Over the whole of 2021, Morocco’s trade exchanges experienced a significant rebound, marked by an increase in the trade deficit to 15.5%, according to Bank Al-Maghrib.
Transfers from Moroccans residing abroad (MRE) in 2021 increased by 37.5% compared to 2020, according to the annual report on the economic, monetary and financial situation of Bank Al-Maghrib (BAM).
On Thursday, Algeria lifted its trade blockade against Spain, once again authorizing foreign trade operations with the country. Is this the beginning of an easing of tensions between the two countries?
The Professional Association of Banks and Financial Institutions (ABEF) of Algeria specified in a note published on Saturday that the suspension of foreign trade operations of goods and services to and from Spain does not affect goods domiciled or issued before June 9, the date of entry into force of the measure.
To discuss opportunities for Korean investment in Morocco, the Moroccan Investment and Export Development Agency (AMDIE) organized a Roadshow in South Korea last week, in the presence of several investors and the Korea Importers Association (KOIMA).
The Moroccan melon was sold more expensively than the Spanish one on the European market in 2020, according to data from Faostat, the statistical agency of the United Nations Food and Agriculture Organization (FAO) and the Euroestacom (Icex-Eurostat) statistical service.
By the end of May, Moroccan exports of phosphates and derivatives have almost doubled, reaching 47.62 billion dirhams (MMDH) compared to 13.43 MMDH in the same period last year.
After several years of hesitation, the European Union has finally decided to open its doors to Moroccan poultry meat, authorizing its export to its member countries.
Morocco bought various defense materials from Spain for 14.9 million euros in 2021, according to a report by the Spanish Secretary of State for Trade on defense equipment exports.
Morocco has definitively conquered the Spanish watermelon market. Two out of three watermelons consumed in Spain come from the kingdom.
Morocco exported 608.6 million kilos of tomatoes this season, compared to 521.8 million kilos the previous season, an increase of around 17%.
This season has been very prosperous for Moroccan citrus exports . According to the Ministry of Agriculture, Maritime Fisheries, Rural Development and Water and Forests, the recorded figures are more than encouraging.