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.
Exports
US Leads Global Imports of Fez Handicrafts, Boosting Morocco’s Artisan Economy
20 July 2021
The United States has been, by far, the leading importing country of handicraft products from Fez over the past ten years, with 140.755 million dirhams. They are followed by (…)
Renault Group Sales Surge in Morocco, Ranking 9th Globally in First Half 2021
20 July 2021
Morocco remains a vast commercial and strategic base for the Renault Group. In the first half of 2021, the Kingdom ranks, for the first time, in the Top 10 of the Renault (…)
Morocco’s Foreign Exchange Reserves Surge 290% Since 2002, Hitting 320 Billion Dirhams in 2020
13 July 2021
The economic dynamism recorded in recent years has had a clear impact on Morocco’s foreign exchange reserves. They have improved significantly over the 2017-2021 period, (…)
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 Export Boom Drives Economic Recovery, Current Account Deficit to Narrow
27 June 2021
Morocco will record a current account deficit of 3.8% of GDP at the end of this year before easing to 2.6% in 2022. Driven by the automotive, electronics or phosphate sectors, (…)
Morocco Threatens Trade Retaliation Against Egypt Over Product Barriers
25 June 2021
Morocco is considering retaliatory measures against Egypt, accusing it of pursuing a "blocking" policy against Moroccan products. A situation that costs the kingdom some 6 (…)
Morocco’s Automotive Exports Surge to $8 Billion, Challenging Global Competitors
24 June 2021
The automotive sector is booming despite the Covid crisis. Exports generate a turnover of 80 billion dirhams. With a high production capacity of high-quality vehicles, the (…)
Almeria Farmers Demand EU Action on Moroccan Tomato Imports, Citing €25 Million Loss
24 June 2021
The "unfair competition" from Morocco and other third countries would cause losses of around 25 million euros to tomato producers in Almeria. This is what the agricultural (…)
Morocco’s Sahara Greenhouse Expansion Threatens Spanish Tomato Industry
24 June 2021
Spain is concerned about Morocco’s agricultural development in the Sahara. The kingdom plans to use 5,000 hectares of greenhouses in this region over the next decade to compete (…)