On October 15, 2026, Morocco’s Foreign Exchange Office published its annual foreign trade statistics for 2025. The figures show that nine African countries each imported more than $100 million worth of Moroccan goods during the year — equivalent to approximately MAD 935 million at the 2025 average exchange rate of MAD 9.34 to the dollar.
They are Côte d’Ivoire, Mauritania, Senegal, Tunisia, Ghana, Egypt, Guinea, Benin and Mali. But beyond the $100 million threshold lies a ranking marked by sharply contrasting trends and a trading landscape that tells a more complex story than a simple league table.
According to Foreign Exchange Office data, Côte d’Ivoire leads the ranking, with Moroccan exports worth approximately $433 million (MAD 4.048 billion) in 2025. It is Morocco’s largest African market by value, recording growth of 13.2% and accounting for 0.9% of the country’s total exports.
Read also : Automotive industry’s share of Moroccan exports climbs from 25% to nearly 35% in a decade
Mauritania follows with approximately $395 million (MAD 3.694 billion), up 11.3%, representing 0.8% of total exports. Senegal ranks third at around $294 million (MAD 2.752 billion), but sales fell by 9.3%, leaving it with a 0.6% share. Tunisia, at approximately $234 million (MAD 2.183 billion), posted one of the strongest increases, up 52.6%, and accounted for 0.5%.
The nine African countries receiving more than $100 million in Moroccan exports in 2025
| Rank | Country | 2025 exports (million dirhams) | Equivalent (million dollars) | Share of total (%) | Change 2025/2024 |
|---|---|---|---|---|---|
| 1 | Côte d’Ivoire | 4,048 | ~433 | 0.9 | +13.2% |
| 2 | Mauritania | 3,694 | ~395 | 0.8 | +11.3% |
| 3 | Senegal | 2,752 | ~294 | 0.6 | −9.3% |
| 4 | Tunisia | 2,183 | ~234 | 0.5 | +52.6% |
| 5 | Ghana | 1,725 | ~185 | 0.4 | −0.7% |
| 6 | Egypt | 1,561 | ~167 | 0.3 | +106.0% |
| 7 | Guinea | 1,544 | ~165 | 0.3 | +19.5% |
| 8 | Benin | 1,528 | ~163 | 0.3 | +4.2% |
| 9 | Mali | 1,134 | ~121 | 0.2 | −2.0% |
| — | Total for the nine countries | 20,169 | ~2,158 | 4.3 | — |
| — | Total for Africa | 30,333 | ~3,245 | 6.5 | −4.1% |
| — | Nine countries’ share of African exports | 66.5% | 66.5% | — | — |
Figures in millions of Moroccan dirhams (MAD) and US dollars (USD), converted at the average exchange rate of USD 1 = MAD 9.34. Shares are percentages of Morocco’s total exports.
Source: Foreign Exchange Office.
Ghana held its position at approximately $185 million (MAD 1.725 billion), despite a slight decline of 0.7%. Egypt stands out as the most striking case: exports reached around $167 million (MAD 1.561 billion), surging by 106% and accounting for 0.3% of Morocco’s total exports.
Guinea recorded growth of 19.5%, reaching approximately $165 million (MAD 1.544 billion), while Benin rose 4.2% to around $163 million (MAD 1.528 billion). Mali remained above the $100 million mark, with approximately $121 million (MAD 1.134 billion), although exports fell by 2%.
Read also : Morocco’s automotive exports reach MAD 93.65 Billion
Côte d’Ivoire dominates in absolute value, but Egypt boasts the fastest relative growth. Tunisia is also showing strong momentum. Senegal, meanwhile, is the warning sign: Morocco’s third-largest African market by value, but one where sales are contracting.
Together, these nine markets account for approximately $2.158 billion of Morocco’s $3.245 billion in exports to Africa, or nearly two-thirds (66.5%) of the continental total. They are far from a peripheral group of customers: they form the backbone of Morocco’s export trade with Africa.
A significant African market, but a shrinking trade surplus
The broader picture helps explain what is at stake. In 2025, Moroccan exports to Africa stood at $3.245 billion (MAD 30.333 billion), down 4.1% from 2024. They accounted for 6.5% of Morocco’s total exports, which rose 3% to $50.287 billion (MAD 470.048 billion).
In other words, Africa remains an important export market, but sales to the continent are falling even as Morocco’s overall exports grow. Imports from Africa, meanwhile, increased by 19.2% to $3.113 billion (MAD 29.100 billion). As a result, Morocco’s trade surplus with the continent shrank to $128 million (MAD 1.2 billion).
The Foreign Exchange Office puts it plainly: “The trade surplus with the African continent stood at MAD 1.2 billion, down 82.9%, or MAD 6 billion, compared with the previous year”—a decline equivalent to approximately $642 million.
That decline does not erase the performance of the nine leading markets. It does, however, place it in a more precarious context: Morocco sells substantial volumes to nine countries, but its exports to Africa as a whole are declining, while its purchases from the continent are growing faster than its sales. The African trade balance is tightening. The nine markets above $100 million therefore provide a foundation, not a guarantee.
Foreign Exchange Office data also reveal the composition of Morocco’s exports to Africa. Natural and chemical fertilizers remain the largest category, worth $765 million (MAD 7.154 billion), or 23.6% of the continental total, but down 25.8%. This is a crucial point: a sharp decline in Morocco’s leading export product for Africa inevitably weighs on the overall figures.
At the same time, it is easy to see why Mohammed VI Polytechnic University (UM6P) and OCP Africa, in partnership with INP-HB, have just inaugurated the Digital Farming School in Yamoussoukro, Côte d’Ivoire. The school aims to train African experts capable of developing technological solutions suited to the continent’s agricultural realities. This offers an insight into Morocco’s strategy. Even as fertilizer exports decline, Côte d’Ivoire, Morocco’s largest African market, is hosting a school devoted to digital agriculture. Sell less, but train the experts who will shape tomorrow’s purchasing decisions. Value is thus shifting from products to expertise.
Read also : Tangier secures new $66 million investment from China’s Jiangsu Yunyi Electric
Fresh, salted, dried or smoked fish comes next at $270 million (MAD 2.527 billion), up 8.8%, representing 8.3% of exports to Africa. Raw or refined sugar reached $217 million (MAD 2.028 billion), an increase of 16.3%, with a 6.7% share. Insulated electrical wires, cables and other conductors accounted for $165 million (MAD 1.546 billion), up 17.9%.
Prepared and preserved fish and crustaceans declined by 15.8% to $147 million (MAD 1.373 billion), representing 4.5% of the total. Passenger car exports surged 85.3% to $138 million (MAD 1.291 billion). Petroleum oils and lubricants reached $105 million (MAD 982 million), up 4.7%.
Paper and cardboard products stood at $88 million (MAD 826 million), up 1.6%. Stationery and cereal-based preparations reached $82 million (MAD 769 million), an increase of 11.5%. Electrical wires and cables accounted for $73 million (MAD 678 million), up 37%.
Electrical switching and connection devices and resistors accounted for $70 million (MAD 655 million), up 23.9%. “Other products” represented $1.124 billion (MAD 10.504 billion), down 2.9%, or 34.6% of the total. Taken together, the figures show that Morocco exports a mix of agri-industrial products, materials, wiring and vehicles to Africa.
Morocco buys energy, minerals, fuels, agricultural products and chemicals from Africa. It sells the continent fertilizers, fish, sugar, cables and vehicles. This complementary trade relationship helps explain why Morocco’s surplus with Africa is shrinking as imports of energy and agricultural goods grow faster than exports of manufactured products. The billion-dirham threshold reached by each of the nine countries is not, on its own, enough to offset Morocco’s rising import bill.
Turning a threshold into sustained growth
The nine African countries that each bought more than $100 million worth of Moroccan goods in 2025 do not represent nine identical success stories. They are nine commercial positions, moving at very different speeds.
Côte d’Ivoire and Mauritania lead by value. Tunisia and Egypt provide the momentum. Senegal, Ghana and Mali warrant close attention: Senegal is in marked decline, while the other two have slipped slightly. Guinea and Benin are consolidating their positions above the threshold. Morocco, therefore, faces nine distinct challenges: retain its biggest customers, build on markets showing strong growth and reverse the declines.
Read also : EU agri-food imports from Morocco rise 1% in 2026, exports fall 10%
According to World Trade Organization (WTO) data, global merchandise trade grew by 4.6% in volume and 7% in value in 2025, while Africa both exported and imported more. African exports increased by 10.3%, and imports by 8.7%.
Morocco, by contrast, recorded a 4.1% decline in exports to Africa. The difference is stark. The nine markets generating more than $100 million each are a valuable asset. But that asset will become a lasting strength only if Morocco can turn the threshold into sustained growth: defending market share, diversifying its products and, above all, preventing the decline in fertilizer exports—its largest export category—from dragging down its entire African export base.
Breakdown of Moroccan exports to Africa by product in 2025
| Product | 2025 (million dirhams) | Equivalent (million dollars) | Share (%) | Change 2025/2024 |
|---|---|---|---|---|
| Natural and chemical fertilizers | 7,154 | ~765 | 23.6 | −25.8% |
| Fresh, salted, dried or smoked fish | 2,527 | ~270 | 8.3 | +8.8% |
| Raw or refined sugar | 2,028 | ~217 | 6.7 | +16.3% |
| Yarns, cables and insulated electrical conductors | 1,546 | ~165 | 5.1 | +17.9% |
| Fish and crustacean preparations and preserves | 1,373 | ~147 | 4.5 | −15.8% |
| Passenger cars | 1,291 | ~138 | 4.3 | +85.3% |
| Petroleum oils and lubricants | 982 | ~105 | 3.2 | +4.7% |
| Paper and cardboard; miscellaneous paper products | 826 | ~88 | 2.7 | +1.6% |
| Paper products and cereal-based preparations | 769 | ~82 | 2.5 | +11.5% |
| Electrical wires and cables | 678 | ~73 | 2.2 | +37.0% |
| Equipment for cutting or connecting electrical circuits and resistors | 655 | ~70 | 2.2 | +23.9% |
| Other products | 10,504 | ~1,124 | 34.6 | −2.9% |
| Total Africa | 30,333 | ~3,245 | 100.0 | −4.1% |
Source: Foreign Exchange Office.
