Morocco's trade balance improves 25.3% in second quarter of 2015

Rabat - Morocco's trade deficit was contracted by 21.41 billion dirhams 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 63.12 MMDH in May 2015, compared to 84.54 MMDH 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 91.03 billion dirhams in the second quarter of 2015 against 86 billion dirhams last year, in addition to a 9.6% decrease in imports which totaled 154.15 billion dirhams, compared to 170.55 billion dirhams the same period a year earlier, the Office said.