Wednesday, November 20

Morocco, Spain Keep Robust Trade Ties in 2017

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Xinhuanet

Spain consolidated its place as Morocco’s top trading partner as the trade turnover between the two countries hit 17.2 billion U.S. dollars in 2017, according to the latest statistics from Eurostat.

In 2017, Morocco’s exports to Spain, which represent 41.4 percent of its total exports to the EU, rose 11.2 percent.

Spain is also Morocco’s top supplier in the EU, accounting for 35.6 percent of the North African kingdom’s imports from the bloc, followed by France (19.1 percent) and Germany (9.3 percent).

Meanwhile, Morocco’s exports to the EU grew 9.5 percent in 2017 while its imports increased 7 percent.

Spain has been Morocco’s largest trading partner since 2012.

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