Trade between Morocco and Brazil has recorded a new record of more than 3 billion dollars in 2022, consolidating a sustained increase since 2016.
The volume of trade last year reached 3.13 billion dollars, an increase of 26.12% compared to 2021, the year which represented so far a record of the statistical series started in 1997, according to data from the Brazilian Ministry of Economy.
In 2022, Morocco exported more than $2.06 billion to Brazil. The Kingdom’s fourth trading partner, which shipped products worth $1.06 billion to Morocco, generating a trade surplus of about a billion dollars in favor of Morocco.
Moroccan exports to Brazil increased slightly (7.63%), and Moroccan imports from Brazil almost doubled in 2022, and increased by 88.82% compared to 2021. The surplus Morocco’s trade fell by 26.31% compared to last year (1.35 billion dollars).
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.