exports up 40.4% at the end of April

exports up 40.4% at the end of April

Sales in the automotive sector reached nearly 44.91 billion dirhams (MMDH) at the end of April 2023, up 40.4% 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 (+40.4%), that of wiring (+43.4%) and that of vehicle interiors and seats (+29.2%), indicates the Office which has just published its monthly indicators of foreign trade.

At the same time, textile and leather exports increased by 11.6%, or 1.682 billion dirhams for the first four months of 2023. This development is attributable to the increase in exports of ready-made clothing (14.5% ), footwear (10%) and knitwear (+6.4%).

At the same time, sales in the electronics and electricity sector and those in the “other mining extractions” sector increased by 34% and 1.6% respectively.

With regard to exports of phosphates and derivatives, they stood at 24.68 billion dirhams at the end of April 2023, against 35.50 billion dirhams at the end of April 2022.

This change is explained by the decline in sales of natural and chemical fertilizers (-30.5%), those of phosphoric acid (-30.5%) and those of phosphates (-30.6%).

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