Global Perspective: Morocco'S Textile Exports To Spain Will Grow By 18% In 2024
On March 2, Hespress Information Network of Morocco reported that in 2024, Morocco's textile exports to Spain will reach 1.76 billion euros, an increase of 18% year on year. In the same period, Turkey's textile exports to Spain fell by 10%, while Portugal's orders continued to shrink. At present, Morocco ranks the fourth country of origin of Spanish textile imports with a market share of 7.8%, just behind Bangladesh, China and Turkey.
Although the global textile industry tends to low cost mass production, Morocco has successfully consolidated its position as a key partner of Spain's textile industry by virtue of its competitiveness in the field of clothing and industrial textiles, its geographical proximity advantages and 48 hour direct land supply chain.
(Source: website of Ministry of Commerce)
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