Morocco's trade deficit worsens by 28% in 1st quarter of 2003

Morocco's trade deficit worsened by 28.1% during the first quarter of 2003 (January-April), reaching 1.59 billion DH (about US$ 173 million), says the exchange office.

The value of Morocco's foreign trade stood at 70.48 billion DH (US$ 7.6 billion) during this period, compared to 72.07 billion DH (US$ 7.8 billion) in the corresponding period of last year.

Exports were worth 27.1 billion Dh (US$ 2.9 billion) and imports stood at 43.38 billion DH (US$ 4.7 billion).