Rabat - Brazilian imports from Morocco increased from USD 655.3 million in 2016 to more than USD 867.6 million in 2017, recording an increase of 32.40 percent.
Rabat – Brazilian imports from Morocco increased from USD 655.3 million in 2016 to more than USD 867.6 million in 2017, recording an increase of 32.40 percent.
In 2017, Brazil imported mainly industrial products, chemicals, and by-products from Morocco with a total value of USD 867 million against USD 502.2 million in 2016, said the Brazilian Ministry of Development, Industry, and Trade.
Frozen sardines came in second place with nearly USD 55.5 million, up 35.49 percent from USD 40.9 million in 2016.
Textile products came in third place with a total value of USD 23.7 million in 2017 compared with USD 20.7 million in the previous year.
Meanwhile, Brazilian exports to Morocco recorded an increase of a 25.9 percent, totalling to more than USD 615 million in 2017, against USD 488.5 million the previous year.
In 2017, sugar and sugar cane products topped the list of products exported by Brazil to Morocco with a share of 72.18 percent. The value of these products exceeded USD 445.2 million in 2017, compared to USD 359.9 million one year earlier.
Corn represents the second most exported product from Brazil to Morocco at 12.35 percent, totalling USD 484.9 million, compared with USD 164.2 million in 2016.
Exports of semi-manufactured products increased by 134.01 percent, from USD 3.6 million in 2016 to USD 8.4 million in 2017, the source added.
The trade balance in 2017 is in Morocco’s favor with a surplus of USD 253 million in 2017, against a surplus of only USD 166.8 million in favour of the country in 2016.