After China, Morocco is the largest car exporter to the European Union. According to EUobserver, in 2023, Morocco produced 700,000 vehicles, and exported 536,000 of them to the European market.
Exports of the Moroccan auto industry to the EU amounted to 15.1 billion euros, which represented a 30 percent increase compared to the previous year. Only China is ahead with 782,000 cars exported to the European Union in 2023, it says. Forbes.
As far as the number of manufactured vehicles is concerned, the first place in Africa is held by the Republic of South Africa, but also according to this criterion, Morocco is expected to come first, he states. Index.hr.
AfricaNews in its earlier article states that French factories play a significant role in Morocco. Among other things, Renault Clio, Dacia Sandero and Dacia Jogger are produced there. Stellantis in Morocco manufactures Peugeots, Opels and Fiats, and Chinese, Japanese, American and Korean manufacturers produce numerous parts. China’s BYD has been announcing the construction of a factory for a long time, but it has not happened yet.
Analysts expect Morocco’s car exports to continue to grow, with the percentage of electric vehicles also increasing. The main export markets are Spain, France, Germany and Italy.
Moroccan Minister of Industry and Trade Riyad Mezur plans that 60 percent of the vehicles produced annually will be electric by 2030. Most will be exported to Europe.
Morocco has become a key ally of the European Union in migration control and the fight against terrorism, and is the EU’s main trading partner in the African Maghreb region. As part of the trade agreement with Brussels, it has preferential access to the EU market.
Source: Index.hr / Forbes
Photo: Autoblog.rs archive / Renault
Source: autoblog.rs
