Morocco has enjoyed the Arab spring and improves its market position with Tunisia and Egypt10Share
Exports to both countries in late February 2011 have doubled compared to the same period of 2010. The trade deficit with Tunisia and Egypt has increased over the same period, from 552 to 259 million dirhams. 200 MDH of heavy fuel oil exported to Egypt, a record!Exports Imports Morocco Tunisia Egypt
Business as usual in spite of revolutions and wars. This is reflected in the evolution of Morocco's trade with the countries of the sub-region, namely Egypt, Tunisia and Libya. Contrary to what one might think, trade with these three countries have performed well. During the first two months, they increased from 1.09 billion dirhams to 1.25 billion dirhams, according to statistics from the Foreign Exchange Office. Better yet, Morocco has significantly improved its trade balance with its partners. Its deficit of 293 million dirhams at the end of February 2011 compared to $ 552.5 million dirhams in the same period last year. So that's a gain of more than 259 million dirhams.This is especially Tunisia and Egypt, where the crisis was at its peak during this period that the Kingdom has taken greater advantage of its trade. Land of the Pharaohs, which widened in recent years the gap in his favor and has seen its exports drop to 448.8 million dirhams in the top two in 2011 against 498 million dirhams for the same period in 2010. Meanwhile, Morocco's exports to China have increased by 91%, from 125.9 million dirhams to 240.5 million dirhams. As a result, our trade deficit stood at 208.3 against 372 MDH MDH through February 2010.
Less paper and aluminum bought in Egypt
What are sales Egyptian paper and paper products to the Moroccan market that have been most affected by this situation: from 71.8 million dirhams, they are reduced to 57.6 million dirhams. Ditto for bars, plates, sheets and aluminum tubes, which fell from 40.2 to 29.8 MDH MDH. Our purchases in perfumery and pottery have also declined, they totaled 4.8 million dirhams respectively against 15.3 and 5.9 MDH MDH MDH 11.9 cons.By cons, some Egyptian exports grew despite the tension that crossed the country. This is the case of sales to Morocco son, bars, sheet piling, iron and steel profiles that have focused on a value of 35.5 to 11.4 MDH MDH cons to end February 2010. The same performance was recorded in those exceptional circumstances in the area of seeds and oilseed products that our country has exported some 24.6 against 5.8 MDH MDH.For their part, Moroccan exports to Egypt have increased markedly, but this performance remains mixed. And because it was sold to the Egyptians of heavy fuel oil for a total of nearly 200 million dirhams, or 83% of all the exports in these two months. We know that Egypt is a producer of petroleum and refining industry has a very developed. And Morocco has never exported to Egypt this product. The use of Moroccan oil was justified by the disruption experienced by the country's refining capacity during the people's uprising against the regime.