Stocks Market
Moroccan Trade Deficit Widens by 1.7% in February 2026
Morocco's trade deficit widened to 51.57 billion MAD in February 2026 (+1.7% YoY), driven by significant import growth across equipment goods (+32.9%) and consumer goods. Export gains were noted in automotive (+10.3%) and aerospace sectors, though textiles and phosphates declined sharply.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Morocco's trade deficit expanded to 51.57 billion MAD in February 2026, marking a 1.7% annual increase, per data from the national central bank. Import volumes surged 1.9% to 126.4 billion MAD, while exports grew 2% to 74.8 billion MAD.
Key import growth sectors: - Finished machinery (+14.5% to 31.48 billion MAD) - Consumer goods (+9.3% to 32.36 billion MAD) - Raw materials (+32.9% to 7.93 billion MAD). Meanwhile, exports showed strength in:
- Automotive sector (+10.3% to 26 billion MAD)
- Aerospace industry (+16.5% to 5.26 billion MAD)
- Other mining extracts (+35.8% to 1.06 billion MAD)
- Electricity sector (+2.5% to 2.75 billion MAD)
Weak export areas included textiles/leather (-9.2% to 6.49 billion MAD), agriculture (-3.7% to 17.54 billion MAD), and phosphates (-16.5% to 9.573 million MAD). The trade coverage ratio improved marginally to 59.2%.