{"id":53102,"date":"2016-01-15T18:36:00","date_gmt":"2016-01-15T20:36:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/morocco-increases-exports-and-cuts-imports\/"},"modified":"2024-02-21T22:20:22","modified_gmt":"2024-02-22T01:20:22","slug":"morocco-increases-exports-and-cuts-imports","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/morocco-increases-exports-and-cuts-imports\/","title":{"rendered":"Morocco increases exports and cuts imports"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The Morocco government released this Friday (15th) a series of data about the country&rsquo;s foreign transactions in 2015. In trade balance, Morocco posted a deficit of MAD 152.27 billion (USD 15.4 billion), a decline of 18% over the previous year, according to news agency <em>Maghreb Arabe Presse (MAP)<\/em>.<\/p>\n<p>According to information from the &nbsp;Foreign Exchange Office of the country&rsquo;s Ministry of Finance, the coverage rate of imports by exports reached 58.5%, the highest level in ten years.<\/p>\n<p>The deficit decreased due to an increase of 6.7% in exports, which totaled MAD 214.27 billion (USD 21.66 billion), and a decrease of 5.6% in imports, which totaled MAD 366.53 billion (USD 37 billion).<\/p>\n<p>The drop in imports was impacted especially by the decrease of 28% in spending with oil and by-products. Spending with crude oil alone declined 61.3% because of the commodity&rsquo;s falling prices in the global market. Foreign purchases of food (-14.3%) and consumer goods (-0.9%) also declined. <\/p>\n<p>However, there was an increase in imports of capital goods (8%), semi-finished products (4.8%) and basic goods (4.1%).<\/p>\n<p>In exports, the groups with an increase were phosphates and phosphate products (16.3%), auto industry (20.9%) and agricultural and food sector (10.1%).<\/p>\n<p>Morocco sales to the Brazilian market in 2015 totaled USD 740 million, a decrease of 41% over 2014, according to data from the Secretariat of Foreign Trade (Secex) compiled by the <strong>Arab Brazilian Chamber of Commerce<\/strong>. The main products sold were fertilizers.<\/p>\n<p>On the other hand, Brazilian exports to Morocco totaled USD 494 million, a decline of 13% in the same comparison. The main goods shipped to the country were sugar, maize and iron and steel semi-finished products.<\/p>\n<p><strong>Investments<\/strong><\/p>\n<p>Foreign direct investments (FDI) reached MAD 31.13 billion (USD 3.15 billion), an increase of 4% over 2014.<\/p>\n<p>Remittances from Moroccans living abroad totaled MAD 61.7 billion (USD 6.24 billion), an increase of 3% in the same comparison.<\/p>\n<p>Revenues earned with foreigners that visited Morocco totaled MAD 58.5 billion (USD 5.9 billion), a decline of 1.4% over 2014. Spending by Moroccans travelling abroad, however, increased 14.5% and reached MAD 13.5 billion (USD 1.36 billion).<\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-180983\">Fadel Senna\/AFP 13-05-2013<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shipments from the country generated USD 22 billion in 2015, an increase of 6.7% over 2014, and external sales totaled USD 37 billion, a decline of 5.6%. Trade deficit went down 18%.<\/p>\n","protected":false},"author":2316,"featured_media":180983,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-53102","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"Shipments from the country generated USD 22 billion in 2015, an increase of 6.7% over 2014, and external sales totaled USD 37 billion, a decline of 5.6%. Trade deficit went down 18%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=53102"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/180983"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=53102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=53102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=53102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}