
MARKET STUDY REPORT – MOROCCO
Moroccans base businesses runs on trust and mutual respect built over time. Having working relationships are often critical to concluding deals in Morocco. Its recommended that Indian exporters should strongly consider travel to the country to develop and strengthen relationship. India-Morocco Trade: In 2023, India exported $1.51B to Morocco. The main products that India exported to Morocco were Other Large Iron Pipes ($286M), Refined Petroleum ($199M), and Cars ($80.6M). Over the past 5 years the exports of India to Morocco have increased at an annualized rate of 16%, from $720M in 2018 to $1.51B in 2023. In December 2024, the top exports of India to Morocco were Motor Vehicle/Cars ($17.4M), Manmade Yarn,Fabrics,Madeups ($7.08M), Spices ($6.8M), Drug Formulations, Biologicals ($3.32M), and Sesame Seeds ($3.02M). In December 2024 the top imports of…