Morocco becomes the European Union’s leading automotive trading partner
With a turnover of more than 15.1 billion euros, Morocco has surpassed the 13.6 billion euros generated by China, according to the Moroccan Foreign Exchange Office and the European Automobile Manufacturers Association (ACEA).
Even if China remains in the lead in terms of volume with nearly 782,000 vehicles exported, compared to 536,000 for Morocco. Morocco’s success in the automotive sector is largely due to the presence of brands such as Dacia, a subsidiary of Renault, as well as Stellantis. Morocco benefits from several industrial hubs, notably in Tangier and Kenitra, where models such as the Sandero and the Citroën Ami are produced. Dacia also assembles more vehicles in Morocco than in Romania, even if the models manufactured in Romania have a higher added value. The Moroccan government aims to produce one million cars annually by 2025. Currently, the production capacity is 700,000 units, with a network of more than 230 suppliers and 220,000 jobs created in the sector. Between 2020 and 2023, automotive production in Morocco increased by 63%, consolidating its leading position in Africa, behind South Africa.
Source:Caterina Lalovnovka