.jpg&w=3840&q=75)
Stocks Market
Morocco’s Q3 2025 Foreign Trade: Import Unit Values Fall 5.8%, Export Prices Edge Up 0.4%
The High Commission for Planning (HCP) released its Q3 2025 foreign‑trade bulletin, showing a 5.8 % contraction in the import unit‑value index and a modest 0.4 % rise in the export index. The import drop is driven by lower prices for industrial equipment, semi‑finished goods, energy, consumer products and food‑related items, while export growth stems mainly from higher prices for semi‑finished and raw mineral products. Average value indices for several sectors also slipped, partially offsetting the overall export increase. These data provide a snapshot of Morocco’s trade price dynamics as of the third quarter of 2025.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Key figures for Q3 2025
The High Commission for Planning (HCP) reports that Morocco’s import unit‑value index dropped by 5.8 % in the third quarter of 2025, while the export unit‑value index rose modestly by 0.4 %.
Drivers of the import decline
The fall in import values is mainly due to lower prices for several product groups:
- Industrial equipment finished goods: –8.7 %
- Semi‑finished products: –8.7 %
- Energy and lubricants: –11.6 %
- Consumer finished goods: –3.1 %
- Food, beverages and tobacco: –3.8 %
- Raw animal and vegetal products: –2.3 %
What powered the export increase
Export unit values grew thanks to higher prices for:
- Semi‑finished products: +10.7 %
- Raw mineral products: +4.1 %
Average value indices
Average value indices for several categories slipped, partially offsetting the overall export gain:
- Industrial equipment finished goods: –4.2 %
- Consumer finished goods: –1.6 %
- Food, beverages and tobacco: –3.0 %
- Energy and lubricants: –22.3 %
- Raw animal and vegetal products: –17.3 %
These figures are extracted from the HCP’s “Indices of Foreign Trade (ICE) – Q3 2025” bulletin.