Increase in the trade deficit, aeronautics is a hit

Increase in the trade deficit, aeronautics is a hit
Increase in the trade deficit, aeronautics is a hit

CThis development results from a simultaneous increase in imports and exports, revealing a contrasting dynamic within foreign trade.

Imports rose by 5,8% has 623,4 Mds of DHmainly driven by finished equipment products, up by 11,6% has 145,5 Mds of DHfollowed by semi-finished products (+9.1% to 134.8 Mds of DH), finished consumer products (+8.6% to 144.87 Mds of DH) and food products (+3% to 75.47 Mds of DH).

However, energy products recorded a notable decline of 5,5%totaling 95.07 Mds of DHreflecting a relaxation in this strategic market.

On the export side, these increased by 6,2% to reach 373.54 Mds of DHslightly improving the import coverage rate, which is gaining 0,2 point has 59,9%. Among the most dynamic sectors is aeronautics, whose sales have jumped by 17,3% has 21.86 Mds of DHthanks to the strong growth in the “Assembly” segments (+26.9% at 14,3 Mds of DH) and EWIS (electrical wiring systems, +2.6% to 7.5 Mds of DH).

The automotive sector also continues to gain momentum, with growth of 8% has 131.35 Mds of DHsupported by notable increases in the “Vehicle interior and seats” (+20.9%), “Wiring” (+7.9%) and “Construction” (+6.9%) segments.

Exports of phosphates and derivatives also posted a good performance, up by 12,5% has 68.34 Mds of DHdriven mainly by natural and chemical fertilizers (49.37 billion DH), followed by phosphates (7.65 billion DH) and phosphoric acid (11.32 billion DH).

On the other hand, certain industrial sectors showed signs of weakness. Exports of “textiles and leather” fell by 0,5% has 39.3 Mds of DHwhile those of other industries, including metallurgy, plastics, rubber and pharmaceuticals, fell by 4,1% has 23,1 Mds of DH.

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