Tuesday, December 24

Spain remains Morocco’s major trade partner in Q1

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Source: Xinhua
Editor: yan

Spain remained Morocco’s top trade partner during the first quarter of 2019 with goods worth nearly 4 billion euros (4.4 billion U.S. dollars), local media reported on Tuesday.

Morocco’s exports to Spain increased by nearly 8 percent to 1.84 billion euros, while its imports decreased by 1.28 percent to 2.09 billion euros, the Moroccan financial daily L’Economiste quoted the EU statistics office as saying.

In 2018, Spain was Morocco’s top trade partner for the seventh year in a row.

Between January and March, 41.1 percent of Morocco’s exports to EU countries went to Spain, 29.3 percent to France and 6.1 percent to Italy, the same source said.

During the same period, Spain’s exports took up 33.5 percent of Morocco’s imports from EU countries, followed by France and Germany, the source added.

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