Mexico and Morocco
Mexico and Morocco explore agricultural and fisheries cooperation, particularly water, fertilisers and animal health. Technical contacts seek market diversification and methodology sharing; the source has conflicting chronological references, so projects are described without assigning a new year.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08Bilateral context
The document records a virtual meeting between Víctor Villalobos and Ambassador Abdelfattah Lebbar on health information exchange and expanded products.
What merchandise trade shows
In 2025, goods trade between Mexico and Morocco totalled 503.8 million current USD.
Documented trade sectors
Within the selected chapters, electrical and electronic equipment stands out in shipments from Mexico to Morocco, at 16 million USD in 2025.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 503.83 M USD | 2025 · Comtrade |
| Goods: Mexico to Morocco | 28.64 M USD | 2025 · Comtrade |
| Goods: Morocco to Mexico | 475.19 M USD | 2025 · Comtrade |
| Services trade | ||
| Export share: Mexico to Morocco | 0.0043 % | 2025 · Comtrade |
| Export share: Morocco to Mexico | ||
| Investment stock: Mexico in Morocco | ||
| Investment stock: Morocco in Mexico |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade · Goods; full calendar year; reporter MEX. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Goods: Mexico to Morocco
- 2025 · UN Comtrade · Goods; full calendar year; reporter MEX. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Goods: Morocco to Mexico
- 2025 · UN Comtrade · Goods; full calendar year; reporter MEX. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Export share: Mexico to Morocco
- 2025 · UN Comtrade · Exports to the partner / worldwide exports by the same reporter; same year and coverage.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
Year-on-year inflation: different periods or frequencies; the two figures are not directly comparable.
| Indicator | Mexico | Morocco |
|---|---|---|
| Nominal GDP | 1.83 trillion USD2025 · WB | 182.59 billion USDIMF est.2025 · IMF |
| GDP per capita | 13,889.23 USD2025 · WB | 4,841.63 USDIMF est.2025 · IMF |
| GDP growth | 0.56 %2025 · WB | 4.6 %2025 · WB |
| Policy interest rate | 6.5 %2026-09-24 · Banxico | 2.25 %2026-10-06 · BAM |
| Inflation · annual average | 3.81 %Annual average · 2025 · WB | 0.7 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 3.42 %Year-on-year · first fortnight of Sept. 2026 · INEGI | -0.3 %Year-on-year · Aug. 2026 · HCP |
| Unemployment | 2.67 %ILO est.2025 · WB | 9 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -4.9 %IMF est.2025 · IMF | -3.5 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 61.8 %IMF est.2025 · IMF | 67.1 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -0.45 %2025 · WB | -2.5 %2025 · WB |
| Population | 131,946,9002025 · WB | 37,712,000IMF est.2025 · IMF |
| Area | 1,957,194 km²2023 · BM / FAO | 446,550 km²2023 · BM / FAO |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
For Morocco, GDP, population and GDP per capita are estimates from the same IMF (WEO) dataset for 2025. The per-capita figure published by the IMF is used, rather than a calculation of our own. The earlier World Bank series could not be reconciled and are not mixed with this dataset. Review: 2026-10-07. IMF data terms of use0
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDMexico: 2025 · World BankMorocco: 2025 · Nominal GDP in current USD · IMF — World Economic Outlook · IMF est. · IMF estimate (WEO). GDP, GDP per capita and population for this country come from the same WEO query for 2025; no separate GDP-per-capita figure has been calculated.
- GDP per capita
- Current USD per personMexico: 2025 · World BankMorocco: 2025 · Nominal GDP per capita in current USD · IMF — World Economic Outlook · IMF est. · IMF estimate (WEO). GDP, GDP per capita and population for this country come from the same WEO query for 2025; no separate GDP-per-capita figure has been calculated.
- GDP growth
- Annual real change (%)Mexico: 2025 · World BankMorocco: 2025 · World Bank
- Policy interest rate
- Central bank instrument (%)Mexico: 2026-09-24 · Overnight interbank rate target · Bank of MexicoMorocco: 2026-10-06 · Bank Al-Maghrib policy rate · Bank Al-Maghrib · Date of the latest observation in the official chart; not a new monetary-policy decision. · Alternative official source; verified 2026-10-06
- Inflation · annual average
- Average annual change in headline CPI (%)Mexico: 2025 · Average annual CPI change (%) · World BankMorocco: 2025 · Annual average change in the CPI (%) · World Bank
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedMexico: 2026-09-Q1 · Headline CPI change relative to the same fortnight of the previous year (%) · INEGI · Published: 2026-09-24 · First fortnight of September relative to the same fortnight of 2025; not full-month September CPI or the 0.33% fortnightly change. The monthly September figure had not yet been published on the review date.Morocco: 2026-08 · Change in headline CPI from the same month of the previous year (%) · Morocco's Haut-Commissariat au Plan · Published: 2026-09-22 · National headline CPI: a decrease of 0.3% compared with August 2025. The monthly increase of 0.8% is a different measure; a regional index is not used.
- Unemployment
- % of the labour force; definition used by the stated institutionMexico: 2025 · World Bank · ILO est.Morocco: 2025 · World Bank · ILO est.
- Budget balance
- General government (% of GDP)Mexico: 2025 · IMF — World Economic Outlook · IMF est.Morocco: 2025 · IMF — World Economic Outlook · IMF est.
- Gross public debt
- General government (% of GDP)Mexico: 2025 · IMF — World Economic Outlook · IMF est.Morocco: 2025 · IMF — World Economic Outlook · IMF est.
- Current account balance
- % of GDPMexico: 2025 · World BankMorocco: 2025 · World Bank
- Population
- PeopleMexico: 2025 · World BankMorocco: 2025 · Population from the WEO series; do not mix with the denominator from another source · IMF — World Economic Outlook · IMF est. · IMF estimate (WEO). GDP, GDP per capita and population for this country come from the same WEO query for 2025; no separate GDP-per-capita figure has been calculated.
- Area
- Total area in km²; territorial coverage of the sourceMexico: 2023 · Total area including inland waters; territorial coverage of the source · World Bank · FAOMorocco: 2023 · Total area, including inland waters; source's territorial coverage · World Bank · FAO
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Mexico to Morocco
Morocco to Mexico
How trade has changed
Millions of current USD · full calendar years
View chart figures
| Period | Total | Mexico to Morocco | Morocco to Mexico |
|---|---|---|---|
| 2021 | 362.2 | 22.1 | 340.1 |
| 2022 | 414.5 | 14 | 400.5 |
| 2023 | 459.5 | 60 | 399.5 |
| 2024 | 494.4 | 30.3 | 464 |
| 2025 | 503.8 | 28.6 | 475.2 |
Connections between people
The document records a virtual meeting between Víctor Villalobos and Ambassador Abdelfattah Lebbar on health information exchange and expanded products. Proposed areas include aquaculture, fishing, irrigation systems, fertilisation and prevention of animal and plant diseases. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Mexico living in Morocco | ||
| Residents from Morocco living in Mexico | ||
| Study and training: Mexico in Morocco | ||
| Study and training: Morocco in Mexico | ||
| Academic stays: Mexico in Morocco | ||
| Academic stays: Morocco in Mexico | ||
| Travel: Mexico to Morocco | ||
| Travel: Morocco to Mexico |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
Bilateral context
The document records a virtual meeting between Víctor Villalobos and Ambassador Abdelfattah Lebbar on health information exchange and expanded products. Proposed areas include aquaculture, fishing, irrigation systems, fertilisation and prevention of animal and plant diseases. [1]
The scale of both economies
Nominal GDP for Mexico is 1,832.6 billion USD (2025), compared with 182.6 for Morocco (2025). The reference populations are 131.95 and 37.71 million, respectively. In the same year, the economy of Mexico was 10.04 times that of Morocco in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [5] [6] [7] [8]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Cooperation and bilateral issues
Senasica would provide pest management experience and Morocco share sustainable water and fertiliser use methods. In-person and virtual conferences and invitations to Moroccan fairs were envisaged. The page dated January 2025 contains invitations for 2022 and 2020 statistics; it is treated as a record with conflicting editorial chronology, without converting every project into 2025 activity. Intentions to expand meat imports are not equivalent to completed sanitary opening. [1]
What merchandise trade shows
In 2025, merchandise trade between the two countries (Mexico and Morocco) totalled 503.8 million current USD. Shipments from the first to the second were 28.6 million; those in the opposite direction, 475.2 million. The difference between the two flows was 446.6 million, in favour of Morocco. This is a goods balance, not the total balance of the economic relationship: it excludes services, income and transfers. Both directions come from a single customs reporter to avoid adding mirror records. [2]
The partner's share of exports
Sales from Mexico to the partner represented 0.0043% of its worldwide goods exports in 2025. The share compares the same reporter, year and coverage. It measures export concentration, not the percentage of GDP dependent on this relationship. A partner may be important in a specific sector even if its share of total goods trade is small. [2]
Five years of trade trends
The consistent series shows 362.2 million USD in 2021 and 503.8 million in 2025. The change between the two endpoints was +39.1 % in current dollars. The highest annual value in the period was recorded in 2025, at 503.8 million. The chart allows the two directions to be compared to see whether they moved together or differently. The change combines quantities, prices and exchange rates; it is not automatically attributed to a treaty, a visit or a political decision. The same reporter is retained and missing years are not interpolated. [3]
Documented trade sectors
Within the selected chapters, electrical and electronic equipment stands out in shipments from Mexico to Morocco, at 16 million USD in 2025. Within the selected chapters, electrical and electronic equipment stands out in shipments from Morocco to Mexico, at 121.1 million USD in 2025. The table compares eight selected chapters with the same coverage as the trade total. It is not a complete list or proof that the first item in this selection is the leading product across the entire relationship. A chapter groups numerous goods: machinery and components, for example, do not describe a single business transaction. [4]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — MEX-MAR
www.gob.mx · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Trade series 2021–2025
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Official statistics
World Bank · Institutional source · Accessed: 2026-09-17
- Official statistics
IMF — World Economic Outlook · Institutional source · Accessed: 2026-10-08
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-06
- Official statistics
IMF — World Economic Outlook · Institutional source · Accessed: 2026-10-08
Additional sources on products and human connections
- UN Comtrade
2026-10-08 · Accessed: 2026-10-08 · Bounded matrix; reporter, partner, year, chapter and direction identified in each record.