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Source:
فبراير.كوم
Morocco Metals Export Over 3 Billion AED
The Moroccan metals and scrap export sector to the European Union achieved a record surge during the first eight months of the year, with its value increasing by 110.59% compared to the same period last year, reaching approximately MAD 3.04 billion (EUR 281.22 million). Despite this significant financial growth, it was not accompanied by a comparable increase in the volume of shipped shipments, as the growth in quantities did not exceed 14.23%, leading to an approximate 84.36% rise in the average value per unit exported. August marked a pivotal turning point, with European purchases experiencing exceptional growth, reaching EUR 40.03 million—an increase of 613.38% over the same month last year—significantly contributing to the cumulative annual growth. This development includes an accumulation of higher-value products such as concentrated metals and scrap, posing challenges in monitoring the national added value and the true economic benefit of this market rebound.
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