Morocco’s Export Performance Highlighted in Parliamentary Session

During a session held on December 17, 2024, at the House of Councillors, Omar Hejira, Secretary of State to the Minister of Industry and Trade in charge of foreign trade, presented a series of statistics and insights showcasing Morocco’s impressive export performance and the challenges faced by this vital sector.

Hejira highlighted that Morocco records daily exports worth 1 billion dirhams in industrial goods, reflecting the development of the industrial sector. Industrial goods account for approximately 88% of the country’s total merchandise exports. Notably, 38% of the companies driving this growth are small and medium enterprises (SMEs), emphasizing their significant role in bolstering the national economy.

In terms of achievements, Hejira noted that Morocco produces one car every minute, cementing its position as a key player in the regional and global automotive industry. However, Moroccan exports currently cover only 39% of global markets, underscoring the need to expand target markets. He also mentioned that Moroccan exports currently offset 60% of imports, leaving room for further growth.

Regarding export destinations, 71.8% of Moroccan exports are directed towards European markets, with 63.3% going to the European Union. African markets receive 7.6% of total exports, while 8.8% are destined for American markets, including 3% to the United States. Asian markets account for 9.3% of exports, with only 1% reaching Arab Asian countries.

As part of government initiatives to boost exports, Hejira announced the launch of a digital platform aimed at facilitating communication between Moroccan exporters and international importers. This project leverages modern technology to enhance trade performance and increase the presence of Moroccan products in global markets.

source : fesnews media

About Mansouri abdelkader