Business Emerging Markets Headlines Morocco

Morocco’s agricultural, fisheries exports hit record $8 billion in 2022

Morocco’s agricultural and fisheries exports rose to an unprecedented 8 billion dollars in 2021, up 20% compared with 2022, the agriculture ministry said.

This rise was achieved despite a lack of rainfall that affected cereals whose output dropped 67% to 3.4 million tons.

Agricultural and fisheries exports now stand in the third position behind phosphates and automotive sector sales.

Fruits and vegetables exports stood at 2.3 million tons, up 10%. Red fruits exports in particular rose 20% to 132k tons, the ministry said.

Demand on Morocco’s citrus increased notably on the US market while fisheries exports increased 13% in volume and 16% in value, reaching 2.72 billion dollars.

However, up to November this year, figures show that Morocco imports of foodstuff equaled its exports, notably due to a rising wheat bill which stood at 2.2 billion dollars.

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