Morocco's trade deficit rises 15.5%
Morocco's exports experienced a slight increase of 3%, reaching 470 billion dirhams, while imports rose by 8% to 822.3 billion dirhams during the year 2025. This led to a worsening of the trade deficit by 15.5%, amounting to 352.3 billion dirhams. As a result of this change, the import coverage ratio decreased from 59.9% in 2024 to 57.2% in 2025, and the deficit share of GDP rose from 19.9% to 22.7%. Additionally, the import penetration rate compared to domestic demand increased, and export momentum showed a slight uptick. The energy products deficit declined, while the deficit for manufactured goods increased. The deficit for ready-made consumer products amounted to 30.1 billion dirhams, and the food products deficit rose to 12.3 billion dirhams.
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