Morocco’s Energy Bill Plummets 34.6% in 2020 Amid Falling Oil Imports
24 July 2021
Morocco’s energy bill has dropped considerably in 2020. This emerges from the annual report on foreign trade for the year 2020, carried out by the Office des Changes.
Exchange Office
Morocco’s Maritime Trade Dominates, Atlantic Ports Handle 94% of Shipping
23 July 2021
The most used mode of transport in the kingdom is the maritime mode with 91.4 million tons (MT), or 96.3% of the total exchanges carried out with the rest of the world. This is (…)
Morocco’s Automotive Exports Drop 10% in 2020, Leading Trade Decline
22 July 2021
Automotive exports, Morocco’s leading export sector for seven years, amounted to 72.18 billion dirhams (MMDH) in 2020, down 9.9% compared to 2019.
Morocco’s Automotive Exports Surge 49.5% in Early 2021, Matching Pre-Pandemic Levels
7 July 2021
Automotive exports reached 35.4 billion dirhams during the first five months of 2021, an increase of 49.5% compared to the same period in 2020.
Morocco’s Trade Deficit Widens 10.4% as Exports Surge in Early 2021
5 July 2021
The trade deficit reached 80.95 billion dirhams at the end of May 2021, an increase of 10.4% compared to the same period in 2020. This is what emerges from a note from the (…)
Morocco Expands Financial Benefits for Expatriates, Foreign Exchange Office Announces
3 May 2021
The Foreign Exchange Office has designed and posted online a digital brochure on the exchange facilities and benefits granted to Moroccans residing abroad (MRE). From opening (…)
Moroccan Diaspora Remittances Surge 8.8% to $660 Million Amid Pandemic
3 March 2021
From January 2020 to January 2021, remittances made by Moroccans residing abroad (MREs) to Morocco climbed to nearly 5.9 billion dirhams, an increase of 8.8%.
Moroccan Diaspora Remittances Surge to $7.5 Billion in 2020, Defying Pandemic
5 February 2021
Remittances from Moroccans living abroad increased by 5% to a total of 67.997 billion DH (MDH) in 2020 compared to 64,779 billion in 2019, according to the Office des Changes.
Moroccan Buyers Fuel Surge in Spanish Property Purchases Amid Price Drop
3 February 2021
Moroccans residing in Morocco acquired a significant number of real estate properties in Spain in 2020. The Foreign Exchange Office has decided to audit the acquisition operations.
Moroccan Diaspora Remittances Surge 3.9% Despite Global Pandemic
5 January 2021
Remittances from Moroccans living abroad (MRE) to Morocco have withstood the winds of Covid-19 and its consequences. As of the end of November 2020, remittances made by MREs (…)