Los intercambios comerciales entre España y Marruecos se disparan al alza en 2022

In 2022, Spanish exports to Morocco reached a value of €11.748 billion, an increase of 23.6% over the previous year. This figure has been driven by increased exports of agri-food products, such as fruit, vegetables and oils, as well as high-tech and industrial products. This has contributed to strengthening trade between the two countries, which has been favoured by the opening of new markets and the implementation of trade agreements.  

This increase reflects the growing interest that Morocco has aroused among Spanish exporters. This is due to several factors, including Morocco's privileged position as a partner of the European Union and its geographical proximity to Spain. This has made it easier for Spanish companies to export to the North African country. 

In addition, the Moroccan economy has been experiencing sustained growth for several years, which has allowed Spanish companies to take advantage of an opportunity for expansion. This has been reflected in the increase in foreign direct investment (FDI) by Spanish exporters in the country. 

Another factor that has contributed to the increase in Spanish exports to Morocco is the liberalisation of trade between the two countries. This has allowed Spaniards to access a much larger market with greater demand. In turn, it has allowed Spanish companies to increase their revenues generated by exports to Morocco. 

Despite this, there are some challenges that Spanish companies face when exporting to the Kingdom. These include transport costs, the tariffs applied by the country and the bureaucratic requirements established for importing products. These are some of the factors that can limit growth.

In conclusion, the 23.6% increase in Spanish exports to Morocco during 2022 reflects the growing interest of Spanish companies in the Moroccan market and its growth potential. Despite the challenges facing Spaniards, the growing interest of foreign investors and the liberalisation of trade between the countries offer an excellent opportunity for Spanish companies to take advantage of the huge growth potential of this market.

The Spanish public business entity ICEX considers that the increase in Spanish exports to Morocco in 2022 is a sign of the good health of trade relations between the two countries. This positive trend reflects the efforts of both countries to contribute to the diversification and modernisation of their economies, thus strengthening regional integration. ICEX also highlights the importance of bilateral trade in goods for Spain and Morocco to further deepen their trade relations and strengthen the friendly relationship that unites the two countries, reinforced and enhanced after the last High Level Meeting held in Rabat. 

Moroccan imports into Spain have increased by 19.1% over the previous year, reaching a value of 8,692 million euros. This is mainly due to the increase in trade between the two countries. The figure is significantly higher than the value recorded in 2021, which was €7,296 million. The main categories of goods imported by Morocco were food products, metal products and textile products. Moroccan imports to Spain have increased in the last year, reinforcing its position as the sixth largest supplier of goods to the country. Foodstuffs and textiles have been mainly responsible for this increase, reflecting the increased demand for these products from Spanish consumers. 

This upward trend in demand for Moroccan products in Spain has many benefits for both countries. On the one hand, Morocco's economy benefits from the growing demand for its products abroad, which helps to promote economic development and improve the quality of life of Moroccans. On the other hand, Spain also benefits from the diversification of its economy, as Moroccan products provide an additional source of income and a greater variety of products for its consumers. In short, the increase in the value of Moroccan imports into Spain shows an improvement in Morocco's competitiveness and greater interconnection between the two countries. This positive trend must be continued in order to maximise the benefits of the trade relationship between the two neighbouring countries on both shores of the Mediterranean.