Morocco’s automotive sector has outperformed phosphates to become the top export industry, reaching a new high. Last year, the sector’s exports jumped to $13.9 billion, up from $11 billion the year before, a growth of 27%. This growth, noted by the bureau de change (OE), Morocco’s trade authority, shows a strong increase in an industry that’s very important to the country’s economy.
The automotive sector’s growth trajectory is largely attributable to the burgeoning automotive wiring businesses, a segment essential for integrating electrical systems within vehicles. By year-end 2023, wiring exports alone ascended by 32%, reaching $4.5 billion.
Further, the automotive construction realm, specializing in the fabrication of structural elements, body panels, and chassis, recorded a 22% growth, with exports touching $6.7 billion. Concurrently, the propulsion systems domain, essential for internal vehicle mechanisms, observed a 25% increase in exports, exceeding $1.1 billion.
Originating in 1957, Morocco’s foray into the automotive arena has transitioned from basic assembly to comprehensive production. The kingdom’s manufacturing output witnessed a significant upswing, with the year 2021 seeing the production of 403,007 units, leading to exports valued at 8.3 billion dollars. This upsurge has catalyzed the creation of approximately 220,000 industry jobs and fostered a network exceeding 230 Tier 1 and 2 suppliers, thereby achieving a 60% local integration rate.
Morocco now stands on the precipice of becoming a global vanguard for electric car manufacturing, demonstrating a competitive advantage in the automotive industry’s future landscape. This strategic evolution underscores Morocco’s industrial acumen and its emergent role as a key player in the global automotive market, particularly within the sustainable and electric vehicle sectors.
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