Trading Partner Portal: Morocco
Overview
Trade Overview
Morocco is slightly geographically larger than California. It is in between the Western Sahara and Algeria in North Africa. The capital of Morocco is Rabat, which is bordered by the Atlantic Ocean. Morocco has a population of 38.08 million people and a gross domestic product (GDP) of $154.43 billion. Due to its proximity to Europe, Morocco has created strong trade relationships and promotes an open market economy.
U.S. – Morocco Trade
In 2024, the U.S. exported roughly $5.30 billion worth of goods to Morocco. The largest category of exported goods was transportation equipment, which made up $1.43 billion of the total. Other exports to Morocco from the U.S. included chemicals ($820 million), oil and gas ($676 million), petroleum & coal products ($513 million), and minerals and ores ($491 million).
In the same year, the United States imported roughly $1.90 billion worth of goods from Morocco. Top imports were transportation equipment ($278 million), chemicals ($266 million), computer and electronic products ($264 million), apparel and accessories ($263 million), and processed foods ($216 million). U.S. Department of Commerce
Morocco – California Trade
California exported $298 million worth of goods to Morocco in 2024. The key exported product categories were agricultural products ($210 million), computer and electronic products ($29 million), non-electrical machinery ($15 million), transportation equipment ($12 million), and fabricated metals products ($8 million).
In 2024, California imported $372 million of various goods from Morocco. The largest import category was computer and electronic products with a value of $233 million. Some of the other major imports were apparel and accessories ($51 million), processed foods ($24 million), transportation equipment ($18 million) and nonmetallic minerals products ($18 million). Out of the states, California is the largest importer of Moroccan goods. U.S. Department of Commerce
FDI – Morocco
In 2023, the U.S. had $275 million in foreign direct investment (FDI) in Morocco. BEA
More Articles :
WTO Trade Policy Review: Morocco (2024)
Posting First Rise Since 2014, U.S. Exports to Arab World Grow 4 Percent to $62.64 Billion in 2019
National U.S.-Arab Chamber of Commerce, February 9, 2020
U.S. Goods Exports to Arab Countries 2018 vs. 2019
National U.S.-Arab Chamber of Commerce, February 2020
U.S. Goods Exports to Arab Countries 2018 vs. 2019
National U.S.-Arab Chamber of Commerce, February 2020
Trade Agreements
Trade Agreements and Issues
The United States- Morocco Free Trade Agreement
The United States- Morocco Free Trade Agreement was signed in June of 2004. Its implementation began in the beginning of 2006. It was economically beneficial for both sides with the elimination and reduction of trade barriers. 95% of tariffs of bilateral trade between Morocco and the United States were eliminated with the agreement. All tariffs were to be phased out after nine years. Five years after the FTA’s implementation, the US exported $2.8 billion worth of goods to Morocco and the trade surplus with Morocco was $1.8 billion, which was a dramatic increase from the $79 million the year before the FTA was enacted.