Morocco: Exports of European textile and apparel products reduced

Due to the significant reduction in European textile orders, the export of textile and apparel products from Morocco to Europe in the second half of this year may decline significantly.

Compared with the export data to the EU in the first half of 2011, the current export growth rate has dropped by 17%.

Some major European importers have reduced their orders for Morocco by about 30%. Mainly affected by the economic crisis in the euro zone. Tazi explained, “What we are experiencing now is a sign of economic turmoil or economic crisis. We are not yet clear.”

He said that the visibility of local corporate profits is very low and the visibility is only until the end of October. If no sales point can be found, some of them will face the risk of bankruptcy due to an inventory overstock.

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