Morocco: 21.5 % increase in goods exports

Morocco's goods exports stood, in the year to August, at 93.14 billion dirhams (1 USD = 8.18 MAD), up 21.5% on the same period of 2009, according to the Office des Changes, Morocco's exchange rate monitoring body.

Exports of phosphates and derivatives grew 79%, reaching 22.3 billion dirhams, as against 12.4 billion dirhams a year earlier, the office said in its monthly indicators of Morocco's foreign trade.

Phosphates sales reached 5.48 billion dirhams compared to 3.29 billion dirhams, up 66.3%, said the office, which added that phosphoric acid exports jumped 67.3% to reach 8.97 billion dirhams, with a volume up 37.7%.

As to natural and chemical fertilizers, they stood at 7.8 billion dirhams over the reporting period against 3.79 billion dirhams in the same period of 2009, with a volume up 48.6%.

Regarding goods exports, they stood at 194.9 billion dirhams, compared to 173.9% a year earlier, with a rise of 12.1%, which resulted in a deficit in the balance of trade, estimated at 101.8 billion dirhams, against 97.2 billion dirhams in 2009.

> Map

Posted in: Business