Morocco-European Union Trade: Moroccan Exports Reach 2.5 Billion Euros in May 2026
Growing Trade Between Morocco and the European Union
Trade between Morocco and the European Union (EU) continues to progress. According to the latest statistics released by Eurostat, Moroccan exports to the European market reached €2.5 billion in May 2026, a slight increase compared to the same period last year.
At the same time, imports to Morocco from the European Union reached €2.8 billion, confirming the significance of trade relations between the two economic partners.
Increase in Moroccan Exports
Eurostat data shows that Moroccan sales to the European Union have increased compared to May 2025, when they stood at €2.4 billion.
This trend underscores the robustness of commercial exchanges between Morocco and its main economic partner, despite an international context characterized by a slowdown in global trade and tensions across various markets.
Euro Area Faces Trade Deficit
While exchanges between Morocco and the European Union remain strong, the situation within the Euro area presents a more mixed picture.
In May 2026, the Euro area’s goods trade balance recorded a deficit of €7.8 billion, compared to a surplus of €15 billion one year earlier.
This deterioration results from a limited increase in exports, which saw only a 0.1% rise to €243.6 billion, while imports surged by 10%, hitting €251.4 billion.
Energy and Industry Affect European Trade
According to Eurostat, the decline in the trade balance is primarily explained by the rising energy costs and the downturn in the performance of sectors such as machinery, industrial equipment, and automotive, which traditionally enjoyed surpluses.
This trend is also evident in the first five months of 2026. From January to May, the cumulative trade surplus of the Euro area fell to €3.3 billion, down from €78.7 billion during the same period in 2025.
During this time, exports to non-EU countries decreased by 2.8%, while imports increased by 3.4%, significantly reducing the trade surplus of the monetary union.
European Domestic Market Remains Resilient
Despite the decline in trade with the rest of the world, commerce among the Euro area member states continues to show positive evolution.
Intra-European exchanges increased by 3.3% in the first five months of 2026, reaching €1.16 trillion, illustrating the resilience of the domestic market in the face of international economic uncertainties.
Across the European Union, imports from non-EU countries rose by 10.8% in May, reaching €227.8 billion. This change is primarily related to the worsening deficit in the energy and chemical sectors, along with the slowdown in machinery and equipment industries.
