Foreign Trade Update: Import Unit Value Indices Decline by 5.8%, Export Indices Rise by 0.4% in Q3 2025

Overview of Import and Export Trends

According to a report from the High Commission for Planning (HCP), Morocco experienced a significant decline in import unit value indices, which dropped by 5.8% in the third quarter of 2025.

This downturn is largely attributed to substantial reductions in the unit values of several categories, including industrial equipment, semi-finished goods, energy and lubricants, consumer products, and food and beverages.

Key Contributors to Import Decline

Specifically, the unit values for industrial equipment fell by 8.7%, while semi-finished products decreased by 8.7%. Energy and lubricants saw an 11.6% drop, consumer goods declined by 3.1%, and food, beverages, and tobacco experienced a 3.8% reduction.

Additionally, raw animal and vegetable products saw a decrease of 2.3%, further contributing to the overall decline in import indices.

Export Performance Analysis

Conversely, the export unit value indices recorded a slight increase of 0.4%. This growth is primarily driven by a 10.7% rise in the unit values of semi-finished products and a 4.1% increase in mineral raw materials.

However, the average indices for various categories, including industrial equipment, consumer goods, food and beverages, energy and lubricants, and raw animal and vegetable products, experienced declines of 4.2%, 1.6%, 3%, 22.3%, and 17.3%, respectively.

These reductions have somewhat mitigated the overall increase in the export index, highlighting the mixed performance of Morocco's trade landscape in the third quarter.