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Morocco

Morocco ranked No. 64 in total trade value through October with a total of $3.74 billion. Exports totaled $2.43 billion and Imports totaled $1.31 billion, a surplus of $1.12 billion.

January – October 2018

Top Trading Ports

Total Trade: $3.74 billion

RankPortTotal YTD
1Port of New Orleans $818,153,766
2Port of Houston $336,882,098
3Port of Southern Louisiana, Gramercy, St. James Parish $222,417,376
4Norfolk/Mobile/Charleston $158,644,290
5Port of Virginia $158,217,684
6Port of Savannah, Ga. $152,205,556
7Port of Newark $152,199,233
8John F. Kennedy International Airport $146,087,742
9Port of Port Arthur, Texas $145,141,480
10Port of Corpus Christi, Texas $140,159,168

U.S. trade with Morocco rose to $3.74 billion through October

Morocco’s trade with the United States rose to $3.74 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 34.82 percent above its total trade during the same time period last year. Morocco’s exports increased 42.49 percent while imports rose 22.6 percent. The U.S. surplus with Morocco was $1.12 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Port of Houston; No. 3 Port of Southern Louisiana, Gramercy, St. James Parish; No. 4 Norfolk/Mobile/Charleston; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port of Southern Louisiana, Gramercy, St. James Parish No. 3 Port of Newark No. 4 Port of Houston and No. 5 Port of Greater Baton Rouge, La.. In the current time period, the top five accounted for 45.27 percent of Morocco’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 63.69 percent to $818.15 million.
    Exports rose 13.89 percent to $266.57 million. Imports rose 107.56 percent to $551.58 million.
  • Trade with No. 2 Port of Houston rose 101.63 percent to $336.88 million.
    Exports rose 112.05 percent to $318.29 million. Imports rose 9.5 percent to $18.59 million.
  • Trade with No. 3 Port of Southern Louisiana, Gramercy, St. James Parish fell 21.14 percent to $222.42 million.
    Exports rose 158.67 percent to $153.89 million. Imports fell 69.21 percent to $68.52 million.
  • Trade with No. 4 Norfolk/Mobile/Charleston rose 64.79 percent to $158.64 million.
    Exports rose 64.79 percent to $158.64 million. There were no imports.
  • Trade with No. 5 Port of Virginia rose 13.14 percent to $158.22 million.
    Exports rose 14.49 percent to $153.35 million. Imports fell 17.56 percent to $4.87 million.

Morocco ranked No. 64 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 70.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Morocco by value through October were the categories of Gasoline, other fuels; Coal, briquettes; Civilian aircraft, parts; Petroleum gases, other gaseous hydrocarbons; and Soybean oilcake, other solid residue, not ground, respectively. They accounted for 53.61 percent of total exports to Morocco.

The value of the top five categories of U.S. imports from Morocco –– Misc. mineral or chemical fertilizers; Oranges, grapefruit, other citrus; Phosphatic fertilizers; Caviar, caviar substitutes, other prepared fish; and Insulated wire, cable –– accounted for 60.96 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 2.57 percent compared to last year to $488.61 million.
  • Coal, briquettes rose 65.04 percent compared to last year to $228.25 million.
  • Civilian aircraft, parts rose 143.27 percent compared to last year to $221.48 million.
  • Petroleum gases, other gaseous hydrocarbons rose 174.2 percent compared to last year to $187.86 million.
  • Soybean oilcake, other solid residue, not ground rose 259 percent compared to last year to $176.43 million.

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

  • Misc. mineral or chemical fertilizers rose 39.47 percent compared to last year to $592.46 million.
  • Oranges, grapefruit, other citrus rose 56.86 percent compared to last year to $65.75 million.
  • Phosphatic fertilizers rose 40.34 percent compared to last year to $56.27 million.
  • Caviar, caviar substitutes, other prepared fish rose 16.04 percent compared to last year to $46.51 million.
  • Insulated wire, cable rose 18.6 percent compared to last year to $39.37 million.

In the latest annual figures available, Morocco recorded $3.35 billion in trade with the United States. At year’s end, its were New Orleans; Houston; New York City; Port Arthur, Texas; and Norfolk. Total U.S. exports to Morocco were $ 2.12 billion and imports from Morocco were $1.23 billion. The U.S. surplus with Morocco was $886.69 million.