Morocco

Morocco ranked No. 63 in total trade value through May with a total of $1.65 billion. Exports totaled $1.05 billion and Imports totaled $590.46 million, a surplus of $464.16 million.

U.S. trade with Morocco rose to $1.38 billion through May

Morocco’s trade with the United States rose to $1.38 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.4 percent below its total trade during the same time period last year. U.S. exports to Morocco decreased 14.14 percent while U.S. imports from Morocco fell 28.02 percent. The U.S. surplus with Morocco was $445.64 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Port of Baltimore, Md.; No. 3 Port of Southern Louisiana, Gramercy, St. James Parish; No. 4 Port of Houston; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Port of New Orleans; No. 2 Port of Charleston; No. 3 Port of Everett, Wash.; No. 4 Port of Southern Louisiana, Gramercy, St. James Parish and No. 5 Norfolk/Mobile/Charleston. In the current time period, the top five accounted for 53.42 percent of Morocco’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans fell 29.94 percent to $270.67 million.
    Exports fell 18.63 percent to $131.29 million. Imports fell 38.05 percent to $139.38 million.
  • Trade with No. 2 Port of Baltimore, Md. rose 1339.39 percent to $194.47 million.
    Exports rose 6867.97 percent to $180.99 million. Imports rose 23.55 percent to $13.48 million.
  • Trade with No. 3 Port of Southern Louisiana, Gramercy, St. James Parish rose 54.29 percent to $179.9 million.
    Exports rose 351.66 percent to $59.8 million. Imports rose 16.2 percent to $120.09 million.
  • Trade with No. 4 Port of Houston rose 40.66 percent to $144 million.
    Exports rose 53.12 percent to $132.29 million. Imports fell 26.74 percent to $11.71 million.
  • Trade with No. 5 Port of Newark fell 0.59 percent to $89.71 million.
    Exports fell 72.56 percent to $4.93 million. Imports rose 17.29 percent to $84.78 million.

Morocco ranked No. 63 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 63.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Morocco by value through May were the categories of Civilian aircraft, parts; Gasoline, other fuels; LNG, other petroleum gases; Soybean oilcake, other solid residue, not ground; and Soybean oil, respectively. They accounted for 60.03 percent of total exports to Morocco.

The value of the top five categories of U.S. imports from Morocco –– Misc. mineral or chemical fertilizers; Motor vehicle parts; Oranges, grapefruit, other citrus; Caviar, caviar substitutes, other prepared fish; and Phosphatic fertilizers –– accounted for 62.31 percent of all inbound shipments.

Looking more closely at U.S. exports to Morocco:

  • Civilian aircraft, parts fell 47.45 percent compared to last year to $258.89 million.
  • Gasoline, other fuels fell 2.51 percent compared to last year to $149.75 million.
  • LNG, other petroleum gases fell 42.14 percent compared to last year to $100.01 million.
  • Soybean oilcake, other solid residue, not ground rose 11.05 percent compared to last year to $68.89 million.
  • Soybean oil totaled $55.56 million. The previous year, there were no exports in this category.

Looking more closely at U.S. imports from Morocco:

  • Misc. mineral or chemical fertilizers fell 31.95 percent compared to last year to $225 million.
  • Motor vehicle parts rose 6486.86 percent compared to last year to $44.14 million.
  • Oranges, grapefruit, other citrus fell 19.94 percent compared to last year to $43.56 million.
  • Caviar, caviar substitutes, other prepared fish rose 55.13 percent compared to last year to $34.23 million.
  • Phosphatic fertilizers rose 2.39 percent compared to last year to $20.99 million.

In the latest annual figures available, Morocco recorded $5.06 billion in trade with the United States. Total U.S. exports to Morocco were $ 3.48 billion and imports from Morocco were $1.58 billion. The U.S. surplus with Morocco was $1.9 billion.