Automobile Exports Sustain Impressive Momentum, Driving Economic Surge
In a remarkable display of resilience and growth, the automotive sector's exports surged to over 130.64 billion DH by the end of last November, marking a substantial 30.2% year-on-year increase, as reported by the Office of Foreign Exchange. This surge finds its roots in the expanding sales within the construction segment (+12.64 billion DH), the wiring sector (+10.42 billion DH), and the interior vehicle and seating category (+2.19 billion DH), as meticulously outlined in the Office's monthly bulletin on foreign trade indicators.
Simultaneously, the electronic and electrical sector experienced a notable 27.3% spike, reaching 21.3 billion DH by the close of November 2023. The textile and leather industry witnessed a commendable 5.7% growth, propelled by the upswing in sales of tailored garments (+7.4%) and knitwear items (+5.9%). However, footwear exports saw a marginal decline of 4.6%. Meanwhile, the aeronautical sector maintained stability, with exports hovering around the 19.64 billion DH mark by the end of November 2023.
This robust performance underscores the industry's strategic diversification and underscores its pivotal role in the nation's economic landscape. As we navigate through the dynamic global trade landscape, the automotive sector stands tall, proving its mettle and contributing significantly to the nation's economic prosperity.
Lire aussi
Latest News
- 16:50 International U19 Tournament 2025: Top Junior Clubs to Compete at Mohammed VI Academy
- 16:12 U.S. issues travel warning amid concerns of imminent attacks in Syria
- 15:43 Unveiling prehistory: researchers rediscover humanity in Casablanca
- 15:12 OCP Green Water secures 6 billion dirhams to enhance sustainable water strategy
- 14:35 Rima Hassan’s controversial stance on Morocco: A political maneuver or genuine advocacy?
- 12:50 Aer Lingus expands connectivity with new Cork to Bilbao route
- 12:20 Siel 2025: Celebrating culture and literary legacy in rabat