The Moroccan exchange office reported on Tuesday that imports jumped by 43.8% from the prior year to 552.3% dirhams (50.3% dollars), while exports rose by 37.4% to 317.9% dirhams (29 billion dollars).
The cost of wheat imports climbed by more than two quarters to 20. 3 billion dirhams, while the Moroccan energy bill was the highest, rising by 121 percent to 114 billion dirhams (104 billion dollars) (1. 85 billion dollars).
The country with the most phosphate reserves in the world, Morocco, scored a 66. Exports of metal and its compounds, such as fertilisers, increased by 6% to reach 91. 8 trillion dhs (8. 38 billion dollars).
The value of exports reached $77,000, with 35% of that coming from the industrial export automobile sector. 8 trillion dhs (7. 10 billion dollars).
In addition, tourism-related earnings increased by 149% to $62. 2 billion dirhams (5. 68 billion dollars), as the sector recovered from the repercussions of the Kofid-19.
A significant source of hard currency for the nation is remittances from expatriate citizens, which rose by 11.6% to 80 billion dirhams ($7. 30 billion), while foreign direct investment rose by 36 percent to 29.5 billion dirhams ($2. 69 billion).
For this reason, the trade deficit in Morocco rises 53 percent 90 days
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