Morocco's exports increase by 8.4 percent

Morocco's exports (free on board, see definition at bottom) posted a 8.4 percent between April 1997, where they were estimated at 13.2 Billion dh ($1.38 bln), and April 1998 where they reached 14.11 Bln Dh ($1.5 bln).

According to the exchange office, exports are dominated by food products which account for 31 percent, semi-processed products (25.8 percent) and consumption goods (21.4 percent). The three categories represent 78.2 percent of Morocco's exports.

Exports of food products rose by 17.7 percent while those of semi-processed products progressed by 15.2 percent while exports of consumption goods stable.

The sale of raw material decreased by 5.4 percent while that of energy products grew by 23.7 percent.