Trade between Morocco and Spain reached nearly €7.9 billion in the first four months of 2026, according to data from Spanish customs. Spanish purchases of Moroccan goods rose 2.6% to €3.8 billion, while Spanish sales to Morocco fell 1.0% to €4.1 billion, reducing Madrid's trade surplus to €305.5 million.
The figures reflect a slight narrowing of Spain's trade advantage, as Moroccan exports to Spain grew faster than Spanish exports to Morocco. Key Moroccan exports to Spain include agricultural products, textiles, and automotive components, while Spain exports machinery, chemicals, and food products to Morocco.
Despite the dip in Spanish sales, overall bilateral trade remains robust, driven by strong demand for Moroccan goods in the Spanish market. The data underscores the deep economic integration between the two countries, which are major trading partners in the Mediterranean region.
Analysts note that the trade balance shift could be influenced by currency fluctuations and changing consumer demand. The trend may continue as Morocco expands its manufacturing and export capacity.
