Moroccan exports increased to Spain in 2024 from nine percent compared to 2023, according to the latest exchange figures between the two countries, which were revealed by writing the Spanish state in charge of trade, for last year.
The same numbers have shown continuous growth in the percentage of Moroccan exports to the northern neighbor of 2022 (+19%) and 2023 (+4%) at 2024 (+9%), with the exception of the decline that occurred during the pandemic period of Korona.
The main categories of the total number of imports from Spain from Morocco have been distributed, according to the same source, between electrical devices (30%), uncommon clothes (15%), vehicles (12%), fish (9%) and fruits (6%).
In the same way, Spanish exports to Morocco in 2024 increased by 5% against four percent in 2023, and the fuel formed 18% of the total imports from Rabat de Madrid.
The writing of the Spanish state in charge of trade announced the rise of Morocco in 2024 in the seventh-rank in the list of commercial concessionaires with the exports of Spain in relation to ninth row in 2023, bypassing Belgium and the Netherlands, by maintaining its third row of countries outside of Europe, where Madrid’s exports in Rabat are constituted. Historical.
At the African level, the source said that Morocco is the main destination for Spanish exports on the brown continent by 61% and 79% in North Africa.
He declared that Morocco formed in 2024 a “major resource for Spain, because the purchases of Morocco represented 2.32% of the total of Spanish imports, which made Rabat in tenth place in the world on the list of suppliers of Spain and the fourth outside the European Union, after China, the United States and the United Kingdom.”
In 2023, Morocco was classified eleventh, but it exceeded Türkiye. It is also the first African supplier in Spain (28% of imports of the continent), followed by Algeria (18%) and Nigeria (16%), as well as 47% of total imports from North Africa come from Morocco.
Inside the European Union, The Same Figures Announced that Morocco in 2024 was the first export of spain withn the union, with 38%of Morocco’s exports to the European Union, followed by France (27%) and Ityy (9%), and Added: “At the Level of Exports of Each European Country, Madrid has been total Moroccan Imports from the European Union, followed by France (20%), and Germany (10%), and Italy (8%).
In terms of investments between the two countries, the source recalled the number of 2022, which obtained the balance of Spanish investments in Morocco, which amounted to 1.905 million euros, allowing the creation of 27,655 jobs.
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