Morocco’s Trade with African Partners Surges 9.5% Annually, Reaches 39.6 Billion Dirhams

In the scientific journal on the profiles of African economies, the DEPF, a structure of the Ministry of Economy, Finance and Administration Reform, reports that these exchanges represent about 6.9% of the total value of Morocco’s foreign trade, compared to 4.3% in 2000. An encouraging progression recorded over the last two decades, due to the efforts made by the Kingdom in diversifying its trade relations, notes the DEPF.

Regarding Moroccan exports to the African continent, the figures have increased by an average of 11% per year to 21.6 MMDH in 2019, representing 7.7% of Morocco’s total exports, compared to 3.7% in 2000, the scientific journal specifies.

These transactions are mainly composed of semi-products (31.5% in 2019), food products, beverages and tobacco (28.5%), finished consumer goods (16.9%), finished industrial equipment products (14.1%) and energy and lubricant products (4.5%).

As for imports, they have also shown an average annual increase of 9% to 17.9 MMDH in 2019, or 3.6% of Morocco’s total imports, compared to 4.6% in 2000, indicates this "Policy Africa" which thus highlights the significant weight of purchases of energy products (38.6% in 2019), food products, beverages and tobacco (18.2%), semi-products (17.6%) and finished consumer goods (16.1%).

According to the DEPF’s analysis, over the past two decades, the Kingdom has intensified its cooperation ties with the countries of the continent, through the consolidation of its political relations and the intensification of South-South cooperation, carried out according to a "win-win" approach, the same source supports before specifying that in this momentum, Morocco has deployed towards its African partners an economic strategy aimed at positioning the Kingdom as a regional hub, at the service of co-development such as human development, food security, infrastructure, financial development, renewable energies, etc.