Casablanca – Trade between Morocco and African nations has seen remarkable growth, with total exchanges rising from $3.74 billion in previous years to $5.43 billion in 2023, according to Omar Hajira, Secretary of State for Foreign Trade. This impressive expansion underscores Morocco’s deepening economic integration within the African continent.
During a session in the House of Representatives addressing “Morocco’s Foreign Trade in Africa,” Hajira emphasized that exports to African countries now represent 7.6% of Morocco’s total exports. Phosphates and their derivatives dominate this trade, accounting for two-thirds of the country’s exports to Africa. Other key sectors include automobiles, which make up 38%, and seafood products at 36%. Additional contributions come from textiles and clothing (2%), leather goods (36%), and electrical equipment (19.5%).
Untapped potential for Moroccan exports
Government studies reveal substantial untapped opportunities for Moroccan exporters. These studies estimate that an additional $1.24 billion worth of goods could be introduced into African markets, expanding Morocco’s trade footprint. Notably, 60 potential investment projects have been identified across the continent, aimed at boosting Moroccan exports and fostering economic collaboration.
Regional analyses highlight specific areas where Moroccan trade can grow. In North Africa, there is potential for $412 million in additional exports, spanning 143 product categories. West Africa holds even greater promise, with a potential of $619 million across 159 products, while Southern Africa could accommodate $113 million in new trade involving 189 products.
Encouraging SMEs to engage
Hajira urged Moroccan exporters, especially small and medium enterprises (SMEs), to seize these opportunities and penetrate Africa’s burgeoning markets. With a consumer base of 1.3 billion people, the continent presents unparalleled prospects for economic engagement.
To facilitate this, the Ministry of Foreign Trade plans to host an international trade exhibition next year, showcasing Moroccan products tailored for export. A dedicated section of the event will highlight African goods, promoting bilateral trade and economic complementarity.
Strategic vision and royal guidance
Morocco’s strengthened economic ties with Africa align with the strategic vision of King Mohammed VI, who has consistently emphasized Morocco’s role as a bridge between Africa and the global economy. This vision is rooted in historical, cultural, and spiritual ties that bind Morocco to its African neighbors.
“The integration of Moroccan and African markets is not just an economic necessity but a testament to our shared heritage and mutual aspirations,” Hajira remarked. He highlighted the importance of fostering partnerships based on trust, collaboration, and mutual benefit.
Looking ahead
As African nations continue to develop, Morocco aims to play a pivotal role in the continent’s economic renaissance. With initiatives like the African Continental Free Trade Area (AfCFTA) gaining momentum, Morocco’s proactive approach is likely to yield significant dividends, further cementing its status as a key player in African trade.
The recent growth in trade volume is only the beginning. By leveraging its strategic location, competitive industries, and royal guidance, Morocco is poised to deepen its economic integration with Africa and unlock new opportunities for shared prosperity.
