Morocco's trade deficit widens to 244.69 billion DH by end of July 2026

This widening deficit is attributed to a larger rise in imports +15.9% or +74.481 billion DH totaling 544.045 billion DH, compared to the increase in exports +8.4% or +23.174 billion DH which reached 299.34 billion DH. As a result, the coverage rate decreased by 3.8 points to 55%. The growth in imports was driven by several product categories, including raw products +52.2% to 36.939 billion DH, energy bills +29.1% to 81.195 billion DH, finished capital goods +20.8% to 133.203 billion DH, and finished consumer goods +12.3% to 129.873 billion DH.

Moroccan exports saw an 8.4% increase, primarily boosted by the automotive sector, which grew by 14.9% to 107.14 billion DH. This automotive growth was fueled by increases in the "Construction" +19.9%, "Cabling" +13.8%, and "Exterior" +47.9% segments. The aeronautics sector also improved its exports by 19.7% to 20.56 billion DH, with increases in "Assembly" +24.3% and "Electrical Wiring Interconnection System" +10.4%.

Agriculture and agri-food exports rose by 7%, led by the food industry +13.3%. However, exports from the "Phosphates and derivatives" -7.8%, "Textile and leather" -5.5%, and "Electronics and electricity" -2.9% sectors decreased. Additionally, travel receipts reached 79.009 billion DH, up 13.4% from 2025, and remittances from Moroccans residi