Morocco’s Trade Deficit Worsens by 39.8 percent in 2000
Morocco’s trade balance recorded in 2000 a deficit valued at 45 billion DH ($4.28 billion), which is 39.8 percent higher than in 1999, Morocco’s official news agency reported Saturday.
Citing official figures, Morocco’s imports reached in 2000 $11.52b, increasing by 14.3 percent compared to the previous year. Exports only progressed by 3.1 percent to reach $7.22b in 2000.
Moroccan imports were still dominated by crude oil, accounting for 64.5 percent in 2000.
Sales by state owned phosphates group (OCP) which normally make the bulk of exports were stable around $1.26 billion – Albawaba.com