Automobile exports reached MAD58.35 billion during the first nine months of 2021, up by 16.4% compared to the same period last year, according to the Exchange Office.
This development is mainly due to the increase in exports of the construction (+22.4%), wiring (+7.7%), as well as vehicle interior and seats (+7,1%).
The number of exported tourist cars increased by 16.6%, reaching a total of 244,156 cars exported by the end of September 2021.
The Exchange Office stated that exports of phosphate and its derivatives rose by 44.6%, reaching about MAD54.83 billion, explaining that this increase was attributed to the rise in sales of natural and chemical fertilizers (+ MAD10.52 billion).
As for exports of the agricultural and food industry sector, it is the third-largest sector in terms of exports, up 10% reaching MAD49.77 billion by the end of September 2021.
This rise is explained by the increase in exports of food industries (+MAD3.11 billion), and in the agricultural sector (MAD+1.29 billion).
Textile and leather exports rose as well by 19.9%, as a result of the recorded increase in sales of ready-to-wear clothes (MAD3.07 billion), and socks (MAD1.3 billion), while those exports remain lower than what was achieved during the 2017-2019 period.
Previously, the Exchange Office stated that automobile exports reached MAD15.74 billion for the first two months of 2021, up 4.1% compared to the end of February 2020, according to MAP.
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