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Bilateral trade between Morocco and the UK has been steadily increasing, with recent data from the UK Department for Business and Trade showing that the total trade in goods and services between the two nations amounted to £3.8 billion over the four quarters leading up to the end of Q2 2024.
The number represents an increase of 10.9% or £378 million in current prices from the four quarters to the end of Q2 2023. The data shows that the total UK exports to Morocco reached £1.4 billion in the four quarters to the end of Q2 this year. The fact sheet acknowledged a 4.1% decrease in current prices compared to this period. Total UK imports from Morocco, meanwhile, amounted to £2.4 billion in the four quarters to the end of Q2 this year. The number accounted for 0.2% of the total UK trade.
The recent statistics come in the wake of a productive meeting between Moroccan and UK investors, where they discussed the growing potential for cooperation — particularly in the agriculture sector. Earlier this month, the Agricultural Development Agency (ADA), in partnership with the Moroccan embassy in the UK, convened an investment-focused event in London. The meeting provided a hub to discuss investment opportunities between the two countries.
Morocco’s agricultural exports to the UK reached USD 554.37 million last year. The growth reflects a 56% increase in Moroccan agricultural exports to the UK from 2021 to 2023. The momentum in trade cooperation comes as both countries continue to express the importance of bilateral ties. Since the signing of the Association Agreement in 2019, the UK and Morocco have worked together in different sectors, including trade and food security.
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Many UK MPs have been urging their government to further strengthen bilateral ties with Morocco by recognizing the country’s sovereignty over its southern provinces and supporting the Autonomy Plan as the most credible political solution. They increasingly recognize Morocco’s strategic positioning, urging their government to boost ties with Rabat. This position aligns with the rising international backing for Morocco’s sovereignty and territorial integrity.
To date, the UK has been only officially stating its support for the UN-led political process and appreciating Morocco’s efforts in this realm.
