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Morocco: merchandise trade and industrial exports

This dossier follows Office des Changes data on Moroccan merchandise trade, imports and sectoral export performance. It distinguishes statistical periods and provisional figures.

Last updated : 1 key moments
Moroccan dirham.
Moroccan dirham, December 2021. Archive monetary illustration. Maroc 2022, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/ ; unchanged. — Maroc 2022 / Wikimedia Commons — CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/ — 21 décembre 2021, sans modification.

Where things stand

Provisional figures through September 2026, reported on October 31, show MAD 384.05 billion in exports and MAD 707.99 billion in imports. The deficit reaches MAD 323.94 billion.

Reported information

Morocco: aeronautics exports rise 22.3% as goods trade deficit widens

Moroccan aeronautics exports exceed MAD 26.21 billion through September 2026, up 22.3% year on year, according to Office des Changes figures reported on October 31. The nine-month merchandise trade deficit reaches MAD 323.94 billion.

Moroccan dirham.
Moroccan dirham, December 2021. Archive monetary illustration. Maroc 2022, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/ ; unchanged. — Maroc 2022 / Wikimedia Commons — CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/ — 21 décembre 2021, sans modification.

Automotive exports total MAD 132.11 billion, an annual increase of 14.3%. Agriculture and agri-food reach MAD 72.43 billion, up 10.7%, while textiles and leather fall 5% to MAD 32.15 billion, according to reporting by Morocco World News and MAP.

Export growth does not offset the rise in imports. Hespress, which says it consulted the provisional bulletin, reports imports of MAD 707.99 billion, up 17%, against exports of MAD 384.05 billion, up 10.7%. The deficit consequently increases 25.4%. This goods balance is separate from services receipts and remittances from Moroccans abroad.

Sources 3