Morocco-Spain: Trade Reaches 12.22 Billion Euros in Six Months

Monday 24 August 2026 - 10:54

The economic relationship between Morocco and Spain continues to intensify. In the first half of 2026, trade between the two countries reached 12.22 billion euros, driven by both the growth of Moroccan exports and the increase in purchases from Spain. This dynamic illustrates the growing interconnection of the two economies.

Bilateral Trade Reaches New Heights

Trade between Morocco and Spain totaled 12.22 billion euros in the first six months of 2026, according to data from ICEX, the Spanish agency responsible for promoting foreign trade and investment.

During this period, Moroccan exports to Spain increased by 4.1%, reaching 5.80 billion euros. At the same time, Moroccan imports from Spain rose by 3.5%, totaling 6.42 billion euros.

This development confirms the special role that Spain occupies in Moroccan foreign trade. The neighboring country has established itself as one of Morocco's main bilateral partners, within an economic relationship now structured by close industrial, commercial, and tourism exchanges.

By way of comparison, the amount recorded in six months already represents more than half of the 22.76 billion euros of trade conducted throughout the entire year of 2025.

The Automotive Industry Drives Trade

This economic proximity largely relies on the integration of production chains between the two countries.

The automotive sector plays a central role in Moroccan exports. A significant portion of the vehicles and components produced in the Kingdom is destined for foreign markets, with the European Union as a major outlet. Spain alone absorbs a substantial share of these flows.

The development of industrial hubs in Tangier, Casablanca, and Kenitra has simultaneously favored the arrival and expansion of many international equipment manufacturers.

Spanish companies specializing in automotive components have thus strengthened their presence in Morocco. This establishment accompanies the rise of the Moroccan automotive ecosystem and contributes to increasing the exchange of parts, equipment, and finished products between the two shores of the Mediterranean.

However, the phenomenon goes beyond mere trade: it reflects a true interconnection of industrial chains, with Spanish companies integrated into production intended for the European market from Morocco.

Textiles Also Foster Strong Interdependence

Textiles represent another sector where the Moroccan and Spanish economies are closely linked.

Thanks to its geographical proximity to Europe and its production capabilities, Morocco plays an important role in the supply chains of several European clothing groups. Spain is among the main outlets for this industry.

The Spanish group Inditex, owner of Zara among others, illustrates this integration. The company relies on a network of suppliers and manufacturers based in Morocco and also has an important commercial network in the Kingdom.

This organization allows Spanish groups to benefit from Morocco's proximity to their main European markets, while Moroccan industrialists gain access to international value chains.

Tourism Complements the Trade Relationship

The relationship between the two countries is not limited to goods.

Spain also plays a significant role in tourist flows to Morocco. In 2025, it ranked second among source markets, behind France, with approximately 4.6 million visitors, marking a 12% increase year-on-year according to the cited ICEX data.

This geographical proximity, reinforced by maritime and air connections, fosters regular travel in both directions. Tourism thus becomes another vector of the economic relationship between the two countries.

A Relationship Set to Exceed Mere Trade

The growth observed in the first half of 2026 confirms a broader trend: the economic relations between Morocco and Spain are now based on deeply intertwined industrial and commercial interests.

Automotive, textiles, tourism, and investments contribute to the construction of a partnership that is gradually transcending mere goods trade. For companies in both countries, geographical proximity constitutes a strategic advantage in a European context marked by the search for closer and more diversified supply chains.