Trade between Morocco and Germany stood at 1.5 billion euros in the first quarter (Q1-2023), up 32.6% compared to the same period in 2022.
Germany imported from Morocco an amount of 691 million euros from January to March 2023, up 36.1% over the same period of 2022, said the German Chamber of Commerce and Industry in Morocco (AHK) in a statement, citing the latest data from DIHK (Association of German Chambers of Industry and Commerce).
In the first quarter of 2023, Morocco ranks 52nd among countries that export the most to Germany, notes the same source.
In parallel, German exports to Morocco have also increased significantly, reaching an amount of 874 million euros during Q1-2023, noted the same source, adding that this growth of 29.9% compared to Q1-2022 positions Morocco in 50th place among importing countries from Germany.
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