Decline in Phosphate Exports: Insights from Office des changes Bulletin

2023-11-01 18:00:40

Exports of phosphates and derivatives fell to 53.51 billion dirhams (billion dirhams) at the end of September 2023, according to theOffice des changes.

This trend is due to the drop in sales of natural and chemical fertilizers (-38.1%), those of phosphoric acid (-46.9%) and those of phosphates (-52.7%), explains the Foreign Exchange Office in its recent bulletin on monthly indicators of foreign trade.

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Regarding sales in the agriculture and agri-food sector, they recorded a slight decline during the first nine months of 2023.

This decline is attributable to the drop in sales of the food industry (-2.2%), mitigated, however, by the slight increase in sales of agriculture, forestry and hunting.

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