The Kingdom is currently the largest Arab country exporting to Mexico, therefore preceding the United Arab Emirates, Saudi Arabia, Bahrain, Oman and Egypt.

Morocco topped the list of Arab countries exporting to Mexico in 2020, as the Kingdom exported more than 298 million USD in products, according to figures from the Mexican Business Council for Foreign Trade (COMCE).

The kingdom’s main exports to Mexico include calcium phosphate, auto and aircraft parts, and marine fishing products.

A communiqué by the Moroccan Embassy in Mexico stated that Moroccan exports to the second largest economy in Latin America are witnessing a significant increase despite the restrictions associated with the Covid-19 pandemic.

The Kingdom is currently the largest Arab country exporting to Mexico, therefore preceding the United Arab Emirates, Saudi Arabia, Bahrain, Oman and Egypt.

On the other hand, Morocco, which is Mexico’s second largest trading partner in Africa, imported 26 million dollars in Mexican products, consisting mainly of butane, and electronic and mechanical equipment. The same source added that “the total return of bilateral trade with Mexico amounted to 324 million dollars, and prospects for developing these exchanges are promising.”

The communiqué also stated that Moroccan ambassador to Mexico, Abdelfattah Lebbar, affirmed the “clear interest” of Mexican actors in strengthening economic relations with the Kingdom, expressing his hope to fully exploit the commercial potential of the two countries.

In this regard, Lebbar referred to the importance of enhancing business visits, in particular, in order to stimulate investment and trade, and to benefit from the cooperation agreement concluded in 2004 in Mexico between the Mexican Business Council for Foreign Trade and the General Confederation of Moroccan Enterprises (CGEM).

The post Morocco Tops List of Arab Countries Exporting to Mexico appeared first on Morocco Telegraph.