Fettah, who gave a presentation on the "situation of exports" before the Government Council, reported an improvement in the rate of coverage, rising from 56.8% in 2017 to 62% in 2021, said the Minister of State for Relations with Parliament, Government Spokesman Mustapha Baitas, during a press briefing.
In addition to the general presentation by Fettah, the proceedings of the Council were marked by sectoral presentations on export statistics in 2021 and the end of February 2022, as well as the outlook for the end of the current year, said Baitas.
The Minister noted that the presentations reported a significant improvement in Moroccan exports, reflecting the important economic dynamics, stating, in this sense, that the volume of exports increased by 24.3% to 326 billion dirhams in 2021. Compared to 2019 (pre-Covid period), these exports have shown an increase of 14.9%.
They continued the same dynamic during the first month of 2022, with a growth of +23% compared to January 2021, supported by the label "Made in Morocco".
Also, the indicators point to a faster than expected post-Covid recovery, thanks in particular to the performance of the Kingdom's main exporting sectors.
In detail, the automotive industry has improved its exports by 15% to 83.3 billion dirhams, while phosphate and derivatives have seen their exports increase by 57% to MAD 79.9 billion, following the rise in prices on the international market.
In addition, exports of agri-food have risen by 9% to MAD 68.4 bln, due to increased demand. As for textiles and leather, their sales reached MAD 36.3 bln, up 21% compared to 2020. This sector has demonstrated its competitiveness during the period of health crisis.
At the same time, the aeronautics industry improved its exports by 12% to 15.4 billion dirhams, thus demonstrating its ability to adapt in a global context impacted by the cessation of air transport.
Regarding exports of electrical and electronic products, they totaled MAD 13.3 bln, up 10% compared to 2020.
As for the handicrafts sector, its exports have increased by 31% during the period from January to February 2022. And to achieve the true potential of the national offer, the government has put in place a strategy to support the sector's players to achieve a turnover of MAD 5 bln by 2030.
The Minister also stressed that the handling and subcontracting sector has also stood out by its resilience to the health crisis, since its annual growth rate has not been significantly impacted.