Morocco: Trade Deficit Widens by 18.4% at the end of June

This development includes an increase in imports of goods (+8.9% to 398.04 billion MAD) and exports (+3.1% to 236.17 billion MAD), the Office stated in its bulletin on the monthly indicators of foreign trade for June 2025. The coverage rate dropped by 3.3 points to 59.3%. The increase in imports was due to a rise in raw products (+29.3% to 21.15 billion MAD), finished equipment products (+14.9% to 93.22 billion MAD), finished consumer products (+13.3% to 96.88 billion MAD), food products (+6.6% to 48.23 billion MAD), and semi-finished products (+6.1% to 84.63 billion MAD). The energy bill, on the other hand, decreased by 7.4% to 53.04 billion MAD. As for exports, they were supported by the "Phosphates and derivatives" sector (+18.9% to 46.56 billion MAD), "Other industries" (+13.1% to 15.68 billion MAD), "Aeronautics" (+8.8% to 14.13 billion MAD), and "Agriculture and agri-food" (+3.2% to 48.54 billion MAD). However, exports from the "Electronics and electricity," "Textile and leather," and "Automobile" sectors decreased by 7.8% to 8.59 billion MAD, 4% to 22.52 billion MAD, and 3.6% to 77.6 billion MAD, respectively.