Morocco Records Positive Performance in Energy, Industry, and Exports in 2025 with Sectoral Variations
The Economic and Financial Studies Directorate’s economic memorandum for December 2025 highlighted Morocco’s economic performance throughout the current year, noting positive dynamics in several strategic sectors.
The memorandum indicated that national electricity production rose by 6.1% during the first ten months of 2025, driven by an increase in production from the private sector (7.7%) and the National Office of Electricity and Drinking Water (7.2%). Additionally, net electricity consumption increased by 7.5%, reaching its highest level in the past twelve years, with electricity imports rising by 26.2% until the end of October.
In the extractive sector, the revenue from phosphate and its derivatives exports exceeded 80.6 billion dirhams, growing by 16.7%, bolstered by a 33.9% increase in raw phosphate exports and a 15% rise in its derivatives. In the agricultural and fishing sectors, product exports reached 33.5 billion dirhams, marking a 7.3% increase, despite a 15% decline in coastal and artisanal fishing yields due to an 18.5% drop in surface fish, while white fish and seaweed saw increases of 8% and 24%, respectively.
In the industrial sector, the production index in manufacturing industries rose by 2.2% by the end of September 2025, driven by growth in food industries (11.3%), the manufacture of metallic and non-metallic products (12.2%), chemicals (4.3%), automotive production (7.4%), as well as rubber and plastics products (16.2%).
In construction, cement sales recorded a 10% increase by the end of November, supported by a 26.6% rise in ready-mix concrete sales, while mortgage financing rose by 3.2% to exceed 319 billion dirhams, with housing loans growing by 3.3%.
Regarding foreign trade, Moroccan goods exports increased by 2.6% to reach 385.2 billion dirhams by the end of October, bolstered by the phosphate sector, agriculture, food industries, and aerospace, which saw a rise of 8.3% to 23.7 billion dirhams. Conversely, food industry exports declined by 3.6%, and the textile and leather sector fell by 3.9%, impacted by a 3.1% decrease in ready-made clothing and a 6.9% drop in knitting products.
These indicators reflect Morocco’s continued efforts to enhance its production and export capacities, despite varying performances across different sectors amid evolving domestic and external demand dynamics.
