Morocco's trade deficit fell for the fourth consecutive month, shrinking 7.2 percent year-on-year in the first nine months of this year to 215.7 billion dirhams ($20.9 billion), according to monthly statistics from the Office des Changes, the government body in charge of foreign trade.
The decline was driven by lower imports, especially energy, despite a year-on-year decline in exports. The Kingdom's imports between January and September amounted to 530.9 billion dirhams, down 4 percent year-on-year, while exports approached 315.1 billion dirhams, a slight decrease of 1.6 percent.
Energy imports played a role in reducing the trade deficit, falling by 20.9 percent as prices and imported quantities fell, and the value of energy imports recorded 91 billion dirhams by the end of September.
Source (Asharq Bloomberg Website, Edited)
