The extractive sector continued its rebound in the first half of 2025, driven largely by a surge in raw phosphate production. According to the Directorate of Financial Studies and Forecasts, output climbed 15.1% over the six-month period, with a noticeable acceleration between the two quarters. Growth rose from 11.9% in Q1 to a robust 18.1% in Q2, underscoring a solid upward trajectory.
Phosphate derivatives also posted gains, with production increasing 6.8% by the end of June. However, this performance remains modest compared to the same period last year, when growth hit an impressive 30.3%.
On the export front, phosphate and derivative sales reached 46.6 billion dirhams in value during the first half, reflecting an 18.9% year-on-year increase. That marks a stronger showing than in 2024, driven by a 16% rise in derivative exports and, more notably, a sharp 51.4% rebound in raw phosphate sales—recovering from a slight decline the year before.
