Ahmad 
Morocco’s trade deficit fell 7.3 percent year-on-year in 2023 to 286 billion dirhams ($28.6 billion), thanks to higher tourism revenues and lower energy imports, Morocco’s Office des Changes, the institution tasked with counting trade and economic exchange with abroad, said in a monthly report.
Total imports fell 2.5 percent year-on-year to 715 billion dirhams, while exports rose 0.2 percent to 429 billion dirhams, the Office des Changes said, adding that remittances from Moroccans abroad and exports from the automotive industry also contributed to improving the trade deficit.
Morocco’s energy imports fell 20.4 percent year-on-year to 122 billion dirhams after demand and prices in global markets fell.
Wheat imports fell 25.3 percent year-on-year to 19.3 billion dirhams, and imports of ammonia, a key component of fertilizer production, fell 58 percent to 8.8 billion dirhams.