Automobile Industry: Exports Increase 4.1% at End-February

Automobile exports reached 15.74 billion dirhams for the first two months of 2021, up 4.1% compared to the end of February 2020, according to the Exchange Office.

This development is mainly due to the increase in sales of the “construction” segment by 8.6%, said the Office in its bulletin on foreign trade indicators of February 2021.

This increase is slowed down by the fall in sales of the “wiring” segment and the “vehicle interior and seats” segment of 3.7% and 2.2% respectively, specified the same source, noting that the share of this sector in the total of exports increased by 2 points to 31.7%.