This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
Morocco positions itself as the first African supplier in Spain and its main customer on the continent, said the Spanish ministry for the economy, trade and businesses.
This privileged relationship is based on a constantly increasing volume of exchanges, confirming the strategic role of Morocco in Hispano-African trade relations, underlines the same source.
Likewise, Spain remains the first trading partner in Morocco within the European Union, before France and Germany, both in terms of imports and exports, according to data from the Spanish ministry.
This dynamic illustrates the solidity of economic ties between the two countries and the growing importance of Morocco in the external exchanges of Spain, noted the ministry.
The importance of this cooperation is also reflected in significant investments, adds the same source, specifying that Spanish companies injected a total of 1.905 billion euros in various strategic sectors of Morocco, generating more than 27,000 jobs.
This economic presence further strengthens bilateral relations and testifies to the attractiveness of the Moroccan market for Spanish investors.
The ministry also observed that Spanish exports to Morocco reached nearly 13 billion euros in 2024, confirming an upward trend and increased diversification of exported products, while strengthening the place of Morocco as a key director of trade in Spain with Africa.
In 2024, continued the ministry, Morocco represented 3.34 % of the total of Spanish exports, thus rising to the rank of seventh world customer in Spain and first on the African continent.
The weight of Morocco in Spanish trade is particularly marked on the regional level, argues the ministry, noting that the kingdom absorbs 61 % of Spanish exports to Africa and 79 % of those intended for North Africa.
In detail, these exchanges are characterized by a strong diversification of Spanish exports to Morocco, dominated by fuels (18 %), mechanical devices (12 %), vehicles (11 %), electrical devices (9 %) and plastics (6 %).
Conversely, Moroccan exports to Spain are more concentrated and are mainly composed of electrical devices (30 %), non -knitted clothing (15 %), vehicles (12 %), fish (9 %) and fruit (6 %).
In addition, Morocco stands out as a strategic supplier for Spain. In 2024, he represented 2.32 % of Spanish imports, thus becoming the world’s tenth world supplier of Spain and its first in Africa, with 28 % of Spanish imports from the continent, underlines the ministry.
The boom in bilateral exchanges illustrates the rise in power of Morocco in Spanish foreign trade, with an increase in Spanish exports to the kingdom from 1.1 % in 2000 to 3.34 % in 2024, while imports from Morocco increased by 0.57 % to 2.32 % over the same period.
Spain also confirms its European leadership in exchanges with Morocco, representing 37%of Moroccan imports since the EU, ahead of France (20%), Germany (10%) and Italy (8%).
It is also the first customer of Morocco in Europe, absorbing 38%of Moroccan exports to the EU, followed by France (27%) and Italy (9%), he observes.
