Increase in Foreign Trade Indices in 2022 (HCP)

On Apr 3, 2023

Casablanca – The indices of import and export unit values recorded in 2022 increases of respectively 25% and 21.2% compared to the previous year, according to the High Commission for Planning (HCP).

According to the HCP’s most current report on foreign trade indices, the index of import unit values increased 17% in the fourth quarter of 2022 (Q4-2022) compared to the same quarter of 2021.

According to the same source, this increase is primarily the result of increases in the unit values of “energy and lubricants,” “half products,” “food, beverages, and tobacco,” “finished consumer products,” “finished industrial equipment,” “raw animal and vegetable products,” and “finished agricultural equipment.” These increases totaled 33.2%, 24.8%, 9.6%, 6.4%, 18.6%, and 19.9%, respectively.

The index of unit values for export, on the other hand, showed an increase of 10.7% during Q4-2022 in comparison to the corresponding quarter the year prior. This increase is primarily attributable to increases in the unit values of “semi-finished products” by 8.1%, “finished industrial equipment” by 37.6%, “raw materials of mineral origin” by 40.8%, “raw materials of animal and vegetable origin” by 19.4%, and “energy and lubricants” by 10.5%.