Morocco recorded a trade deficit of 17021 MAD Million in August of 2019. Balance of Trade in Morocco averaged -10560.36 MAD Million from 1998 until 2019, reaching an all time high of -1254.60 MAD Million in January of 1999 and a record low of -23012 MAD Million in May of 2012.

Balance of Trade in Morocco is expected to be -15986.03 MAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Morocco to stand at -19700.00 in 12 months time. In the long-term, the Morocco Balance of Trade is projected to trend around -15977.03 MAD Million in 2020, according to our econometric models.

Morocco Balance of Trade
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Forecast Data Chart
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Morocco Trade Last Previous Highest Lowest Unit
Balance of Trade -17021.00 -20166.00 -1254.60 -23012.00 MAD Million [+]
Current Account -21012.70 -8475.70 11697.00 -28726.70 MAD Million [+]
Current Account to GDP -5.50 -3.60 2.00 -9.30 percent [+]
Imports 37013.00 40573.00 44130.00 6424.40 MAD Million [+]
Exports 19992.00 20407.00 27273.00 4878.90 MAD Million [+]
Capital Flows -16046.30 -3940.40 26593.10 -22708.70 MAD Million [+]
Tourist Arrivals 12280000.00 11349347.00 12280000.00 4379990.00 [+]
Gold Reserves 22.12 22.10 22.12 21.94 Tonnes [+]
Terrorism Index 0.04 0.08 4.50 0.00 [+]
Foreign Direct Investment 3597.00 14540.00 14540.00 -11002.20 MAD Million [+]
External Debt 490594.19 493341.03 493341.03 151986.36 MAD Million [+]
Crude Oil Production 0.16 0.16 0.40 0.08 BBL/D/1K [+]


Morocco Balance of Trade

Phosphates and textiles are central to Morocco's export industry. Other exports items include electric components, inorganic chemicals, transistors, citrus fruits, vegetables, fish. Morocco main exports partners are European Union countries with Spain, France and Italy being the most important. Morocco imports crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics. Its main imports partners are: France, Spain, China, Italy, Germany, United States and Saudi Arabia. This page provides the latest reported value for - Morocco Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Morocco Balance of Trade - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-17021.00 -20166.00 -1254.60 -23012.00 1998 - 2019 MAD Million Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 24789.70 Jul/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3787.85 Aug/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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