(MENAFN - Morocco World News) Rabat – Morocco's imports of alcoholic beverages have increased during the first five months of 2017 to 5,151 tons compared to 4,246 in 2016, according to a report by the Foreign Exchange Office.
In its monthly external trade report for May 2017, the office reported that Morocco imported 5,151 tons of "beer, wine, vermouths and other alcoholic beverages," amounting to more than MAD 239 million between January and May 2017.
Imports of alcohol in the first five months of 2017 recorded an increase of MAD 216 million compared to the same period of 2016, which saw the importation of 4,246 tons of these same products.
According to forecasts of the 2017 Finance Law, sales of alcohol are expected to generate more than MAD 1.25 billion of tax revenue in 2017.
Wine and spirits are predicted to generate MAD 521 million in taxes and customs duties, while the tax and par-fiscal revenues associated with the consumption of beer will generate about MAD 732 million by the end of 2017.
The same source also explained that tobacco imports declined from 6,499 tons between January and May 2016, which generated MAD 703 million, to 5,289 tons and MAD 640 million during the same period in 2017.