Remittances from Moroccans living abroad reached 92.73 billion dirhams (around USD 9.2 billion) by the end of September 2025, compared to 91.72 billion dirhams during the same period last year, according to data released by Morocco’s Foreign Exchange Office.
In its latest report on the monthly indicators of foreign trade, the Office said remittances recorded a year-on-year increase of 1.1 percent, confirming the continued resilience of transfers from the Moroccan diaspora, a vital source of foreign currency for the national economy.
The report also highlighted a 17.7 percent rise in Morocco’s trade deficit, which exceeded 259 billion dirhams. This widening gap was mainly attributed to higher imports, which grew by 9.2 percent to over 605.35 billion dirhams, compared to exports, which increased by 3.6 percent to around 346.3 billion dirhams.
The Foreign Exchange Office further noted that the services balance posted a surplus of more than 114.52 billion dirhams, marking a 9.4 percent year-on-year increase. This improvement resulted from growth in both imports (+9 percent) and exports (+9.2 percent) of services.
The figures reflect sustained momentum in Morocco’s external trade activity, buoyed by remittance inflows and the strong performance of the services sector, despite global economic uncertainties and rising import costs.
