Morocco’s Exports Record Increase of 3.2 Percent

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Morocco’s Foreign Exchange Office have revealed today that Morocco’s exports for the first seven months of the current year have seen a rise of 3.2 percent compared with the same period of last year.

This came in the Exchange Office’s monthly external trade indicators for the month of July. It indicates that Morocco’s exports have reached MAD 168.3 billion (USD 17.4 billion) against MAD 162.99 billion (USD 16.7 billion).

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In detail, the increase recorded is due to a rise in the service sector of 12.4% (MAD 48.1 billion). Also, the growth in a number of sectors, namely aeronautics (11.5%), agriculture and agribusiness (6.5%), phosphates and derivatives (3%) and the car (2%) have had their contributions.

Other sectors have shown a notable decrease, however. The textile and leather industry has recorded a decrease of MAD 297 million. The sector labeled “other mining” also saw a decrease of MAD 235 million, whereas the electronics sector witnessed a drop of 60 million.

 

 

 

 

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