Speaking during the monthly oral questions session at the House of Representatives dedicated to the theme “The centrality of the foreign trade sector in the development ofnational economy», Mr. Akhannouch specified that these revenues represented an increase in value of 5.3% (i.e. +16.8 billion dirhams) compared to the same period of the year 2023.
This progression is mainly attributable to the increase in demand for Moroccan products in international markets, an observation which reflects “the Kingdom’s efforts in favor of balancing the trade balance, thanks to the enormous potential offered by sectors of theautomobile and theaeronautics“. He noted in this context that 2023 constituted an exceptional year for the automotive sector in Morocco, which regained its leading position as the first exporting sector, with a significant increase in exports exceeding 28%, an increase of approximately 33 MMDH compared to the year 2022.
The Head of Government specified that a significant increase of 7% in exports from the automotive sector was recorded during the first nine months of 2024 (i.e. 115.4 billion dirhams), noting also that we are witnessing a notable boom in aeronautics which took advantage of the Kingdom’s potential, particularly with the establishment of numerous renowned foreign manufacturers, resolutely part of the dynamic at work under the leadership of His Majesty King Mohammed VI.
Morocco
