Agadir – Morocco’s economy has seen resilient performances in exports for the duration of the first two months of 2026, with total exports of goods reaching MAD 74.842 billion ($7.48 billion) to mark a 2% increase compared to the same period in 2025.
According to the latest data from Morocco’s Foreign Exchange Office, this growth was primarily fueled by the strong performance of the industrial sectors. In particular, the Office cited the automotive and aeronautics sectors as having helped balance the declines in traditional sectors like phosphates and textiles.
Key sectors contributing to this growth
Industrial expansion remains the backbone of Morocco’s export strategy. The Automotive sector continues to dominate the top exporting industry, while Aeronautics showed the highest growth among major sectors.
The Exchange Office data showed that the automotive sector reached MAD 26.003 billion ($2.6 billion), a significant 10.3% increase. According to the Office, this rise was driven by a 14.8% jump in Cabling sales and a 14.5% increase in Construction.
For aeronautics, the report indicated a 16.5% growth, reaching MAD 5.258 billion ($ 526 million). This was largely due to a 27.2% surge in the Assembly segment.
Electronics and electricity remained stable at MAD 2.752 billion ($275 million) (+2.5%), supported by a rise in the export of wires and cables.
The Exchange Office’ data also showed that service exports surged by 13.3% to reach MAD 50.712 billion ($5.071 billion). According to the report, this performance is largely due to the tourism sector growth, which saw travel receipts increase by 22.2% to hit MAD 21.384 billion ($ 2.138 billion).
Remittances from Moroccans Residing Abroad (MRE) also contributed to the country’s financial stability, increasing by 4.2% to hit MAD 18.544 billion ($1.854 billion).
Together, these factors are crucial macroeconomic elements improving the balance of payments, narrowing the overall balance of payments, and injecting essential foreign liquidity into the Moroccan economy.
