RABAT, April 6 – Morocco’s export earnings edged higher at the start of 2026, supported by strong industrial output and a rebound in services, according to new data from the Foreign Exchange Office.
Total goods exports reached MAD 74.842 billion (about $7.48 billion) in January and February, marking a 2% increase compared to the same period in 2025. The growth was largely driven by industrial sectors, even as some traditional export categories recorded declines.
The automotive sector remained the country’s leading export earner, generating MAD 26.003 billion, up 10.3% year-on-year. The increase was underpinned by a 14.8% rise in cabling and a 14.5% gain in vehicle construction.
Aeronautics posted the fastest growth among major industries, expanding by 16.5% to MAD 5.258 billion, helped by a 27.2% surge in assembly activities.
Other segments showed more modest gains. Electronics and electricity exports rose by 2.5% to MAD 2.752 billion, supported by higher shipments of wires and cables. These improvements helped offset weaker performance in sectors such as phosphates and textiles.
Beyond goods, service exports recorded a stronger expansion. Receipts rose by 13.3% to MAD 50.712 billion, driven mainly by tourism. Travel income climbed by 22.2% to MAD 21.384 billion.
In addition, remittances from Moroccans living abroad increased by 4.2% to MAD 18.544 billion.
