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Morocco’s exports set to rise 7.7% in 2025, driven by automotive and aerospace sectors
Morocco’s exports of goods and services are projected to grow by 7.7% in 2025, building on a robust 7.9% increase in 2024, according to the latest report from the country’s Forecasts and Statistics Office (HCP). The growth is attributed to sustained international demand, particularly in the automotive and aerospace industries, which have shown strong performance over the past year.
The HCP’s 2025 Economic Budget Outlook highlights that global exports have gained positive momentum in 2024, a trend expected to continue into the next year. However, the report notes a shift in the performance of key sectors. While phosphate exports and their derivatives experienced significant growth in 2024 due to high demand from major trading partners, this growth is anticipated to slow in 2025 as base effects come into play.
Textile exports, on the other hand, are expected to see only moderate growth, hampered by weak foreign demand and fierce competition in global markets. Meanwhile, the agricultural and agro-food sectors, which had a subdued performance in 2024, are likely to rebound in 2025, supported by a projected recovery in agricultural production.
In terms of volume, goods exports are forecast to rise by 7.4% in 2025, slightly below the 7.6% growth estimated for 2024. On the import side, the volume of goods and services is expected to increase by 7.9% in 2025, a notable decline from the 11.1% growth forecast for the previous year.
Despite these positive trends, the contribution of net external demand to Morocco’s economic growth is projected to remain negative at -0.8 percentage points in 2025. While this marks an improvement from the -2.3 points recorded in 2024, it underscores the challenges of balancing trade dynamics in a competitive global market.
The HCP’s outlook paints a cautiously optimistic picture for Morocco’s export-driven sectors, with the automotive and aerospace industries leading the charge. However, the report also highlights the need for strategic adjustments to address sector-specific challenges and capitalize on emerging opportunities in the global trade landscape.