On the finish of November 2022, Morocco’s commerce deficit was 104.11 billion dirhams (MMDH), a rise of 56.9% in comparison with the identical interval a yr earlier, in line with the Ministry of International Affairs.

Imports elevated by 42.3% to greater than 676.81 billion dirhams, whereas exports improved by 33.1% to 389.76 billion dirhams, in line with the workplace, which simply launched its month-to-month overseas commerce figures for November, noting that the extent of protection misplaced 3.9 factors to 57.6%.

The rise in items imports follows a rise in purchases of all commodity teams, the Workplace notes, clarifying that the power invoice greater than doubled to 141.55 billion dirhams on the finish of November 2022.

As for imports of semi-finished merchandise, it elevated by 49.1% following a powerful enhance in ammonia purchases (19.29 billion dirhams towards 6.30 billion dirhams).

Imports of meals merchandise, in flip, elevated by 48.8% because of a rise in wheat provides, which just about doubled underneath the affect of costs, which elevated by 44.5%. On the identical time, the amount of imports elevated by 35.6%.

The import of uncooked supplies elevated by 54.1%. This follows a rise in purchases of uncooked and unrefined sulfur.

As for exports of products, their enhance issues most sectors, particularly phosphates and derivatives, automotive business, agriculture and agri-food business, textiles and leather-based.

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