The overall value of Morocco’s trade exchange with African countries posted an annual growth of 9.5% in average between 2000 and 2019, reaching nearly 39.6 billion dirhams in 2019, according to the Department of Studies and Financial Forecasts (DEPF).
Trade exchange with African countries accounts for 6.9% of the total value of Morocco’s foreign trade against 4.3% in 2000, DEPF said in the latest issue of its publication “Policy Africa” dedicated to the profiles of African economies.
“Morocco’s trade exchange with its African partners has recorded an encouraging growth over the past two decades, which reflects the country’s efforts to diversify its trade relations,” it added.
Moroccan exports to the African continent have posted an 11% annual increase in average, reaching 21.6 billion dirhams in 2019 (7.7% of total exports against 3.7% in 2000).
Imports have posted a 9% annual increase in average, reaching 17.9 billion dirhams (3.6% of total imports against 4.6% in 2000), “Policy Africa” noted.
“Since its independence, Morocco has continued to reaffirm its African vocation by placing the continent among its strategic priorities. The Kingdom has worked actively to strengthen its cooperation with the countries of its continent, through the consolidation of its political relations and the diversification of partnerships in a multitude of areas of common interest,” the DEPF noted.
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