Exports: strong gains in aviation and phosphate, challenges for others

Exports: strong gains in aviation and phosphate, challenges for others
Thursday 19 September 2024 - 12:11

The Exchange Office reported that aviation sector exports reached 15.34 billion dirhams in the first seven months of 2024, marking a 20.3% increase compared to last year.

This growth was driven by a 32.4% rise in assembly category sales, totaling 10.04 billion dirhams, along with a 2.2% increase in electrical wiring interconnection system (EWIS) sales, which amounted to 5.21 billion dirhams.

Automobile exports rose by 8.5% to 92.75 billion dirhams, supported by significant gains in car interior parts and seats (up 18.3%), manufacturing (up 7.3%), and electrical wires (up 8.3%).

Exports in the phosphate and derivatives sector also improved by 14.1% to 46.16 billion dirhams, driven by a substantial 49.4% increase in phosphate sales, alongside growth in natural and chemical fertilizers (up 11.2%) and phosphoric acid (up 10.3%).

Exports in the textile and leather, other industries, electronics and electricity, and agriculture and food sectors declined by 2.1% to 27.94 billion dirhams, 3.3% to 15.82 billion dirhams, 2.6% to 10.18 billion dirhams, and 0.9% to 51.13 billion dirhams, respectively.

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