The aeronautics sector in Morocco achieved exports totaling 10.68 billion dirhams (MMDH) during the first five months of 2024, marking a 17.6% increase compared to the same period last year, according to the Office des Changes.
This growth is driven by a 27.8% rise in sales from the assembly segment, reaching 6.9 MMDH, and a 2.2% increase in the Electrical Wiring Interconnection System (EWIS) segment, totaling 3.7 MMDH, as detailed in the Office des Changes’ latest bulletin on monthly foreign trade indicators.
Meanwhile, automotive exports saw a 12% rise to over 67.46 MMDH by the end of May. This increase was bolstered by growth in the construction segment (+11.7% to 29.36 MMDH), wiring (+11% to nearly 23.7 MMDH), and vehicle interiors and seats (+21.9% to 3.94 MMDH).
The Office des Changes also reported a 5.3% increase in phosphate and derivative exports, reflecting a rise in sales of natural and chemical fertilizers (+7.3%) and phosphates (+23%), despite an 11.2% decline in phosphoric acid exports.
In contrast, the electronics and electrical sector experienced a 6.7% drop, largely due to a 23% decrease in sales of electronic components.
Exports in the textile and leather sector also fell by 4%, with declines in footwear (-12.9%), ready-made garments (-3.6%), and hosiery (-1.5%).
The agriculture and agri-food sector saw a slight dip in exports, down by 0.7%.
