Spain remained Morocco’s top trading partner in 2016 with trade turnover totaling $10.6 billion up from $9.3 billion in 2015, Morocco’s foreign exchange regulatory authority, L’Office des Changes said. Between 2015 and 2016, Morocco’s imports from Spain rose from $4.4 billion to $6.2 billion, while its exports to the country jumped from $4.2 billion to $5.1 billion. In 2016, Morocco exported $22.6 billion and imported $41.5 billion, resulting in a negative trade balance of $18.9B. Its top imports are refined petroleum ($3.43 billion), cars ($1.98 billion), wheat ($1.3 billion), petroleum gas ($1.13billion) and insulated wire ($1.11billion). Top origins of Morocco’s imports are Spain ($7.68billion), France ($4.73 billion), China ($3.08 billion), Germany ($2.32 billion) and the US ($1.93 billion).

Source: The North Africa Journal December 31, 2017 14:03 UTC