Israel-Morocco Trade Surges 40% as Arab-Israeli Commerce Booms

Trade between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco has jumped by 234% during the first seven months of the current year, according to data from the Israeli Central Bureau of Statistics. These figures do not include tourism or services, notes the Israel-Switzerland group. The volume of transactions between Morocco and Israel has increased from $14.9 million to $20.8 million.

Commercial transactions with Jordan and Egypt have also increased, from $136.2 million to $224.2 million and from $92 million to $122.4 million respectively. Trade with Bahrain, which did not have a trade relationship with Israel, amounted to $300,000. As for the volume of transactions with the United Arab Emirates, it has increased from $50.8 million between January and July 2020 to $613.9 million during the same period in 2021.