Spain’s exports to Morocco reached 10.84 billion euros between January and October 2024, while imports stood at 8.22 billion euros, reported the Spanish news outlet The Objectives, citing data from the State Secretariat for Commerce. The report highlighted that “Morocco is set to surpass its foreign trade record with Spain for the fourth consecutive year.”
These figures represent the highest for this period, with a year-on-year growth of 6.8% in exports and 9.1% in imports.
The Spanish media highlighted that despite the ongoing challenges in reopening the Ceuta and Melilla borders—where customs have been closed since 2018—these trade relationships remain strong, with total land border trade last year close to 90 million euros.
It indicated that these numbers far exceed Spain’s overall trade performance during the same period. From January to October 2024, exports in Spain grew by only 0.7%, while imports saw a 0.4% decline.
Exports and imports, excluding data from the last two months of 2024, have already surpassed annual records set in 2021, according to the same source.
“If this trend continues, Morocco will likely surpass its previous record in 2023, with 12.14 billion euros in exports and 9.03 billion euros in imports,” it added.
The Objective recalled that almost 3 years after the shift in stance, trade relations between Spain and Morocco have reached their peak, stressing that the volume of purchases and sales with Morocco has grown significantly.
In 2022, Spain’s exports to Morocco made up 3% of total exports; this increased to 3.2% in 2023 and 3.4% in 2024. For imports, the percentage rose from 1.9% in 2022 to 2.1% in 2023, and 2.3% in the first ten months of 2024.
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