22 Hrs
Source:
الصحيفة
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Spain-Morocco trade surplus drops over 20 percent
Trade exchanges between Spain and Morocco are experiencing a noticeable change, with Spain's trade surplus with Morocco decreasing by more than 20% during the first five months of 2026 compared to the same period in 2025. Spanish exports to Morocco amounted to approximately 5.26 billion euros, a modest increase of 0.2%, while Spanish imports from Morocco rose by 2.4% to about 4.85 billion euros. This resulted in the trade surplus declining from 507 million euros to around 404 million euros. This shift reflects the increasing Moroccan imports, which are now constituting a significant portion of the bilateral trade, nearing the levels of imports from Belgium and the United Kingdom. These changes occur amidst evolving economic and political relations between the two countries, including Madrid's support for the self-determination initiative in Western Sahara and shifts in its stance amid regional crises.
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