Seventy percent of Moroccan exports to the European Union go to Spain and France.
Rabat – New statistics confirm that Spain remains Morocco’s top trade partner.
Maghreb Arab Press (MAP) shared statistics from the European Statistics Office, explaining that Moroccan exports to Spain increased by 5.4 percent during the first 11 months of 2018 compared to the same period in 2017.
According to the statistics, Moroccan imports of Spanish goods registered an increase of 2.6 percent annually. Imports from the whole EU increased by 4 percent during the same period.
Spain is the biggest importer of Moroccan goods, and takes in 41.6 percent of all goods Morocco exports to the EU imports. France takes in 28.6 percent, Italy 6.3 percent, the UK 4.8 percent, and Germany 4.4 percent.
Morocco’s primary exports to Spain during the January-October period in 2018 were electronic materials, clothes, and shellfish.
Morocco’s main imports from Spain were fuels and lubricants, automotive components, and fabric.
Morocco exported nearly €5 billion worth of products to Spain in the first nine months of 2018.
Morocco and Spain maintain strong diplomatic ties. Both countries agreed to boost their bilateral cooperation after the first official visit of Spanish Prime Minister Pedro Sanchez to Morocco in November 2018.