Morocco’s phosphate exports surge as total trade hits US$46.5B by November 2025

MOROCCO – Morocco’s exports reached MAD 423.54 billion ($46.46 billion) by the end of November 2025, supported by strong gains in phosphates and high-value industrial sectors, according to data from the Exchange Office.

Morocco’s phosphate exports, including raw materials and derivatives, climbed to MAD 87.14 billion (US$9.56 billion), reflecting a 13.8% increase compared with the same period last year.

Raw phosphate shipments recorded the steepest rise, jumping 28.9%, while fertilizer exports grew by 11.7% and phosphoric acid sales rose 14.6%.

“Phosphates continue to be a vital source of foreign currency earnings for Morocco, and international demand remains robust across all product segments,” said a spokesperson from the Exchange Office.

The sector’s strong performance demonstrates its central role in Morocco’s trade structure. Analysts note that both raw and processed phosphate products have helped offset weaker results in other areas of the economy.

Aeronautics and industrial exports gain momentum

Morocco’s aeronautics industry also recorded notable growth, with exports increasing 8.5% to MAD 26.26 billion (US$2.88 billion). Gains came from assembly activities, which expanded by 8.8%, and electrical wiring interconnection systems, or EWIS, which grew 8.1%.

“The aeronautics sector benefits from integrated industrial ecosystems and steady international demand, making it one of Morocco’s most dynamic export industries,” the spokesperson added.

Traditional sectors face challenges

Not all sectors showed growth. Agricultural and agri-food exports fell slightly by 0.2%, while automotive shipments declined 3.1%. Textile and leather exports decreased 4.7%, and electronics and electricity exports dropped 8.7%, reflecting competitive pressures and changing international markets.

Despite these setbacks, Morocco’s total exports held a positive trajectory, driven largely by phosphates and high-value industries.

The Exchange Office noted that the trade structure is becoming more reliant on industrial exports while traditional sectors face ongoing challenges. “Even with mixed sector results, overall trade growth reflects Morocco’s ability to adapt and strengthen key export areas,” the spokesperson said.

As Morocco heads into 2026, maintaining momentum in phosphate exports and industrial sectors will remain crucial to sustaining trade growth and foreign currency inflows.

Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE.