Morocco’s Record Tourism Numbers Help Reduce Trade Decifit
Skift Take
The massive earthquake that struck Morocco last September didn't stunt its tourism boom, welcome news for the country's economy.
Morocco's annual trade deficit contracted by 7.3% to 286 billion dirhams ($28.6 billion) in 2023, helped by a drop in energy imports and higher tourism revenue, the foreign exchange regulator said in a monthly report.
Imports fell 2.5% from a year earlier to 715 billion dirhams, while exports increased by 0.2% to 429 billion dirhams
