Morocco’s trade deficit widened to MAD 50.7 billion (USD 5.2 billion) in February 2025, a steep 22.1% year-over-year increase, according to new data released by Morocco’s foreign trade watchdog Office d’Echange (OE).
The increase in the deficit was fueled by a 7.4% rise in imports, which reached MAD 124.2 billion (USD 12.9 billion) in February, driven by strong consumer demand for vehicles, electronics, and pharmaceuticals.
Meanwhile, exports fell 0.8% to MAD 73.4 billion (USD 7.6 billion), with declines in industrial supplies, capital goods, and consumer products.
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