Exchange Office: Car Industry Boosts Export

Exchange Office: Car Industry Boosts Export



At the end of April, exports rose 4.3% to 64.5 billion dirhams. An increase that was mainly due to sales of the automotive sector which have increased by 48.4%.

Said value of car exports represents 21.5% of total exports in the first four months of this year as they have totalled to 13.9 billion dirhams.

While textile, leather, phosphates and derivatives exports represent some of Morocco’s most valuable industries and exports, car exports value have exceeded both of them combined.

On the other hand, according to the exchange office, phosphates and derivatives have known a decrease of 13.7% in exports summing up to 11.23 billion dirhams.

The Moroccan Times.