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ناظورسيتي
Morocco shifts from deficit to surplus with Spain
In 2025, the trade relations between Morocco and Spain underwent a significant change, with the trade balance for the first time showing a surplus in favor of Morocco, whereas previous statistics consistently indicated that Spain had a trade surplus with Morocco. The value of Moroccan exports to Spain reached approximately 19.6 billion euros, compared to imports amounting to around 16.5 billion euros, resulting in a surplus exceeding 3 billion euros. This shift reflects a diversification of exported products, as cables, components, and electrical equipment have become some of the top exports, alongside agricultural products, olive oil, and Argan oil. Experts believe this change demonstrates the development of the Moroccan economy and its increased export capacity, benefiting from its proximity to the European market and the integration of its industrial sectors into production chains. This elevates Morocco’s commercial standing in the Spanish market and indicates a deeper transformation in the trade relationship between the two countries.
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