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decline in Spanish exports of automotive components

Spanish exports of automotive components to Morocco fell slightly last year to reach 832 million euros, a contraction of -13.7%, explains SERNAUTO, specifying that besides Morocco, these components are generally exported to the European Union, the United Kingdom, the United States, China, Mexico, Turkey, South Africa, Japan and Russia.

To read: Morocco in second position for Spanish exports of automotive components

In 2021, Spain exported 19.66 billion euros of automotive components, an increase of 10% compared to 2020. Morocco represents 4.2% of total Spanish exports compared to 66.4% for Morocco. EU.

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