Car Exports Surpass $13 Billion, Aircraft Parts Manufacturing Breaks $2 Billion Mark in Morocco
The Office des Changes reported that exports in the aviation sector reached 21.86 billion dirhams during the first ten months of 2024, marking an increase of 17.3% compared to the same period last year.
The monthly foreign trade report attributed this growth to a 26.9% rise in assembly sales, amounting to 14.26 billion dirhams, and a 2.6% increase in sales of Electrical Wiring Interconnection Systems (EWIS), totaling 7.51 billion dirhams.
The report also highlighted a 12.5% increase in phosphate and derivatives exports, which reached 68.34 billion dirhams. This includes 49.37 billion dirhams from natural and chemical fertilizers, 7.65 billion dirhams from phosphate, and 11.32 billion dirhams from phosphoric acid.
Meanwhile, car exports improved by 8%, totaling 131.35 billion dirhams, driven by notable growth in sales of “interior car parts and seats” (up 20.9%), electric wiring systems (up 7.9%), and “manufacturing” (up 6.9%).
Conversely, exports in the “textiles and leather” sector and other industries, including “mining and metallurgy,” “plastics and rubber,” and “pharmaceuticals,” recorded declines of 0.5% (39.26 billion dirhams) and 4.1% (23.13 billion dirhams), respectively.
