Rabat — Morocco’s customs revenue surged in the first seven months of 2025, hitting MAD 54.79 billion ($6.09 billion) — a 5.8% increase from the same period last year, according to the latest figures from the Treasury General of the Kingdom (TGR).
The report underscores how import-related taxes remain a steady pillar of Morocco’s public finances, even in the face of global economic uncertainty. Officials say the revenue boost is helping to fund infrastructure projects, social programmes, and other key government priorities.
The customs receipts came primarily from three major sources:
Customs duties: MAD 9.19 billion ($1.02 billion), up 1.1% year-on-year — reflecting stable imports of taxable goods despite pressures from trade agreements and global competition.
Import VAT: MAD 34.27 billion ($3.80 billion), up 4.5%, driven by strong demand for consumer goods and industrial equipment.
Domestic consumption tax on energy products: MAD 11.31 billion ($1.25 billion), a 14.2% jump compared to 2024, fuelled by higher energy consumption and volatile global oil prices.
Refunds and Net Revenue
From the gross customs revenue of MAD 54.84 billion, the government deducted MAD 58 million ($6.44 million) for refunds, tax relief, and fiscal restitution. This left net customs revenue at MAD 54.79 billion, confirming only a marginal gap between gross and net collections.
Fiscal Importance
Officials stress that import taxes are a cornerstone of Morocco’s fiscal strategy, providing reliable funds for public spending, infrastructure development, and social welfare. The continued growth in customs revenue is seen as proof of the resilience of Morocco’s trade-based fiscal income, even as the global economy faces inflationary pressures and fluctuating commodity markets.
This strong performance comes at a time when Morocco is making heavy investments in transport, renewable energy, and social housing — projects that require sustained government financing. Analysts note that the energy tax windfall in particular could help cushion the budget against rising public expenditure needs.
With trade flows showing resilience and domestic energy demand climbing, the Ministry of Finance appears confident that customs revenue will remain on track to meet — or even exceed — its 2025 targets.
