Economy & BusinessTrade rises between Morocco and Israel

Trade rises between Morocco and Israel

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Following the normalization of diplomatic relations between Morocco and Israel last December, trade has soared between the two countries. This is indicated by data from the Israeli Central Bureau of Statistics.

Commercial exchanges between Israel and the four Arab countries (United Arab Emirates, Bahrain, Sudan, Morocco) having normalized their relations with it, are prospering. In the first seven months of 2021, these exchanges increased by 234% compared to the same period in 2020, data from Israel’s Central Bureau of Statistics shows.

In detail, the volume of trade between Morocco and Israel reached $ 20.8 million in the first seven months of 2021 against $ 14.9 million recorded in December 2020.

The amount of transactions between the United Arab Emirates – which normalized relations with Israel in August 2020 – and the Hebrew state rose from $ 50.8 million between January and July 2020, to $ 613.9 million during from the same period in 2021.

These data were obtained without taking into account several sectors: trade, tourism, services.

The Moroccan Blog
The Moroccan Blog
The Moroccan Blog is an English based newsblog dedicated to Morocco. You can find here all news from Morocco across a variety of topics: Arts & Culture, Economy & Business, Lifestyle, Moroccan Sahara, MRE, Society, Tourism & Travel and more.

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