Morocco,Spain trade breaks new records in 2024

In 2024,Morocco became Spain’s second supplier outside the EU,with an increasing volume to 13 billion euros.

Moroccan goods made up 2.3% of total Spanish imports,as the kingdom strengthened its position as Spain’s main African trade partner.

This positioned Morocco as Spain’s main African supplier with 28% of all goods purchased from the continent,ahead of energy exporters,Algeria 18% and Nigeria 16%.

Spain,in return,maintains its position as Morocco’s first trading partner,accounting for 37% of imports from the EU,ahead of France 20%,Germany 10%,and Italy 8%.

Spain is thus the first client of Morocco in the EU absorbing 38% of Morocco’s exports,followed by France 27% and Italy 9%.

Spanish exports to Morocco are dominated by fuel at 18%,mechanical appliances 12%,cars 11%,electrical appliances 9% and plastic 6%.

Morocco’s exports are made up of electric appliances 30%,ready-to-wear and textile 15%,cars 12%,fisheries 9%,and fruits 6%.