Morocco Trade Market 2026: Strategic Review & Growth Forecast

Morocco's export performance shows a consistent upward trend, growing from $27.7 billion in 2020 to $42.4 billion in 2023. This sustained expansion highlights the country's strengthening position in international markets over the last four years.

Import values peaked in 2022 at $71.8 billion before a slight correction to $69.9 billion in 2023. Despite this minor dip, the overall import trajectory remains significantly higher than the $44.3 billion recorded in 2020.

Automotive and phosphate products lead Morocco's exports. Spark-ignition vehicles rank first at $4.25 billion, followed by wire harnesses ($2.22 billion) and diammonium phosphate ($2.03 billion), showcasing a diverse industrial and chemical export base.

Energy products dominate imports, with petroleum ether valued at $7.6 billion. Other critical imports include liquefied butanes ($1.6 billion) and wheat ($1.47 billion), reflecting the nation's reliance on external energy and food resources.

Spain and France remain Morocco's primary trade partners, accounting for 36.04% and 28% of total trade respectively. Spain leads with a total trade value of $20.5 billion, underscoring strong European economic ties.