Morocco’s Automotive Exports Surge 25.5% to Record $5.2 Billion Through August

This increase in automotive sector exports is explained by the increase in sales of the construction segment (+32% or +5,291 MMDH) and those of the wiring segment (+16.5% or +2,452 MMDH), indicates the monthly note of the foreign exchange office.

Phosphate and derivative shipments come second with 46.312 billion DH (+42.2% year-on-year). This is also a record for the similar periods of the last 4 years. A performance attributed to both natural and chemical fertilizers, phosphoric acid and phosphates.

As for textile and leather exports, their "evolution is due to the increase in sales of ready-made garments by +3,064 MMDH and those of knitwear articles by +1,268 MMDH," explained the Office, noting however that these remain below those achieved during the same period from 2017 to 2019.