Foreign direct investment in Morocco down 32 pct in first 9 months

Source: Xinhua| 2019-11-05 00:47:30|Editor: yan
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RABAT, Nov. 4 (Xinhua) -- The foreign direct investment (FDI) in Morocco declined by 32 percent year on year to a total of 1.4 billion U.S. dollars between January and September, the foreign exchange regulator said in a report on Monday.

Remittances made by Moroccans living abroad remained stable at 5.24 billion dollars, against 5.26 billion dollars during the same period last year.

According to the statistics, Morocco's trade deficit increased by 2.4 percent to 16.25 billion dollars by the end of September.

The rise in the deficit was driven by a 3.1-percent increase in imports to 38.46 billion dollars.

Morocco's exports registered an increase of 3.5 percent to reach nearly 22.25 billion dollars, still far less in value than imports.

The increase in exports was pushed by a hike of 5.4 percent in agricultural products, 4.1 percent in car industry and 9.9 percent in aeronautics products.

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