For the third consecutive year, Morocco continues as the leading African and Arab destination for Spanish exports. For Spain, Morocco is the second export market outside the euro zone, behind the USA and ahead of China with a trade surplus of € 2.6 billion. Spain has become since 2012 a major trading partner for Morocco with a trade volume of around 10 billion euros per year. A position long dominated by France.
Spanish exports to Morocco rose by 6.9% in the first half of 2014 compared with the same period in 2013, totaling EUR 2.97 billion, according to figures published by the Spanish Ministry of Economy and Competitiveness. With this progress, Morocco holds the first African and Arab destination for Spanish exports, the ministry said in a statement. All in all, the Moroccan market has received 2 5% of total Spanish exports. For the month of June alone, the Spanish sales to Morocco experienced a net increase of 21.2% to € 580.3 million.