To everyone’s surprise, the Algerian president invited the king of Morocco to the Arab League summit, which will be held on November 1 and 2 in Algiers. A strong gesture for these neighboring countries, very close culturally, but with many political and economic differences move away. And if these adversaries became trading partners, what would actually happen?
In 2020, according to OEC Monde, Moroccan exports to Algeria amounted to 134 million euros. In 2021, according to the United Nations International Trade Database (Comtrade), they rose to 115 million euros.
Spain and Morocco exchange 30 times more than Morocco and Algeria
This indicator, driven by sales of iron and steel (22 million euros), and which represents only 0.48% of the total exports of the Cherifian kingdom, has continued to decline since 2010, with an average annual drop of 4,11 %.
Morocco-Algeria: the decisive battle of the gas pipelines is launched
Potential one-third increase in both GDPs
“Economic relations between Morocco and Algeria are very weak given the opportunities. To get an idea, Spain and Morocco exchange 30 times more than Morocco and Algeria. A World Bank report also indicated that if a real integration between the two countries took place, in ten years, the GDP of Algeria and Morocco would increase respectively by 35% and 30%”, explains to Young Africa Jean-Michel Huet, associate Africa au sein du cabinet de advice BearingPoint.