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Trade deficit hits 198B dirhams by mid 2026
Morocco's trade deficit increased in the first half of 2026 to 198.38 billion dirhams, marking a 23.5% rise compared to the same period last year. This increase was driven by a 15.3% jump in imports, which reached 458.77 billion dirhams, while exports grew by 9.7% to total 260.39 billion dirhams. As a result, the coverage rate declined to 56.8%. Imports of certain products rose significantly, especially raw materials (+37.7%) and finished goods (+21.2%), while sectors such as automotive and aerospace contributed to export growth with increases of 17.4% and 19.3%, respectively. Meanwhile, Morocco's trade balance in services recorded a surplus of 16.8%, amounting to approximately 80 billion dirhams, with both imports and exports in this sector increasing.
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