Spanish Ministry of Economy: Morocco is our first trading partner in Africa

This article was automatically translated from HIBAPRESS, the Arabic version:

This article was automatically translated from Hibapress, the Arabic version:

Heba Press

The Spanish Ministry of Economy, Trade and Businesses has confirmed that Morocco has established its position as a first Spain resource in Africa and its main customer on the continent.

The same source stressed that this distinguished relationship is based on the size of initiatives that increase regularly, which confirms the strategic role of Morocco in Hispano-African trade relations.

Likewise, Spain remains the first trading partner in Morocco within the European Union, before France and Germany in terms of imports and exports, according to data from the Spanish ministry that the Arab news agency Maghreb has reached a copy.

The ministry indicated that this dynamism reflects the strength of economic ties between the two countries and the growing importance of Morocco in the external exchanges of Spain.

The same source added that the importance of this cooperation is also obvious through significant investments, explaining that Spanish companies have pumped a total of 1.905 billion euros in various strategic sectors in Morocco, which led to the creation of more than 27,000 jobs.

This economic presence contributes to improving bilateral relations and attests to the attractiveness of the Moroccan market for Spanish investors.

The ministry also indicated that Spanish exports to Morocco amounted to around 13 billion euros in 2024, which confirms an increasingly upward trend and diversification of products, while strengthening the position of Morocco as a major actor in the trade of Spain with Africa.

The ministry continued that in 2024, Morocco represented 3.34% of the total of Spanish exports, making it the seventh largest customer in Spain in the world and the first on the African continent.

She stressed that the weight of Morocco in Spanish trade is particularly noticeable at the regional level, noting that the kingdom welcomes 61% of Spanish exports to Africa and 79% of those directed to North Africa.

In details, Spanish exports to Morocco have been distinguished by great diversity, because fuel explains (18%), mechanical devices (12%), vehicles (11%), electrical devices (9%) and plastic (6%).

On the contrary, Moroccan exports to Spain are more concentrated, mainly composed of electrical devices (30%), unpleasant clothing (15%), vehicles (12%), fish (9%) and fruit (6%).

In addition, Morocco has established its position as a strategic resource for Spain. The ministry confirms that Morocco represented in 2024 2.32% of Spanish imports, to become the tenth resource in Spain in the world and its first resource in Africa, with 28% of Spanish imports on the continent.

The growth in bilateral exchanges reflects the growing importance of Morocco in Spanish foreign trade, as Spanish exports passing to the kingdom from 1.1% in 2000 to 3.34% in 2024, while Morocco imports increased from 0.57% to 2.32% during the same period.

Spain also confirms its European leaders in exchanges with Morocco, because it represents 37%of imports from Morocco from the European Union, ahead of France (20%), Germany (10%) and Italy (8%).

The same source said that Spain is the first customer for Morocco in Europe, because it welcomes 38%of Moroccan exports to the European Union, followed by France (27%) and Italy (9%).

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