Within a year, Morocco turned its trade deficit with Africa into a surplus.
Morocco is witnessing a remarkable surge in the volume of trade with African countries, as trade reached approximately 53.60 billion dirhams at the end of November 2025, compared to 37.54 billion dirhams in 2014, according to official Moroccan data.
The data indicated that Morocco recorded 56.03 billion dirhams during 2024, achieving growth of nearly 50% over a whole decade, which demonstrates the remarkable shift in the trade balance between Morocco and African countries.
According to official information from local newspapers in Morocco, the trade deficit in the Kingdom moved from 3 billion dirhams in 2014 to a surplus of 7.2 billion dirhams in 2024.
In this regard, Moroccan Minister of Economy and Finance, Nadia Fettah, said that cooperation with African countries represents a strategic priority in the Kingdom’s foreign policy, according to the Moroccan website “Al-Amq”.
She explained that Morocco’s vision for economic cooperation with African countries is based on achieving joint development based on productive investment, promoting economic stability, and building trust, which contributes to creating added value locally, raising competitiveness, and supporting social stability within the continent.
The Moroccan Minister of Economy added that bilateral economic and trade cooperation is one of the main pillars of Morocco’s strategy towards Africa, noting the pivotal role played by the Moroccan private sector in driving economic integration and transforming economic diplomacy into practical and sustainable partnerships.
Regarding Moroccan investments in Africa, the minister confirmed that they have witnessed remarkable growth in recent years, rising from 3 billion dirhams in 2015 to about 4.8 billion dirhams in 2024.
She also noted that Moroccan direct investments in sub-Saharan African countries amounted to 4.55 billion dirhams during 2024, representing about 95% of the total Moroccan direct investments in the continent.
