Picture: WMA

Hespress from RabatTuesday, November 22, 2022 – 11:24 am

Commerce alternate between Morocco and Germany has grown considerably this yr, reaching 3.6 billion euros on the finish of September final yr, equal to about 40 billion dirhams.

In accordance with information launched by the German Chamber of Commerce and Business in Morocco, bilateral commerce between the 2 international locations has elevated considerably this yr in comparison with the earlier yr.

Between January and September 2022, Germany exported to Morocco value 2.1 billion euros, up 30.4 p.c on the identical interval final yr; Alternatively, Morocco exported 1.5 billion euros, up 28.6 p.c.

In accordance with the Accounts Chamber, the statistics present the event of commerce, regardless of the influence of the Russian battle in Ukraine on the demand for items. The rise in Morocco’s exports is especially resulting from phosphates.

Andreas Wenzel, CEO of the German Chamber, stated in a press assertion that 2021 was a file yr by way of commerce relations between Germany and Morocco, regardless of the troublesome worldwide context, whereas information for 2022 present a major enhance in commerce. in each instructions.

Wenzel identified that 2022 might be a brand new file in commerce relations, noting that this growth coincides with the pattern in direction of elevated German funding in Morocco.

Germany Commerce Morocco

Leave a Reply

Your email address will not be published.