Morocco's Trade Dynamics Shift in 2025: Europe Remains Top Partner, Asia Gains Ground

Morocco's total trade volume in 2025 reached 1.292.4 billion dirhams, marking a 6.1% increase from the previous year. Europe, including the European Union, remained the top trading partner, accounting for 59.8% of Morocco's external trade, although this figure represents a slight decline from 62% in 2024. Asia's share of Morocco's trade increased to 21.9%.

Trade with Europe totaled 773.1 billion dirhams, a 2.4% increase from 2024. Of this, 85.8% was with EU countries, amounting to 663.1 billion dirhams, compared to 653.8 billion dirhams in 2024. This represents 51.3% of Morocco's total trade, a 2.4 percentage point decrease. Spain led European partners with 27.5% of the trade, followed by France with 21.1%, Germany with 8.9%, Turkey with 7.3%, and Italy with 7.1%. Morocco's trade deficit with the EU was 84.9 billion dirhams, up from 76.9 billion dirhams in 2024. However, the deficit with Spain decreased by 7.5 billion dirhams to 10.6 billion dirhams. Meanwhile, Morocco has maintained a trade surplus with France since 2017, which was 14.6 billion dirhams in 2025, down from 15.9 billion dirhams in 2024.

Trade with Asia increased by 15.6%, or 38.2 billion dirhams, to 282.7 billion dirhams. China, in particular, continued to increase its trade with Morocco for the 14th consecutive year, with a 25.1% share. Trade with India and Bangladesh also saw significant increases of 36% and 34.5%, respectively. Morocco's trade deficit with China was 110.2 billion dirhams, up from 86.2 billion dirhams in 2024.

Trade with the Americas increased by 8%, driven by a 7.9% increase in trade with the United States. The trade deficit with the U.S. was 61 billion dirhams in 2025. Trade with Africa also increased, with a 10.5% rise in trade with the United Arab Emirates, which accounted for 8.5% of Morocco's total trade with Africa. Trade with Egypt and Nigeria also increased, by 14.6% and 12.5%, respectively.

Morocco's trade dynamics in 2025 reflect a continued strong relationship with Europe, particularly the EU, while also showing a growing importance of Asian markets, especially China. The shifts in trade patterns highlight Morocco's efforts to diversify its trade partners and reduce its reliance on any single region. This matters because it indicates Morocco's strategic approach to economic development and global trade engagement, aiming to balance traditional partnerships with emerging opportunities.