Morocco’s trade deficit has slowed to 1.5% in 2019 partly due to a fall in energy imports and a rise in agricultural and automotive sector exports. The import bill was 491 billion dirhams while exports stood at 282 billion dirhams. The automotive sector, notably wiring segment, saw its exports rise 6.6% to 77 billion dirhams while agriculture and food sales increased 4.1% to 60.8 billion dirhams. The aeronautical industry sold 15.8 billion dirhams worth of exports, up 7.3% from a year earlier. Textile and leather exports dropped 2.3% amid talks with Turkey to review a free trade agreement which Moroccan textile manufacturers blame for their losses.

Source: The North Africa Journal February 06, 2020 09:33 UTC