Trade exchanges between Morocco and Israel, during the first seven months of 2021, increased after the signing of the agreement to restore diplomatic relations between the two countries, at a value of approximately $7 million compared to the same period in 2020.
According to figures from the Israeli Central Bureau of Statistics, trade exchanges between Rabat and Tel Aviv, excluding tourism and services activity, increased from $14.9 million between January and the end of July 2020, to $20.8 million this year.
In general, the Israeli report says that the volume of trade exchanges between the countries of the Middle East and North Africa and between Israel doubled by 234 percent after the signing of diplomatic relations treaties.
However, Morocco does not take the lead in these exchanges, but rather the United Arab Emirates, whose total commercial transactions with Israel went from $50.8 million to $613.9 million.
The second rank is not occupied by any of the other countries that signed diplomatic agreements recently, but Jordan, whose relations with the Hebrew state date back to 1994, when their exchanges increased from 136.2 million dollars to 224.2 million dollars.
Egypt comes third for commercial exchanges, whose value has moved from $92 million to $122.4 million, followed by Morocco in fourth, and Bahrain in fifth place after it has moved from $0 to $300 thousand.
