Goods trade between Spain and Morocco reached a value of €22.757 billion in 2025. This confirms Spain’s position as its North African neighbour’s leading bilateral trading partner, according to Spanish media and official statistics. Reports often round the figure to around €23 billion.
Economic ties are concentrated in two sectors: automotive components and textiles. Spanish suppliers have an industrial presence in Morocco. Gestamp has sites in the country and continues to develop its operations there; Grupo Antolín has expanded its presence in Morocco in recent years. On the buyer side, Inditex is a key player in textile supply chains between the two countries. These structures shape trade flows and link production capacity in Morocco with sales and development functions in Spain.
Historically, the bilateral trade balance has shown a surplus in Spain’s favour. After strong growth in the previous decade, including a 12.8 per cent increase in 2017, growth slowed from 2018 to rates below three per cent. For 2025, EFE and other Spanish media report different trends in the main figures: Spain’s exports to Morocco reportedly fell by 4.1 per cent, partly because Morocco stepped up its supplies of Russian diesel, while imports from Morocco rose by around six per cent.
Relations are also politically and logistically sensitive. Migration, border management and security affect supply chains and investment decisions. Recent tensions over Ceuta have highlighted the risk of disruption. In the view of Manuel Antonio Fernández‑Villacañas of the EAE Business School the interdependence is asymmetrical; prolonged disputes would tend to affect Morocco’s economy more than Spain’s. Such assessments are opinions, not reliable forecasts of short-term trade trends.
The stated sum of €22.757 billion refers to recorded trade in goods; the data are drawn from official Spanish foreign trade statistics published by the Agencia Tributaria and consistent media reports. Minor discrepancies may arise because foreign trade data series are revised retrospectively. Based on current information, this does not alter the overall picture of high levels of sector-driven trade and Spain’s position as Morocco’s leading bilateral partner.
Editor: Daniel Mayer (Article created with AI assistance).