Customs Revenue: Morocco Surpasses 90 Billion Dirhams by the End of October, Fueled by Energy Taxation
Morocco’s Customs Revenues Reach 90.8 Billion Dirhams by October 2026, Driven by Import VAT Increase
Morocco’s customs revenues have reached 90.8 billion dirhams by the end of the first ten months of 2026, marking an 8.6% increase compared to the previous year. The primary driver behind these collections is the import Value Added Tax (VAT), notably bolstered by a significant rise in revenues linked to energy products, which surged by 24%.
Customs revenues continue to climb in Morocco. As of the end of October 2026, the collections from duties and taxes on imports totaled 90.8 billion dirhams, representing an increase of 8.6% year-on-year compared to a lower figure during the same period the year prior.
This growth is primarily attributed to the robust performance of import VAT, which accounts for nearly two-thirds of customs revenues. Within this category, energy products have shown a markedly greater growth rate than other goods, underscoring their importance in the evolution of tax revenues related to foreign trade.
Import VAT: The Key Driver of Customs Revenues
By the end of October, revenues from import VAT stood at 56.52 billion dirhams, reflecting an 8.5% increase year-on-year.
A breakdown of these collections reveals contrasting trends depending on the type of imported goods. Revenues from energy products rose by 24%, while those generated from other products increased by 5.8%.
The disparity in these growth rates highlights the decisive role of energy taxation in the increase of VAT collected on imports.
Customs duties have also contributed to the overall increase, generating 15.56 billion dirhams in the first ten months of the year—an increase of 10.9% compared to the same period in 2025. Meanwhile, revenues from the domestic consumption tax (TIC) on energy products reached 18.74 billion dirhams, up by 7.1%.
Energy Prices Influence Tax Revenues
The rise in import VAT revenues does not necessarily indicate a corresponding increase in the volume of goods imported; it is also dependent on the taxable value of the relevant products.
In the energy sector, fluctuations in international prices and exchange rates can thus alter the amount of tax collected. An increase in import prices may lead to higher tax revenues, even when the volumes imported do not change significantly. Conversely, a decline in prices could reduce collections while lessening the burden on importers.
The figures recorded at the end of October provide insight into the actual revenues collected by the administration, while the changes in imported quantities should be evaluated using foreign trade statistics.
This distinction is crucial for interpreting the dynamics of customs revenues and assessing the true evolution of trade in the Kingdom.
Broad Customs Taxation Approaches 108 Billion Dirhams
When considering the domestic taxes applied to manufactured tobacco and other relevant products, the broader customs taxation nears 108 billion dirhams by the end of October 2026, reflecting an 8.5% increase year-on-year.
Specifically, revenues from manufactured tobacco amounted to 13.27 billion dirhams, while other domestic taxes accounted for 3.82 billion dirhams.
This growth provides an additional boost to state resources as the fiscal year draws to a close, further highlighting the significance of import-related taxation in public revenues.
For public finances, the increase in collections offers vital support to budgetary resources. However, for importing companies, this occurs in a context where fluctuations in energy prices may also increase transportation, production, and distribution costs.
Thus, the growth of customs revenues represents a dual reality: a favorable trend for the Kingdom’s tax income, alongside a persistent exposure of the national economy to international energy market fluctuations.
