Morocco’s trade deficit widens to 225.9 billion dirhams in eight months of 2025

Morocco’s trade deficit reached 225.9 billion dirhams in the first eight months of 2025, up 15.5 percent from a year earlier, according to the Foreign Exchange Office.

Imports rose 8.4 percent to 533.42 billion dirhams, outpacing a 3.8 percent increase in exports to 307.49 billion dirhams, bringing the coverage rate down to 57.6 percent.

Import growth was driven by raw materials (+31.5 percent), consumer goods (+13.4 percent) and equipment goods (+13 percent), while energy costs fell 6.2 percent.

Exports were boosted by phosphates (+21.1 percent), aerospace (+5.6 percent) and agriculture (+3.8 percent). Services posted a surplus of 102.04 billion dirhams.