{"id":6361,"date":"2026-06-02T09:23:43","date_gmt":"2026-06-02T09:23:43","guid":{"rendered":"https:\/\/www.africa-press.net\/en\/home\/morocco-trade-deficit-rises-18-4"},"modified":"2026-06-03T11:12:03","modified_gmt":"2026-06-03T11:12:03","slug":"morocco-trade-deficit-rises-18-4","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/en\/economy\/morocco-trade-deficit-rises-18-4","title":{"rendered":"Morocco Trade Deficit Rises 18.4%"},"content":{"rendered":"<p><span class=\"ap-article-header-tag\"> <strong>Africa-Press. <\/strong> <\/span>The foreign exchange market regulator reported that Morocco&#8217;s annual trade deficit widened by 18.4% to reach 127 billion dirhams (13.8 billion dollars) in the first four months of this year.<\/p>\n<p>The regulatory body noted in its monthly report that imports rose by 12.7% compared to the previous year, reaching 296 billion dirhams, surpassing exports which amounted to 169 billion dirhams, an increase of 8.7%.<\/p>\n<p>Morocco&#8217;s energy imports increased by 12% to 41.8 billion dirhams, highlighting the impact of the U.S.-Israeli war on Iran on fuel prices. Additionally, wheat imports rose by 2% to 6.2 billion dirhams ahead of the import suspension period in June and July, which the government imposed to protect local crops.<\/p>\n<p>The automotive industry in Morocco, which includes factories from Stellantis and Renault, was the leading export sector with a value of 58.2 billion dirhams, an increase of 18.6%.<\/p>\n<p>Morocco has the largest phosphate reserves in the world, but it recorded a 1.5% decline in exports of the mineral and its derivatives, including fertilizers, reaching 27.1 billion dirhams.<\/p>\n<p>In April, the state-owned OCP Group, a producer of phosphates and fertilizers, announced that it would advance scheduled maintenance for the third and fourth quarters to the second quarter, which will lead to a 30% reduction in production.<\/p>\n<p class=\"ap-article-footer-note\">Find more news and analyses on <span class=\"ap-highlight-country\">Africa<\/span> on the <span class=\"ap-highlight-brand\">Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press. The foreign exchange market regulator reported that Morocco&#8217;s annual trade deficit widened by 18.4% to reach 127 billion dirhams (13.8 billion dollars) in the first four months of this year. The regulatory body noted in its monthly report that imports rose by 12.7% compared to the previous year, reaching 296 billion dirhams, surpassing exports [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":6359,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[120],"class_list":{"0":"post-6361","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-africa"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morocco Trade Deficit Rises 18.4% - Africa Press English<\/title>\n<meta name=\"description\" content=\"-article-header-tag&quot;&gt; Africa-Press. 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