Chinese trade relations have witnessed, over the past five years, a significant momentum, enabling China to become the third trading partner of the Kingdom in 2010 with a trading volume of 26.8 billion dirhams ($3.22 billion). Trade relations between Rabat and Beijing are governed by the trade and economic agreement, signed on March 28, 1995. According to the Foreign Trade Ministry, this volume represents 6 percent of trade in goods made by Morocco with foreign countries with 25 billion dirhams of imports from China, that is 8.4 percent of the kingdom's total imports, while Morocco's exports to China have achieved, during the same period, nearly 1.8 billion dirhams, i.e. 1.2 percent of exports. According to Morocco's exchange rate monitoring body, the Chinese exports to Morocco have recorded, over the past five years, a sustained increase from 11 billion dirhams in 2006 to more than 20 billion dirhams in 2009. This increase is attributed to the rise in exports of “machines and divers apparatuses.”
