Sales in the automotive sector stood at nearly 57.84 billion dirhams (MMDH) at the end of May 2023, up 39.9% compared to the same period a year earlier, according to the Office des Changes.
This development follows the increase in sales of all segments of the sector, namely the construction segment (+35.9%), that of wiring (+46.3%) and that of vehicle interiors and seats (+31.9%), indicates the Office which has just published its monthly indicators of foreign trade.
At the same time, textile and leather exports increased by 15.9%, or 2.84 billion dirhams for the first five months of 2023. This development is attributable to the increase in exports of ready-made clothing (19. 5%), footwear (12.4%) and knitwear (+8.8%).
In addition, sales of the electronics and electricity sector and those of the “other mining extractions” sector increased by 35.9% and 23.2% respectively.
With regard to exports of phosphates and derivatives, they stood at 31.13 billion dirhams at the end of May 2023, against 47.20 billion dirhams at the same period of 2022. This development is explained by the decline in sales of natural and chemical fertilizers (-33.8%), those of phosphoric acid (-33.7%) and those of phosphates (-36.3%).