Morocco’s trade deficit widens 18.4% in first half of 2025 amid slump in auto exports

Morocco's Trade Deficit Widens Amid Auto Export Slump

First-Half Figures Reveal 18.4% Increase in Deficit

Morocco's trade deficit surged by a significant 18.4% year-on-year during the first half of 2025, reaching 161.8 billion dirhams ($17.8 billion), according to the latest foreign trade bulletin from the Office des Changes.

This widening gap is primarily attributed to a slowdown in automotive exports, which have traditionally been key contributors alongside phosphate products to Morocco's economic output.

"The decline in auto exports has played a major role in the increase of the deficit," stated an official source.

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