Morocco has secured the second spot among Africa’s top service exporters, according to the latest United Nations Conference on Trade and Development (UNCTAD) report on Africa’s economic development. With an annual average of $16.2 billion in service exports between 2019 and 2021, Morocco is only outperformed by Egypt ($20.6 billion), while South Africa takes third place with $11.2 billion.
This ranking highlights Morocco’s growing influence in Africa’s service industry, driven by its diverse economy and robust regulatory framework. The country’s ability to navigate the complexities of global trade has positioned it as a resilient and strategic hub for service exports.
However, the report also points out persistent challenges, including infrastructure gaps and non-tariff barriers that hinder intra-African trade. These regulatory restrictions, more than customs duties, are major obstacles to unlocking the full potential of the African Continental Free Trade Area (AfCFTA), which is valued at $3.4 trillion.
Morocco’s business-friendly environment and economic diversification have helped cushion it from trade risks. With sustained investment in infrastructure and a proactive trade policy, the country is positioning itself as a leading economic hub in Africa.
However, the COVID-19 pandemic exposed vulnerabilities in economies heavily reliant on services, particularly in sectors like tourism and transportation. Morocco, like Egypt, South Africa, and Tunisia, felt the impact of global disruptions, emphasizing the need for an even more resilient and diversified economic strategy.
To maintain its growth momentum, Morocco is focused on modernizing its logistics infrastructure and strengthening trade agreements. These efforts are essential to overcoming trade barriers and ensuring smoother integration within the AfCFTA.
The UNCTAD report acknowledges Morocco’s ability to adapt to global and regional challenges, citing its investment in infrastructure, trade reforms, and regional cooperation as key indicators of its commitment to Africa’s economic transformation.
With a strategic vision centered on expansion and deeper African economic integration, Morocco is well-positioned to drive the growth of service trade on the continent. By leveraging innovation, trade partnerships, and infrastructure modernization, the country is reinforcing its role as a major player in Africa’s economic future.
