Moroccan exports have risen by 24% in 2021, amounting to over than MAD 326 billion, said the Minister of Finance Nadia Fattah.
During this week’s government council, the Minister highlighted the “significant efforts made to improve the exploitable supply” in the past year, which have enabled Morocco to achieve 62% coverage rate, noting an approximate 6 point improvement in 5 years.
Moroccan exports have also increased by 14.9% compared to the end of 2019, as national trade slowly recovers from the effects of the COVID-19 pandemic.
“Moroccan exports continued the same dynamic trend during the first month of 2022, which recorded a 23% export growth compared to the same month of 2021,” said the official.
The consistent rise of the volume of Moroccan exports “is largely supported by the ‘Made in Morocco’ brand,” according to a statement from the Head of Government’s department.
Indicators also show a fast-paced recovery than the one expected after drawing the first month of the pandemic, thanks to the diversified offers of exporting sectors.
The automotive sector for instance, “continued to prove its competitiveness by recording a 15% increase in exports in 2021, compared to 2020,” amounting to MAD 83.8 billion.
As for phosphates and its derivatives, “they have more than doubled,” according to the statement, as they’ve recorded over MAD 79.9 billion as a result of the global rise in prices, which increased 57% compared to 2020.
With regards to agricultural food products, exports increased by 9% compared to 2020, recording a total of MAD 68.4 billion. This development is attributed to the high demand for sales of the food and agricultural industry.
As for textiles and leather, it managed to achieve exports worth MAD 36.3 billion, recording a 21% increase, “as the Moroccan textile sector showed its competitiveness in a period marked by a severe health crisis.”
With regards to electrical and electronic exports, the government reports a 10% growth, with the sector’s trade revenue reaching MAD 13.3 billion.
Lastly, according to the Finance Minister’s presentation on the state of exports in Morocco, relayed by the head of government’s statement, the handicraft sector’s exports increased by 31% between January and February 2022, compared to the same period in 2021.
In order to exploit the full potential of the Moroccan offer, “the government has developed a strategy to keep pace with the biggest players in the exporting field to achieve a turnover of MAD 5 billion by 2030.”
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