Mena Report (www.menareport.com)