Rabat – Morocco’s automotive industry remained the country’s top export sector in the first half of 2026, with exports reaching MAD 93.655 billion ($10.06 billion), up 17.4% from MAD 79.807 billion during the same period last year, according to the Foreign Exchange Office’s monthly foreign trade indicators for June.
The increase was driven mainly by construction activities, whose exports rose by MAD 7.988 billion to MAD 37.934 billion. Wiring exports climbed by MAD 4.284 billion to MAD 35.050 billion, while exterior components increased by MAD 983 million to MAD 2.952 billion.
Overall exports reached MAD 260.397 billion between January and June, compared with MAD 237.305 billion a year earlier, an increase of 9.7% or MAD 23.092 billion. Imports grew at a faster pace, rising 15.3% to MAD 458.778 billion from MAD 397.887 billion in the first half of 2025. As a result, Morocco’s trade deficit widened by 23.5% to MAD 198.380 billion, while the coverage rate fell from 59.6% to 56.8%.
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Agriculture and agrifood exports rose 5.7% to MAD 52.382 billion, supported by higher food industry exports. Aeronautics exports increased 19.3% to MAD 17.323 billion, driven by assembly and Electrical Wiring Interconnection System activities. Other mining exports more than doubled in value to MAD 5.660 billion, largely due to higher copper ore shipments.
Some sectors recorded declines. Phosphate and derivative exports fell 2.3% to MAD 45.428 billion as exports of phosphates and fertilizers decreased. Textile and leather exports dropped 6.5% to MAD 21.069 billion, while electronics and electricity exports slipped 4.4% to MAD 6.624 billion.
On the import side, purchases of finished equipment products rose 21.2% to MAD 112.342 billion. Energy and lubricant imports increased 28.9% to MAD 68.582 billion, mainly due to higher gas oil and fuel oil imports. Consumer finished goods imports reached MAD 111.116 billion, up 14.2%, while raw products imports rose 37.7% to MAD 28.823 billion.
The report also showed travel receipts increasing 15.9% to MAD 64.898 billion, while the services trade surplus grew 16.8% to MAD 80.031 billion. Foreign direct investment receipts into Morocco reached MAD 33.911 billion, up 14.4%, pushing net FDI inflows to MAD 26.161 billion, a 31.5% increase compared with the first half of 2025.
