Morocco’s energy imports dropped by 6.7% in 2024 to 113.8 billion dirhams, marking a second consecutive annual decline, according to the Office des Changes.
The decrease stems primarily from lower prices, which fell from 3,659 to 3,360 dirhams per ton, despite a 1.6% increase in volume.
Meanwhile, imports of finished capital goods rose 13% to 180.3 billion dirhams, boosted by purchases of utility vehicles (+3 billion), electrical circuit equipment (+2.1 billion), and plastic-processing machinery (+1.7 billion).
Consumer goods imports climbed 10.7%, led by passenger cars, auto parts, and pharmaceuticals. Semi-finished products rose 8% to 163.9 billion, while raw material imports recovered by 4.3%. Food imports grew modestly by 2.2%, down from 3.3% in 2023.
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