Automotive exports stood at 152.88 million dirhams (MDH) in the first six months of 2021, up 61.1% compared to the end of June 2020. At the same time, imports are also up 19.5%.
The manufacture of automotive parts for the Tesla brand of billionaire Elon Musk entrusted to the American company STMicroelectronics, located in Bouskoura in the Casablanca region, propels Morocco into the electric vehicle market. It is on the verge of becoming the first African country to enter this market.
Morocco’s energy bill has dropped considerably in 2020. This emerges from the annual report on foreign trade for the year 2020, carried out by the Office des Changes .
Automotive exports , Morocco’s leading export sector for seven years, amounted to 72.18 billion dirhams (MMDH) in 2020, down 9.9% compared to 2019.
Morocco remains a vast commercial and strategic base for the Renault Group. In the first half of 2021, the Kingdom ranks, for the first time, in the Top 10 of the Renault Group’s main markets worldwide.
The phenomenon of fake car guards is growing in Casablanca . Motorists, who can no longer stand being scammed by these individuals who operate illegally, have expressed their frustration. They are calling on the authorities to take responsibility and put an end to these abuses.
The situation is not improving in the car rental sector in Morocco despite the battery of measures taken to boost tourism. Aging vehicles and pressure from credit companies, some are being pushed into bankruptcy.
Present in Morocco for two years, the French Mabéo Industries is expanding its activity in the country. It has just created a new unit in Tangier.
Some 94,025 new cars were sold in Morocco in the first half of 2021, an increase of 16.4% compared to the same period in 2019. This was reported by the president of the Association of Automobile Importers in Morocco (AIVAM).
Automotive exports reached 35.4 billion dirhams during the first five months of 2021, an increase of 49.5% compared to the same period in 2020.
The trade deficit reached 80.95 billion dirhams at the end of May 2021, an increase of 10.4% compared to the same period in 2020. This is what emerges from a note from the Office of Exchange on the monthly exchange indicators for the month of May 2021.
Billionaire Elon Musk’s Tesla automotive brand parts will be partly manufactured in Morocco. In charge, the American company STMicroelectronics, based in Bouskoura in the Casablanca region.