n 2019, Morocco’s GDP was an estimated $119.0 billion (current market exchange rates); real GDP was up by an estimated 2.2%, and the population was 36 million. (Source: IMF)
U.S. goods and services trade with Morocco totaled an estimated $6.6 billion in 2019. Exports were $4.3 billion; imports were $2.3 billion. The U.S. goods and services trade surplus with Morocco was $1.9 billion in 2019.
Morocco is currently our 63rd largest goods trading partner with $5.1 billion in total (two-way) goods trade during 2019. Goods exports totaled $3.5 billion; goods imports totaled $1.6 billion. The U.S. goods trade surplus with Morocco was $1.9 billion in 2019.
Trade-in services with Morocco (exports and imports) totaled an estimated $1.5 billion in 2019. Services exports were $768 million; services imports were $758 million. The U.S. services trade surplus with Morocco was $10 million in 2019.
According to the Department of Commerce, U.S. exports of goods and services to Morocco supported an estimated 12 thousand jobs in 2015 (latest data available) (8 thousand supported by goods exports and 4 thousand supported by services exports).
- Morocco was the United States’ 49th largest goods export market in 2019.
- U.S. goods exports to Morocco in 2019 were $3.5 billion, up 16.5% ($496 million) from 2018 and up 114.4% from 2009. U.S. exports to Morocco are up 627% from 2005 (pre-FTA).
- The top export categories (2-digit HS) in 2019 were: mineral fuels ($1.2 billion), aircraft ($1.1 billion), food waste, animal feed ($181 million), machinery ($167 million), and organic chemicals ($152 million).
- U.S. total exports of agricultural products to Morocco totaled $297 million in 2019. Leading domestic export categories include: soybean meal ($107 million), tree nuts ($50 million), distillers grains ($42 million), feeds and fodders not elsewhere specified or indicated ($31 million), and corn ($10 million).
- U.S. exports of services to Morocco were an estimated $768 million in 2019, 18.3% ($172 million) less than 2018, but 147% greater than 2009 levels. Leading services exports from the U.S. to Morocco were in the maintenance and repair services, travel, and intellectual property (computer software) sectors.
- Morocco was the United States’ 67th largest supplier of goods imports in 2019.
- U.S. goods imports from Morocco totaled $1.6 billion in 2019, up 1.9% ($30 million) from 2018, and up 238.2% from 2009. U.S. imports from Morocco are up 255% from 2005 (pre-FTA).
- The top import categories (2-digit HS) in 2019 were: fertilizers ($729 million), electrical machinery ($108 million), woven apparel ($108 million), edible fruit & nuts (citrus, fresh, dried) ($92 million), and preserved food (prepared vegetable, not frozen) ($58 million).
- U.S. total imports of agricultural products from Morocco totaled $207 million in 2019. Leading categories include: processed fruit & vegetables ($81 million), other fresh fruit ($70 million), other vegetable oils ($29 million), essential oils ($5 million), and spices ($2 million).
- U.S.imports of services from Morocco were an estimated $758 million in 2019, 14.5% ($96 million) more than 2018, and 89.5% greater than 2009 levels. Leading services imports from Morocco to the U.S. were in the travel, transport, and financial services sectors.
- The U.S. goods trade surplus with Morocco was $1.9 billion in 2019, a 32.2% increase ($466 million) over 2018.
- The United States has a services trade surplus of an estimated $10 million with Morocco in 2019, down 96.4% from 2018.
U.S. foreign direct investment (FDI) in Morocco (stock) was $406 million in 2019, a 1.0% decrease from 2018. There is no information on the distribution of U.S. FDI in Morocco.
No data on Morocco’s FDI in the U.S. are available. There is no information on the distribution of Morocco FDI in the U.S.
- Sales of services in Morocco by majority U.S.-owned affiliates were $243 million in 2017 (latest data available). There were no sales of services in the United States by majority Morocco owned firms in 2017.