Morocco's trade deficit grows 6.5% in first eleven months

Morocco's trade deficit increased 6.5% to 275 billion dirhams ($27.2 billion) through November this year, according to the foreign exchange regulator. Imports rose by 5.7% to 689 billion dirhams, surpassing exports, which increased 5.2% to 413 billion dirhams. Notably, energy imports fell 5.9% to 104 billion dirhams and wheat imports declined 8.7% to 16.3 billion dirhams. The automotive sector, led by Stellantis and Renault, topped exports at 145 billion dirhams, up 6.7%.