Morocco's trade deficit grows over 25% early this year

Here is a summary of the article's content regarding Morocco's trade deficit during the first eight months of the year: Morocco's trade deficit increased by 25.4% year-on-year, reaching approximately 282.6 billion dirhams. This was due to a 15.8% rise in imports, which totaled 617.5 billion dirhams, compared to an 8.7% increase in exports, amounting to 334.8 billion dirhams. The automotive manufacturing sector was the leading exporter, with a growth of 14.5%, while phosphate and its derivatives exports declined by 6%. On the other hand, energy imports saw a significant increase of 32.6%, with sulfur imports rising by 27.2 billion dirhams, while wheat imports decreased by 18.4%. Simultaneously, remittances from Moroccans living abroad grew by 9%, reaching around 89 billion dirhams. Tourism revenue increased by 9.7%, reaching approximately 97 billion dirhams. Foreign direct investment continued to grow by 17%, reaching 47.3 billion dirhams, reflecting ongoing external investment flows into the Moroccan economy.

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