Morocco's services exports progressed in 1998, WTO report

Morocco's services exports have progressed in 1998 at a time Africa's trade services exports have dropped, compared to 1997, a report by the World Trade Organization said.

Between 1990 and 1998, Morocco witnessed the strongest annual variation rates, in terms of the percentage of services exports in overall exports in the continent, said the WTO's 1999 annual report on world trade.

Tackling the evolution of trade in Africa, the report said only Morocco and Tunisia have recorded an increase of services exports in 1998.

A table on major goods exporters and importers in Africa in 1998 places Morocco in the 4th rank among the continent exporters with $7.2 billion or 6.8% of Africa's overall exports. It is preceded by South Africa ($28.3 billion), Algeria ($10.3 billion) and Nigeria ($10.0 billion).

Morocco also ranks 4th among Africa's importers with $10.3 billion or 7.7% of the continent's total imports. It comes behind South Africa ($29.9 billion), Egypt ($16.2 billion) and Nigeria ($11.9 billion).