At the End of February, Moroccan Auto Exports Increased by 40.5%

Mouad Boudina
Mouad Boudina
2 Min Read

According to the Office of Changes, sales in the automotive industry surpassed 21.66 billion dirhams (MMDH) by the end of February 2023, an increase of 40.5 percent over the same time last year.

This result comes after an uptick in sales across the board for the sector, including the construction segment (+44.7 percent ), the wiring segment (+43.8 percent ), and the interior and seating category for vehicles. (+20 percent ), according to the Office, which just released its monthly foreign trade figures.

At the same time, by the end of February 2023, exports from the electronics and electrical industry rose by 36.4 percent to 3.65 billion dirhams. This development is mostly the result of higher sales of wires and cables (+33.9 percent to 1.37 billion dirhams) and electronic components (+57.7 percent to 1.4 billion dirhams).

For the first two months of 2023, sales of textiles and leather increased by 15.1 percent, which may be attributed to a rise in exports of ready-to-wear items (+18 percent ), footwear (+20.6 percent ), and a lesser extent knitwear (+7.6 percent).

Phosphates and their derivatives were exported for 10.96 billion dirhams at the end of February 2023 compared to 14.68 billion dirhams at the end of February 2022. This development can be explained by the decrease in sales of phosphoric acid (-37.8 percent ), phosphates (-17.5 percent), and natural and chemical fertilizers (-22.3 percent).

Mouad Boudina

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