Significant jump for trade between Morocco and Brazil. In the first quarter, they reached $466.3 million, up 18.24% compared to the same period last year.
Thus, Morocco exported $223.56 million to Brazil. An amount down 11.24% compared to the same period last year. At the same time, the Kingdom imported from Brazil for $242.73 million during the first quarter. The trade surplus in favor of Brazil thus reached $19.17 million.
In terms of product typology, Morocco mainly exports fertilizers, inorganic or organic chemical products, fish and crustaceans, molluscs and other aquatic invertebrates. In return, the Kingdom imports sugar, confectionery products, cereals, iron and steel.
Remember that Brazil has become one of Morocco’s main trading partners in recent years. The Kingdom’s exports to the South American country hit a record last year, since the historic streak began in 2016.