Trade Deficit Reaches 353 Billion Dirhams by End of 2025
The Office of Foreign Exchange has reported that the trade deficit reached approximately 353.15 billion dirhams by the end of 2025, marking an increase of 15.8 percent compared to 2024.
In its monthly indicators report on foreign trade, the office attributed this increase primarily to an 8 percent rise in goods imports, exceeding 822.22 billion dirhams, while exports saw a modest increase of 2.8 percent to around 469.1 billion dirhams. This led to a decrease in the coverage rate by 2.9 points, settling at 57 percent.
The same source noted that the rise in imports is largely due to a substantial increase in imports of industrial gold, which surged by 99.7 percent to 1.87 billion dirhams. This was accompanied by significant growth in raw materials (up 31.5 percent to 43.74 billion dirhams), ready-to-process products (up 13.3 percent to 199.13 billion dirhams), and consumer goods (up 11.8 percent to 203.46 billion dirhams), alongside semi-finished products (up 4.8 percent to 171.83 billion dirhams) and food products (up 3.3 percent to 94.6 billion dirhams).
Regarding exports, they benefited mainly from the positive performance of the phosphates sector and its derivatives, which recorded a 13.6 percent increase to reach 99.8 billion dirhams, along with the aeronautics sector, which grew by 10 percent to nearly 29.1 billion dirhams.
On another note, the Office of Foreign Exchange reported that the services balance surplus continued to improve, registering a 14.2 percent increase to exceed 159.6 billion dirhams, driven by a 9.7 percent rise in imports to 155.37 billion dirhams, and an 11.9 percent increase in exports to 315 billion dirhams.
