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Automotive double its export earnings in 5 years

More than MAD 240 billion! This is the turnover of industrial exports made by all operators in the Moroccan secondary sector between 2013 and 2018. The figures come from a study conducted by the Ministry of Industry, Investment, Trade, and the Digital Economy, based on data collected from the Office of Foreign Exchange, OCP and the Department of Industry.

The Kingdom’s exports increased from MAD 161 billion in 2013 to MAD 240 billion in 2018, a jump of MAD 79 billion or a 50% increase in five years. The automobile is by far one of the main contributors in 2018 with more than 65.1 billion of export sales (27.1% of sales).

Phosphate derivatives for more than 43.4 billion (18% of exports), textiles and leather for a contribution amounting to MAD 38.6 billion (16%), followed by food industries (13.45%), aeronautics (5.78%) and electronics (4%). But in terms of relative growth, the auto industry achieved more than 105% growth, the largest jump in the period.

The fabric of the automobile industry of the Kingdom strengthens its bases and is resizing thanks to the implantations which multiply or the important role played by the Renault group. The made in Morocco, which has managed to consolidate its position in the global value chain year after year, augurs a qualitative leap with the new PSA factory in Kenitra whose inauguration is scheduled for the first half of this year.

“In addition to the regional pilot center located in Casablanca, the PSA Group project is helping to create a new industrial pole of excellence in the Gharb region, as well as new high-value-added R&D businesses,” announced the French manufacturer. Just after the automobile, the aerospace industry also performs with over 93% growth over the period from 2013 to 2018.

Remember that the Morocco site now has 140 installed equipment manufacturers and has an integration rate of 34%. “What exceeded our expectations, with prospects to go beyond,” welcomed Moulay Hafid Elalamy, Minister of Industry, Investment, Trade and Digital Economy at the conference release to ease concerns following Bombardier’s decision to divest two of its subsidiaries in Casablanca.

The phosphate industry, the food industry, electronics and textiles and leather are leading the way in the most dynamic sectors with respectively 53.9%, 50.2%, 42% and 20.6% growth.

The results of the study reveal similar performances in terms of job creation. Over the same period, more than 405,496 industrial jobs were created, according to data collected from the CNSS. “49% of jobs created are held by women, and more than 21% of creations are made by companies set up following the launch of the Industrial Acceleration Plan (IAP)”, argues the Department of Industry .

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