The Exchange Office has just made its bulletin on the indicators of the external exchanges of Morocco in the first quarter of 2025, marked by the constant increase in the imports of goods, the good holding of the IDE and the Saw of Saw of Tourist Revenue Recipes.
The trade deficit was thus established at 71.63 billion dirhams (MMDH), in aggravation of 16.9% in annual sliding. This development covers an increase in imports of goods (+6.9% to 187.7 MMDH) and exports (+1.5% to 116.07 MMDH). The coverage rate lost 3.3 points to 61.8%.
In opposition to the increase in all import segments, exports have suffered from the decline in certain strategic sectors, fortunately compensated by the solid performance of “phosphates and derivatives” (+18.2% to 20.3 MMDH), “other mining extractions” (+20.2% to 1.38 mmdh), “other industries” (+16.8% to 7.52 MMDH) and ” Aeronautics ”.
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On the other hand, exports from the “electronic and electricity”, “automotive” and “textile and leather” sectors fell 11.6% respectively to 4.21 MMDH, 7.8% to 37.36 MMDH and 1.4% to 11.51 MMDH.
-In addition, the net flow of foreign direct investments (IDE) amounted to almost 9.16 billion dirhams (MMDH) in the first quarter (+63.6%). Revenue recorded an increase of 24.6% to more than 12.9 MMDH and expenses dropped from 20.8% to 3.81 MMDH.
Regarding the net flow of direct Moroccan investments abroad (IDME), it fell from 59.5% to 388 million dirhams (MDH), while revenue (transfers of these investments) decreased by 14.8% to 3.87 MMDH and expenses from 22.6% to 4.26 MMDH.
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As for travel recipes, they reached nearly 24.63 billion dirhams at the end of March. These revenues achieved growth of 2.4%, or +579 million dirhams (MDH).
As for travel expenses, they have been 7 MMDH, up 4.8% in annual sliding. Thus, the balance of the travel balance exceeded 17.62 MMDH during the first three months of 2025 (+1.5%).
