Exports of the automotive sector showed an increase of 12.9%, totaling MAD 32 billion by the end of April 2022. A rise of MAD 28.34 billion during the same period a year earlier, according to the Exchange office.
This increase exceeds the recorded total during the same period between 2018 and 2021, said the Foreign Exchange office in its recent note on the monthly indicators of foreign trade, noting that the share of these sales in total exports has declined by 4.3 points to 23% by the end of April.
Meanwhile, exports of textiles and leather have climbed 33.6% in the first four months of 2022, added to the same source.
This rise is due to increased sales of clothing items (+37.6%), hosiery (+29.7%), and footwear (+28%).
Exports reached their highest level during the same period in the last five years, according to the same source.
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