The European Union accounts for two-thirds of Morocco’s exports, with exchanges exceeding 60 billion euros.
Follow-Up
The European Union mission in Morocco has revealed updated information confirming the robustness of the economic partnership between Rabat and Brussels. It noted that the trade value of goods between both sides surpassed 60 billion euros in 2024, marking a 77% increase compared to 2014 and a 53% rise relative to pre-COVID-19 levels.
The mission highlighted that the European Union remains Morocco’s primary trading partner, representing around 50% of its imports and receiving more than two-thirds of Moroccan exports, particularly in the automotive, electrical equipment, agriculture, fisheries, aerospace, and textiles sectors.
Regarding the services sector, the value of exchanges reached 16 billion euros in 2024, resulting in a surplus of 3.4 billion euros in favor of Morocco.
In terms of investment, the European Union continues to lead as the largest foreign investor in the kingdom, with direct European investments exceeding 22.2 billion euros by the end of 2024, showing an upward trend in annual flows and cumulative investments.
These relations are based on the Euro-Mediterranean agreement signed between Morocco and the European Union, which came into effect in 2000 and established a free trade area for industrial products. This was further strengthened in 2010 with an agreement to liberalize trade in agricultural products and fisheries, which also became effective in 2012, alongside a mechanism for resolving trade disputes.
During the fifteenth meeting of the partnership council in 2024, both parties reaffirmed the strength of their bilateral relations, highlighting progress in areas of economic and social convergence, sustainable development, and the green transition.
The year 2025 also witnessed the launch of the “Charter for the Mediterranean,” as part of a strategic approach aimed at modernizing the partnership and enhancing its sustainability, by promoting investment, supporting clean energies, developing the blue economy and sustainable agriculture, improving digital connectivity and green transportation, and creating job opportunities.
