Morocco exported goods worth 2.5 billion euros ($2.9 billion) to the European Union in May, up slightly from 2.4 billion euros a year earlier, while imports from the bloc totaled 2.8 billion euros, according to data released by Eurostat.
The figures point to continued robust trade flows between Morocco and its largest trading partner despite a broader deterioration in the eurozone’s external trade balance.
Eurostat said the euro area’s goods trade swung to a deficit of 7.8 billion euros in May, compared with a surplus of 15 billion euros in the same month last year. Exports to the rest of the world rose just 0.1% year-on-year to 243.6 billion euros, while imports climbed 10% to 251.4 billion euros.
The decline was driven largely by higher energy import costs and a weaker trade surplus in machinery and automotive products, the statistics agency said.
During the first five months of 2026, the eurozone’s cumulative trade surplus narrowed sharply to 3.3 billion euros from 78.7 billion euros a year earlier, as exports to non-EU markets fell 2.8% and imports increased 3.4%.
In contrast, trade within the euro area continued to expand, rising 3.3% to 1.16 trillion euros between January and May, reflecting the resilience of the bloc’s internal market despite a weaker global trading environment.
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