Morocco’s foreign direct investment climbs 39.4 percent through October on strong inflows

Morocco recorded substantial growth in foreign direct investment during the first ten months of 2025, with net flows strengthening 39.4 percent to reach 27.06 billion dirhams compared to 19.41 billion dirhams during the same period last year, according to the Foreign Exchange Office.
This evolution reflects renewed confidence among foreign investors and enhanced attractiveness of the national business climate. The increase stems from sharp revenue recovery, with receipts reaching 45.4 billion dirhams, up 28.2 percent. Expenditures rose to 18.33 billion dirhams, advancing 14.5 percent year-over-year.
Meanwhile, Moroccan direct investments abroad contracted significantly, recording flows of 4.35 billion dirhams, down 39 percent compared to the same period last year. This decline resulted from a 21.2 percent drop in receipts and a 26.9 percent reduction in expenditures.
The trade balance showed a widening deficit, increasing 19.6 percent to reach negative 296.95 billion dirhams versus negative 248.19 billion dirhams previously. Goods imports consolidated 9.4 percent to reach 682.15 billion dirhams through October. Finished equipment product purchases progressed 15.2 percent, finished consumer products rose 12.7 percent, raw products climbed 36.9 percent, and semi-finished products advanced 6.4 percent.
Food product imports increased by 3.8 percent, representing additional purchases of 2.88 billion dirhams. Energy costs depreciated with a 4.4 percent decline, saving 4.18 billion dirhams, primarily following reduced gas oil and fuel oil supplies down 9.2 percent.
Exports improved 2.6 percent to stand at 385.2 billion dirhams, representing growth of 9.81 billion dirhams. Phosphates and derivatives exports improved 16.7 percent, generating 80.60 billion dirhams. Aeronautics sector exports advanced 8.3 percent to approximately 23.65 billion dirhams. Agriculture and agribusiness sales reached 71.31 billion dirhams, progressing 1.1 percent.
The services balance surplus increased 10.2 percent to reach 129.19 billion dirhams. Travel receipts reached 113.26 billion dirhams, improving 16.7 percent, while remittances from Moroccans abroad stood at 102.93 billion dirhams.