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Manufacturing and Aerospace Boom Drive Up Morocco’s Exports

Morocco’s export sector is experiencing a strong upswing, fueled by growth in key industries like automotive, aerospace and electronics. This positive trend, coupled with a decline in imports, has helped narrow the country’s trade deficit and boost overall economic performance.

According to the country Exchange Office, Morocco’s exports reached 113.56 billion dirhams (approximately $11.7 billion USD) by the end of March 2024, a 3% increase year-on-year.

This growth is particularly impressive considering a slight decline in exports of traditional Moroccan staples like phosphates and textiles.

Link: https://www.moroccoworldnews.com/2024/05/362443/manufacturing-and-aerospace-boom-drive-up-moroccos-exports

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