Morocco exports rise at start of 2014

Moroccan exports totaled 46.6 billion dirhams ($ 5.7 billion) in the first quarter of 2014, an increase of 3.5% over the 45 billion dirhams ($ 5.5 billion) posted in the same period last year , according to the department of the government of Morocco in charge of foreign trade and published by Maghreb Arabe Presse (MAP).

The increase occurred because of the contribution of sectors considered new in exports, especially the auto industry, whose shipments totaled 2.97 billion dirhams ($ 364.5 million) in the first three months of the year, an increase of 43.3% over the same period of 2013.

Statistics also show that breakthrough occurred in foreign sales of consumer electronics industries (21.2%), aviation (5.9%) and pharmaceuticals (3.7%). There was a drop, however, in shipments of agricultural products and food (2.5%).

0 0
Article Tags:
Article Categories:
North Africa

Leave a Reply

Your email address will not be published. Required fields are marked *