Rabat - Morocco's trade deficit was contracted by MAD 21.41 billion by May 2015, that is a 25.3% decrease compared to the same period last year, the Exchange Office said.
Rabat – Morocco’s trade deficit was contracted by MAD 21.41 billion by May 2015, that is a 25.3% decrease compared to the same period last year, the Exchange Office said.
The trade deficit balance stood at MAD 63.12 billion in May 2015, compared to MAD 84.54 billion the same period last year, the Exchange Office said.
The export/import coverage ratio stood at 59.1% compared to 50.4% in May 2014, the same source added.
This improvement is mainly driven by a 5.8% increase in exports, which reached MAD 91.03 billion in the second quarter of 2015 against AMD 86 billion last year, in addition to a 9.6% decrease in imports which totaled MAD 154.15 billion , compared to MAD 170.55 billion the same period a year earlier, the Office said.
