Morocco -Brazil Bilateral Trade Crosses USD 2.77 bn YoY Growth of 4.52%

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Bilateral trade between Morocco and Brazil saw a growth of 4.52%, reaching a total of USD 2.77 billion compared to USD 2.65 billion in 2023. This increase demonstrates a notable boost in bilateral relations, with a slight trade surplus of approximately USD 2.2 million by the end of the year.

Brazil’s exports to Morocco played a key role in this growth, amounting to USD 1.39 billion, a 12.2% increase from the previous year. The main products driving this growth were sugar (both cane and beet) and pure sucrose, with 1,923 tons exported valued at USD 918.1 million (+13.93%), making up 66.07% of Brazil’s exports to Morocco.

Other notable products included corn, with 1,505 tons exported valued at USD 297.2 million (+0.94%), and live cattle, which saw a dramatic 319.27% rise in export value, totalling USD 47.22 million for 20,050 tons.

On the import side, Brazil’s imports from Morocco totalled USD 1.39 billion in 2024, a slight decrease of 1.7% compared to 2023. Morocco remains Brazil’s third-largest Arab supplier, particularly in mineral and chemical fertilisers, with 51.53% of these imports consisting of multi-nutrient fertilisers worth USD 714.9 million, and 32.23% phosphates of USD 447.2 million.

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The key Brazilian states involved in exports to Morocco are São Paulo (48.3%), followed by Mato Grosso (18.4%) and Minas Gerais (10.6%). For imports, Rio Grande do Sul (27%) and Paraná (24%) are the leading states.