Morocco’s trade deficit in the first two months of the year more than doubled on increased imports of food products and higher crude oil prices, the government said. The gap widened to 15.3 billion dirhams (USD 2.1 billion) from 5.82 billion dirhams in the same period last year, the Rabat-based Office des Changes said in its monthly balance of payment report. Imports rose 28 percent to 50.8 billion dirhams while exports added 5 percent to 35.5 billion dirhams. (Bloomberg)
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