Morocco’s exports of phosphates and derivatives rose 18.2% year-on-year to MAD 20.3 billion ($2 billion) in the first quarter, driven by higher global demand and stronger fertilizer shipments, the Foreign Exchange Office said Thursday.
Sales of natural and chemical fertilizers, the largest component, climbed 14.9% to MAD 14.8 billion, while phosphate rock exports surged 52.8% to MAD 2.01 billion. Phosphoric acid shipments also gained 17.2% to reach MAD 3.5 billion.
The aeronautics sector posted a 15% increase to over MAD 7 billion, bolstered by a 17.9% rise in assembly exports and a 10.4% gain in EWIS (electrical wiring interconnection systems) shipments.
Other notable growth sectors included mining (+20.2%), diversified industries (+16.8%), and agriculture and agri-food (+0.8%), which totaled MAD 26.7 billion.
By contrast, exports in electronics and electrical goods fell 11.6% to MAD 4.2 billion, while the automotive sector declined 7.8% to MAD 37.4 billion and textiles slipped 1.4% to MAD 11.5 billion.
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