23 Hrs
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ناظورسيتي
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Moroccan-Spanish Trade Tops 14B Euros
The data shows that trade exchanges between Morocco and Spain have been steadily growing this year. Spanish exports to Morocco reached €1.159 billion in July, an increase of 2.8%, while imports from Morocco amounted to €816.3 million, up by 2.5%. This resulted in a trade surplus favoring Spain of €342.9 million for that month, bringing total exchanges to €1.98 billion during July alone. Over the first seven months of the year, Spanish exports to Morocco totaled approximately €7.58 billion, a 3.4% rise, while imports amounted to €6.61 billion, up by 3.9%. These figures highlight the increasing importance of the Moroccan market for the Spanish economy, ranking third as a destination for exports outside the European Union, especially as Morocco accounts for 54.4% of Spanish exports to Africa, which reached €2.13 billion. These indicators confirm the ongoing growth in the trade relations between the two countries, with exchanges consistently surpassing the €14 billion mark.
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