Morocco's automobile industry scores the best export figures in recent years

For more than three years in a row is car industry the fastest growing sector in the Moroccan export!

From the data of research firm FEO (Foreign Exchange Office) clear figures come forward over the profitability of Morocco's exports. Three years in a row, the automobile industry the most growth. Where there all over Morocco 2015 258,742 cars went out, there were no less than 316,712 this last calendar year. A percentage increase of 24%. Between 2014 and 2015, there was also a considerable increase in the number of exported vehicles increased perceptibly, then with 22.4%.

In the whole, the Moroccan export with 2.5%, while the increase in 2015 (compared to 2014) still was 8.6%. This decrease was mainly caused by the decline in the export of the global sought after phosphate and derivatives. The total amount earned by export in 2016 is 223.4 billion dirham.

Agriculture and fisheries showed a growth of 5.1%, with a total amount of 2.3 billion dirhams in the previous calendar year.

The FDI (Foreign Direct Investments Office) on the other hand, has no such rosy figures. Investment in contrast to the years to do this, see less profitability: from 39.9 to 33.1 billion dirham (decrease of 17.1%).

automobile industry