EU posts €500 million trade surplus with Morocco in June

The European Union recorded a trade surplus of over €500 million with Morocco in June 2025, continuing a longstanding trend in the economic relationship between the two partners, according to newly released data from Eurostat.

Morocco exported €2.3 billion worth of goods to the EU during the month, slightly down from €2.43 billion in May, while European exports to Morocco reached nearly €2.8 billion, leaving the bloc with a clear advantage.

Converted to Moroccan dirhams, EU exports to Morocco amounted to approximately MAD 30 billion, compared to Moroccan exports of about MAD 24.2 billion to the EU.

Although the June surplus was smaller than May’s €600 million gap, it highlights Morocco’s ongoing struggle to narrow its trade deficit with its largest trading partner.

The data comes amid broader signs of strain in global commerce. Eurostat reported that eurozone exports to non-EU countries fell by nearly 6% in the second quarter of 2025, while imports dropped by 2.4%. Trade within the eurozone also declined modestly.

Part of the downturn is attributed to rising global protectionism. The Trump administration’s latest tariffs on European goods have weighed heavily on EU exports, with The Wall Street Journal recently describing the outlook for global trade as “bleak.”

Despite the imbalance, trade volumes between Morocco and the EU continue to grow. Europe remains Morocco’s top trading partner, consistently buying large quantities of fish, fruit, vegetables, and phosphates, while exporting machinery, vehicles, and industrial products.

The recurring surplus in Europe’s favor often fuels economic and political frustration in Morocco, where officials have long sought to diversify export markets and boost domestic industries.

Nonetheless, analysts say the sustained growth in bilateral trade indicates strong ties between the two economies, even as Morocco looks to rebalance the scales.