Morocco’s Auto Exports Surge: Over 240,000 Cars Shipped in 9 Months, Revenue Hits 58 Billion Dirhams

These exports are up 16.4%, the Foreign Exchange Office said in its monthly indicators, adding that this performance is attributable to the increase in sales in the construction segment (+22.4%), the wiring segment (+7.7%) and the vehicle interiors and seats segment (+7.1%).

In addition, sales of phosphates and derivatives jumped 44.6% to nearly 54.83 billion dirhams, explaining this development by the increase in sales of natural and chemical fertilizers (+10.52 billion dirhams) due to the 56.5% increase in price. The exported quantities of this product, on the other hand, remain almost stable.

On the textile side, the office notes a 19.9% increase, due to the sales of ready-made garments of 3.07 billion dirhams and those of knitwear articles of 1.3 billion dirhams. However, these exports remain below the growth recorded two years earlier.