Morocco’s automotive sector remains the country’s top export earner, with exports rising by 8% to reach MAD 131.4 billion (USD 13.1 billion) as of the end of October 2024, up from MAD 121.6 billion (USD 12.1 billion) during the same period in 2023, according to data from Morocco’s Exchange Office.
The increase reflects robust gains across key segments. Vehicle construction exports rose by 6.9% to MAD 58.1 billion (USD 5.8 billion), while wiring and cabling exports climbed 7.9% to MAD 45.4 billion (USD 4.5 billion).
Meanwhile, exports of vehicle interiors and seats saw the largest percentage growth, surging 20.9% to MAD 7.7 billion (USD 770 million), driven by higher global demand for Morocco’s specialized automotive components.
Morocco’s strategic investments in infrastructure and automotive manufacturing hubs, such as Tangier’s automotive city, have strengthened its position as a leading exporter on the continent. Partnerships with global automakers and supply-chain integration have further bolstered the sector’s competitiveness.
Analysts expect sustained growth in the sector, supported by increased production capacity and a focus on electric vehicle components, which align with global trends toward greener mobility.