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Trade exchanges between Morocco and Spain during July 2026 experienced a record growth, with bilateral trade exceeding 1.98 billion euros despite the migration crisis to the occupied city of Ceuta. Spanish exports to Morocco increased by 2.8%, reaching 1.159 billion euros, while imports from Morocco rose by 2.5% to 816.3 million euros, leading to a surplus of 342.9 million euros in Spain’s trade balance with Morocco. During the first seven months of the year, the total trade volume amounted to approximately 14.19 billion euros, with Morocco continuing to be one of Spain’s top partners outside the European Union, accounting for 3.3% of Spain’s total exports and 54.4% of Spain’s exports to Africa. This performance came despite the escalation of the migration crisis to Ceuta, which saw tens of thousands of migrants arrive in July before most were repatriated to Morocco, without negatively impacting trade exchanges. Thus, the figures affirm that the economic cooperation between Rabat and Madrid remains strong and ongoing, despite political and security challenges.
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