The unit values of Moroccan imports fell by 0.5% in the first quarter of 2026 compared to the same period in 2025, while export values rose by 2.6% over the same period, according to a report published by the High Commission for Planning (HCP).
The decline in the import unit value index is mainly due to the decrease in prices for energy and lubricants (-7.8%), finished agricultural equipment (-8.8%), food, beverages and tobacco (-6.0%),
finished industrial equipment (-3.3%), semi-finished products (-1.3%), and raw products of animal and vegetable origin (-3.1%).
Conversely, the unit values of raw mineral products jumped by 80.9% and those of finished consumer goods by 2.8%, mitigating the overall decline in the index.
On the export side, the 2.6% increase resulted primarily from rising prices for finished agricultural equipment (+20.5%), food, beverages, and tobacco (+7.1%), raw mineral products (+7.0%), finished consumer goods (+5.6%), and finished industrial equipment (+4.0%).
These increases were partially offset by a decline in the unit values of raw animal and vegetable products (-12.0%), semi-finished products (-5.6%), and energy and lubricants (-4.8%).
On a monthly basis, the import index rose from 107.4 in January to 110.9 in March, driven in particular by the sharp increase in energy prices at the end of the quarter. The export index followed a similar trajectory, rising from 117.6 in January to 122.2 in March.
On a broader quarterly perspective, the unit value index for exports reached its highest level since the second quarter of 2024 (118.1), while that of imports continued a downward trend that began in 2024, when it peaked at 113.3 in the first quarter of that year.
MK/AK/Sf/fss/as/APA