HomeEconomyThe Government announces a 24% increase in 2021

The Government announces a 24% increase in 2021

Moroccan exports increased by 24% in 2021, amounting to more than 326 billion dirhams, said Minister of Economy and Finance Nadia Fettah Alaoui.

During the government council this week, Nadia Fettah Alaoui underlined the “significant efforts made to improve the exploitable offer” over the past year, which have enabled Morocco to reach a coverage rate of 62%, noting an improvement of about 6 points in 5 years.

Moroccan exports also increased by 14.9% compared to the end of 2019, as national trade slowly recovered from the effects of the coronavirus pandemic.

“Moroccan exports continued the same dynamic trend during the first month of 2022, which recorded a growth in exports of 23% compared to the same month of 2021”, the manager said.

The constant increase in the volume of Moroccan exports “is widely supported by the “Made in Morocco” brandaccording to a press release from the head of government’s department.

The indicators also show a faster than expected recovery thanks to the diversified offers of the exporting sectors.

The automotive sector, for example, “continued to prove its competitiveness by recording a 15% increase in exports in 2021, compared to 2020”amounting to 83.8 billion dirhams.

As for phosphates and their derivatives, “they have more than doubled”, according to the press release, since they recorded more than 79.9 billion dirhams due to the global increase in prices, which increased by 57% compared to 2020.

With regard to agri-food products, exports increased by 9% compared to 2020, recording a total of 68.4 billion dirhams. This development is attributed to strong sales demand from the food industry.

As for textiles and leather, it managed to achieve exports worth 36.3 billion dirhams, registering an increase of 21%, “while the Moroccan textile sector has shown its competitiveness in a period marked by a serious health crisis”.

With regard to electrical and electronic exports, the government reports a growth of 10%, with commercial revenue from the sector reaching 13.3 billion dirhams.

Finally, according to the presentation of the Minister of Finance on the state of exports to Morocco, relayed by the press release from the Head of Government, exports of the crafts sector increased by 31% between January and February 2022, compared to the same period in 2021.

In order to exploit the full potential of the Moroccan offer, “the government has developed a strategy to keep pace with the biggest players in the export field to reach a turnover of 5 billion dirhams by 2030”.




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