Morocco's trade deficit reached 164.17 billion dirhams during the first ten months of this year, up by 26.6% compared to the end of October 2020, according to the Exchange Office.
It is a result of an increase in imports amounted to 424.32 billion dirhams (+22.9%), higher than exports which reached 260.15 billion dirhams (+20.7%), explained the Office in its monthly indicators of foreign trade, adding that the rate of coverage stood at 61.3%.
Compared to the end of October 2019, the period before the coronavirus pandemic crisis, exports rose by 9.4% (22.1 billion dirhams) and imports by 3.3%, added the Office.
The increase in imports of goods follows the increase in purchases of commodities, mainly finished consumer products (+24.43 billion dirhams), energy products (+17.74 billion dirhams), and semi-products (+17.46 billion dirhams).
