{"id":53582,"date":"2016-03-15T17:08:00","date_gmt":"2016-03-15T19:08:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/moroccos-trade-deficit-reduced-for-third-consecutive-year\/"},"modified":"2024-02-21T22:20:17","modified_gmt":"2024-02-22T01:20:17","slug":"moroccos-trade-deficit-reduced-for-third-consecutive-year","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/moroccos-trade-deficit-reduced-for-third-consecutive-year\/","title":{"rendered":"Morocco\u2019s trade deficit reduced for third consecutive year"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; Morocco&rsquo;s trade deficit declined in 2015 for the third consecutive year. According to information released this Tuesday (15) by the country&rsquo;s Ministry of Finance, the deficit decreased 18.6% over 2014 and stood at MAD 152.4 billion (USD 15.5 billion).<\/p>\n<p>The performance was the result of an increase in exports and decrease of imports. External sales totaled MAD 214.1 billion (USD 21.8 billion), an increase of 6.6% over 2014. Purchases declined 5.6% in the same comparison and stood at MAD 366.5 billion (USD 37.3 billion).<\/p>\n<p>In a report, the Ministry of Finance pointed out especially to the improvement in sales by the state-owned company OCP, from the fertilizers sector. Other highlights were exports by the auto, food and aeronautical industries. However, shipments of the electronics, fabrics and hide sectors declined.<\/p>\n<p>On the other hand, there was a decline specially with spending regarding oil and by-products imports &ndash; due to the fall of the prices of the commodity &ndash;, food, especially wheat, due to a record-breaking domestic crop. However, there was an increase in external purchases of capital goods, semi-finished and basic products and consumer goods. <\/p>\n<p><strong>Brazil<\/strong><\/p>\n<p>Last year, Morocco exported to Brazil USD 739.8 million, a decline of 41% over 2014. The main products shipped were fertilizers and naphtha. The data comes from the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC).<\/p>\n<p>Meanwhile, Brazil sold to North Africa USD 494.3 million in 2015, a decline of 13% over the previous year. The main items traded were sugar and maize. The trade balance was favorable to Morocco in USD 245.5 million against USD 681 million in 2014.<\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-187215\">Fadel Senna\/AFP 13\/05\/2013<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Deficit stood at USD 15.5 billion in 2015, a decline of 18.6% over 2014. Exports went up while imports went down.<\/p>\n","protected":false},"author":2316,"featured_media":187215,"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-53582","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"Deficit stood at USD 15.5 billion in 2015, a decline of 18.6% over 2014. Exports went up while imports went down.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53582","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=53582"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/187215"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=53582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=53582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=53582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}