Exports of phosphates and derivatives continued to rise in 2021 to reach 80.3 billion dirhams (MMDH), contributing almost half (+44.7%) to the increase in overall Moroccan exports, according to the Office des Changes.
Exports of phosphates and derivatives, up 57.8%, were driven by sales of natural and chemical fertilizers (+60.2%), phosphoric acid (+74.1%) and phosphates (+21.9%), specifies the Office in its annual report on Morocco’s foreign trade in 2021.
And note that exports of goods (expressed FOB – Free on board) show a growth of 25% to 328.8 billion dirhams in 2021.
With regard to the automotive sector, which was strongly affected in 2020, its exports are on the rise again and exceed their pre-crisis level to post an increase of 15.6% in 2021 compared to 2020. The sector maintains its position as leading exporter. Exports from the construction ecosystem (+34.7%) are behind this increase.
For their part, exports of the “Agriculture and agri-food” sector are also on the rise after having recorded stability in 2020. They show an increase of 11.4%, mainly attributable to the increase in sales of the food industry. (11.6%) and agriculture, forestry, hunting (11.1%).
This is also the case for the electronics and electricity sector, which saw its exports grow by 30.2% in 2021, after having stagnated in 2020. This development is mainly linked to the increase in exports of wires, cables and other insulated conductors. electricity (+1.3 billion dirhams) and electronic components (+1.3 billion dirhams).
Textile and leather exports increased by 21.7% to 36.4 billion dirhams, a level close to that of 2019 (36.9 billion dirhams). This development is the result of the increase in sales of ready-made clothing (+4.5 billion dirhams) and knitwear (+1.7 billion dirhams).
For their part, aeronautical exports follow the same trend and increase by 24.5% in 2021. However, the sector is not returning to its pre-crisis level, underlines the Office.
By product, Morocco’s exports are predominated by seven products which account for 55.2% of total exports.
Natural and chemical fertilizers rank first among the products exported in 2021 (15.7%), followed by passenger cars (11.4%) and wires, cables and other insulated conductors for electricity (8.7% ). Coming in fourth position are ready-made clothing (6.9%), ahead of phosphoric acid (6%), crustaceans, molluscs and shellfish (3.5%) and parts of aircraft and other air or space vehicles (3%).