Morocco was among the top five car exporters to Europe in 2018, according to the latest report by the European Automobile Manufacturers Association (ACEA). Morocco ranked fifth, exporting 283,614 units and Moroccan-made cars account for 7.8 percent of all cars exported to the EU, according to ACEA report. Turkey followed with €8.7 billion, South Korea with €7.1 billion, the US with €5.5 billion, Mexico with €5.2 billion, and South Africa with €4 billion. Last year, 79 million cars were sold worldwide, a slight drop of a fraction of a percentage point compared to 2017. In 2018, EU car export volumes fell slightly by 1.6 percent, while imports surged by 9.3 percent.

Source: The North Africa Journal March 06, 2019 14:37 UTC