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Keywords: Exchange Office


Global demand for fertilizers boosts OCP Group’s profits in 2025

Morocco’s OCP Group, the world’s leading exporter of phosphates and fertilizers, has reported impressive financial growth for the second quarter of 2025, reflecting its pivotal role in global agriculture. Strong revenue growth OCP recorded revenues of MAD 30.57 billion (approximately $3......

Moroccan travel spending abroad surges to MAD 15.5 billion in first half of 2025

Moroccans have spent over MAD 15.5 billion ($1.69 billion) on international travel during the first six months of 2025, according to data released by the Moroccan Exchange Office. This figure marks an 8.2% increase compared to the MAD 14.33 billion ($1.56 billion) spent during the same period in 2024. The......

Morocco's trade deficit surges 18.4% to reach $17.81 billion in early 2025

Morocco's trade deficit has expanded considerably in the first half of 2025, climbing to MAD 161.86 billion ($17.81 billion) compared to the same period last year, according to recent data from the Foreign Exchange Office. This increase of 18.4% is attributed to a faster rise in imports relative......

Morocco’s foreign direct investment surges 55%: $1.64 billion in 2024

Foreign direct investment (FDI) in Morocco rose significantly in 2024, reaching $1.64 billion—a 55% increase from $1.05 billion in 2023—according to the World Investment Report 2025, published by the United Nations Conference on Trade and Development (UNCTAD). This marks a critical milestone......

Morocco’s diaspora remittances fall by 3.7% amid shifting global trends

Remittances from the Moroccan diaspora dropped by 3.7% by the end of April 2025 compared to the same period in 2024, according to the latest data from the Exchange Office. The total volume of funds sent home fell from MAD 37.27 billion ($4 billion) to MAD 35.9 billion ($3.88 billion), marking a decrease......

Moroccan diaspora's economic impact soars with $11.7 billion in remittances

Remittances from Morocco's diaspora reached MAD 117.7 billion ($11.7 billion) in 2024, marking a 2.1% increase from the previous year's MAD 115.26 billion ($11.4 billion), according to data from the Moroccan Exchange Office. The significant financial inflow maintains Morocco's position as......

Morocco's tourism reaches record-breaking $11.1 billion in 2024

Morocco's tourism sector has achieved remarkable success, with travel revenues soaring to MAD 112.5 billion ($11.1 billion) in 2024, marking a 7.5% increase from the previous year, according to data released by the Exchange Office. The surge in tourism activity is reflected in both revenue and visitor......

Morocco's International Travel Spending Soars to $2.6 Billion, Defying Local Survey Predictions

Moroccan citizens' expenditure on international travel reached a remarkable 26.7 billion Moroccan dirhams ($2.6 billion) by November 2024, according to recent data released by the Exchange Office. This represents a substantial increase of 4.5 billion MAD ($447,359) compared to the previous year's......

Morocco’s Trade and Services Show Positive Growth Despite Increased Deficit

Morocco's export sectors have experienced notable growth, positioning the country as a rising force in global trade, especially in services. As of October, Morocco's trade exports reached MAD 373.54 billion ($37.4 billion), reflecting a 6.2% increase compared to MAD 351.66 billion ($35.21 billion)......

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