Morocco-GCC Countries trade exchange increased by 11%

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A report from economic and financial revealed that trade exchange between Morocco and countries of the Gulf Cooperation Council (GCC) increased by a yearly average of 11% to achieve 28.6 billion dirhams in 2014, denoting a 4.9% of Morocco’s total exchanges contrary to 3.6% in 2000.

Morocco-GCC Countries trade exchange increased by 11%

Morocco-GCC Countries trade exchange increased by 11%

Imports from GCC countries noted an average annual intensification of 11% to set at MAD 26.8 billion, that is 6.9% of Morocco’s total imports contrary to 5.3% in 2000, report also mentioned, adding that exports to these nations, at MAD 1.8 billion in 2014, stay weak, unpredictable and not varied.

Morocco’s top client in the Gulf region is KSA with approximately MAD 920 million of exports, that is 52.4% of the regional total, next is the UAE with MAD 589 million and a share of 33.5%.

Information revealed that trade balance stays in deficit, with MAD 25 million in 2014 and a coverage rate at 6.6% in 2014 contrary to 12% in 2000.

Mohamed Dekkak

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