January to November saw 2.3 million brand new vehicles sold in the country, up 15% from a year ago. Domestic sales made up for weaker exports.
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Import-restrictive measures adopted by members of the bloc, from May to October, have covered an amount of trade estimated in USD 481 billion, a new high.
Last month saw 257,700 units sold, up 25.6% from October 2017. Exports, on the other hand, are on their way down.
A Moroccan secretary of State convened with the president of the South American bloc’s Parliament in Rabat. She stressed the potential for building closer economic relations.
Foreign sales totaled USD 71.4 million in September, a drop of 26%. However, exports to the United Arab Emirates rose.
Foreign sales amounted to USD 734 million in September. Shipped volume also went down, driven by weaker demand in Argentina.
In August, there was a 7.5% decline in volume and a 9.2% drop in revenues in comparison to the same month of last year.
Over 41,000 units were shipped abroad from Brazil in the first half. In June, however, foreign sales slid due to currency depreciation in Argentina.
The industry saw foreign sales slide in January, February and March, before rebounding in April to 9.87 million pairs of shoes shipped, grossing a combined USD 93.18 million.
The sector’s exports increased 39,3% in this year’s Q1, according to the manufacturers’ association, Abraciclo.
