Morocco’s Auto Exports Slump 4%, Trade Deficit Soars Amid Economic Shifts

Morocco’s trade deficit stood at 133.1 billion dirhams at the end of May 2025 (+15.1% year-on-year), according to the latest bulletin from the Office of Foreign Exchange. A progression driven by an increase in imports (+7.4%) and exports (+2.8%) which reached 198.6 billion dirhams.

In the details of exports, the automotive sector fell by 4% to 64.7 billion dirhams. A fifth consecutive decline explained by the fall in the construction segment (-16.2%, 4.8 billion dirhams), a decline in the finished vehicle segment (-6.8%) and a slight increase in automotive wiring (+3.2%, 759 million dirhams). For the other sectors, there was an increase of 18.1% for phosphates and derivatives, 10.5% for aeronautics, and 2% for agriculture and agri-food.

As for imports, which reached 331.7 billion dirhams, up 7.4%, they are driven by a rise in finished equipment products (+12.4%), raw materials (+24.7%), food products (+7.7%) and a 6.5% drop in the energy bill due to a reduction in diesel and fuel oil purchases (-14.6%).