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Morocco's trade deficit exceeded 159 billion dirhams at the end of May 2026, marking an increase of 20.8% compared to the same period last year. This rise is due to an 11.8% increase in imports, reaching 370.5 billion dirhams, while exports grew by 5.8% to amount to 211.41 billion dirhams, resulting in a decrease in the coverage ratio to 57.1%. Imports of energy products, raw materials, and finished goods have risen, while food product imports have declined. Conversely, exports in the automotive and aviation sectors have increased, whereas exports in the textiles, electronics, and phosphates sectors have decreased. Additionally, the kingdom’s services balance rose by 11.1%, reaching 64.3 billion dirhams.
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