Morocco Seeks Alternatives as Coronavirus Disrupts Chinese Trade and Tourism
Due to the coronavirus epidemic in China, trade with the international community has fallen by 17.2% compared to the same period last year.
This situation is worrying economic operators in Morocco at the highest level, to the point of plunging some sectors into a recession phase, not to mention the impact of the decline in tourism activity.
In terms of trade with China, electronic equipment, tea and textiles account for the top 3 Moroccan imports, with 2 billion, 1.41 billion, and 1.32 billion dirhams respectively.
In exchange, Morocco exports nearly 1.24 billion dirhams in lead, zinc and copper, 348.09 million dirhams in nitrate-based products and seeds, and 166.62 million dirhams in frozen fish.
The drop in imports, recorded since the beginning of the year, is due to the freezing of commercial activities in China, but also to the fear of importing goods that could be infected by the Coronavirus.
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