Morocco-Spain trade exceeds 14.19 billion euros

Trade exchanges between Morocco and Spain have continued to grow, reaching a total value of over 14.19 billion euros during the first seven months of the year.

Data from July indicates that Spanish exports to Morocco reached approximately 1.159 billion euros, a 2.8 percent annual increase and a record level for that month. Meanwhile, Spanish imports from Morocco rose to 816.3 million euros, up 2.5 percent compared to July of the previous year. This resulted in a Spanish trade surplus with Morocco of approximately 342.9 million euros for the month of July.

For the first seven months of the year, Spanish exports to Morocco totaled roughly 7.58 billion euros, a 3.4 percent increase, while imports from Morocco reached 6.61 billion euros, a 3.9 percent increase. Morocco remains a key destination for Spanish foreign trade, accounting for 3.3 percent of total Spanish exports outside the European Union and representing 54.4 percent of all Spanish exports to the African continent in July.