Morocco's trade deficit hits 198B dirhams

Morocco's trade deficit increased by 23.5% in the first half of 2026, reaching 198.38 billion dirhams, due to a 15.3% rise in imports to 458.77 billion dirhams, compared to a growth of only 9.7% in exports, which amounted to 260.39 billion dirhams. The export coverage ratio of imports dropped to 56.8%, with raw material imports increasing by 37.7% and ready-made product imports by 21.2%. Additionally, Morocco’s energy imports grew by 12%, reflecting the impact of regional tensions on fuel prices and the continued strong demand for imports in the country.

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