Foreign trade indices in Morocco decline in 2020, HCP says

Foreign trade indices went downward over the past year compared to 2019, according to the High Commission for Planning (HCP).

The index of import unit values fell by 5% and that of export unit values by 2%, said the HCP in its recent note on Foreign trade indices.

In the 4th quarter alone, the index of import unit values fell by 7.7% following the drop in unit values of energy and lubricants by 30.3%, of finished consumer products (5.3%), semi-finished products (4%), finished products of industrial equipment (2%) and crude products of mineral origin (28.9%), said the same source. On the other hand, this index increased in food, drinks and tobacco by 1.2%.

The export unit value index fell by 0.9% in Q4-2020 due to the decline in unit values of finished products of industrial equipment by 2.7%, of food, beverages and tobacco (2.7%), crude products of mineral origin (5.3%) and energy and lubricants (29.3%).

The indices of the average values of finished agricultural equipment products, semi-finished products and finished consumer products increased by 11.7%, 1.6% and 1.9% respectively, thus mitigating the fall in the overall index of export unit values.