Morocco: 7% decrease in the trade deficit due to tourism revenues. Imports to Morocco fell by 2.5% on an annual basis to 715 billion dirhams ($71.65 billion) in 2023.
Remittances from Moroccans abroad and exports of the automobile industry also contributed to improving trade deficit. The number of Moroccan expatriates reaches 5 million, according to statistics from the Ministry of Foreign Affairs, and remittances are one of the most important sources of foreign exchange in the Kingdom.