Accounting for 59.8% of Morocco’s total foreign trade in 2025, trade with Europe recorded a decline compared with 2024 (62%), according to the Office des Changes’ annual report on Morocco’s foreign trade.

Noting that 54.2% of imports originate from Europe and that 69.7% of exports are destined for the continent, the Office des Changes reports that trade with Europe increased by 2.4% to reach 773.1 billion dirhams (MMDH).

Carried out with European Union countries for 85.8% of this total, trade with Europe places Spain at the top of Morocco’s European partners with 27.5%, followed by France (21.1%), Germany (8.9%), Türkiye (7.3%) and Italy (7.1%).

Marked by a 15.6% increase in 2025, confirming the growth recorded in 2024, Morocco’s trade with Asia saw its share of total trade rise at the expense of Europe, moving from 20.1% in 2024 to 21.9% in 2025.

Explained mainly by the growth in trade with China, Morocco’s main Asian partner, whose trade has continued to grow for the fourteenth consecutive year (+25.1%), this trend also benefits from the contribution of India and Bangladesh, with increases of 36% and 34.5% respectively.

Recording an 8% increase, trade with the Americas grew mainly thanks to higher trade with the United States (+7.9%), although this was offset by declines in trade with Canada (-6.2%) and Brazil (-1.9%).

Increasing by 6.1% in 2025, at levels almost similar to those recorded a year earlier, trade with Africa was driven mainly by exchanges with South Africa (+73.2%), Tunisia (+32.5%) and Egypt (+9.4%), which remains Morocco’s leading African partner for the seventh consecutive year.

Remaining limited to 0.4% of total trade, exchanges with Oceania fell by 16% in 2025, after a sharp increase in 2024. This decline is attributable to lower trade with Australia (-1.6 MMDH), offset by higher trade with New Zealand (+0.7 MMDH).