Morocco`s trade deficit rises
Imports to Morocco rose to DR 72 billion ($6.4 billion) in the first seven months of 2001 from DR 71.4 billion for the same period last year, while exports fell 2.7% to DR 45.2 billion meaning the country’s trade deficit rose to 7.6%. Clothing and leather exports, which account for more than a third of Morocco's exports by value, increased 3.5% to DR 17.8 billion, but the government said that the overall fall was mainly due to poor performances in seafood, fruits, vegetables and rubber and tyre exports.