Morocco recorded a trade deficit of 17570 MAD Million in July of 2021. source: Office des Changes

Balance of Trade in Morocco averaged -10901.79 MAD Million from 1998 until 2021, 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. 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 - values, historical data and charts - was last updated on September of 2021.

Balance of Trade in Morocco is expected to be -19700.00 MAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Morocco Balance of Trade is projected to trend around -13000.00 MAD Million in 2022 and -15600.00 MAD Million in 2023, according to our econometric models.

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Morocco Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-17570.00 -15855.00 -1254.60 -23012.00 1998 - 2021 MAD Million Monthly

Morocco Trade Last Previous Highest Lowest Unit
Balance of Trade -17570.00 -15855.00 -1254.60 -23012.00 MAD Million [+]
Current Account -8957.80 1171.30 11697.00 -28726.70 MAD Million [+]
Current Account to GDP -1.50 -4.60 2.00 -9.30 percent of GDP [+]
Imports 40065.00 42409.00 48669.00 6424.40 MAD Million [+]
Exports 22495.00 26554.00 27846.00 4878.90 MAD Million [+]
Capital Flows -8792.00 6151.90 26593.10 -22708.70 MAD Million [+]
Tourist Arrivals 7250000.00 12932260.00 12932260.00 4379990.00 [+]
Gold Reserves 22.12 22.12 22.12 21.94 Tonnes [+]
Foreign Direct Investment 16744.00 11096.00 16744.00 -11002.20 MAD Million [+]
External Debt 577404.17 582935.11 582935.11 151986.36 MAD Million [+]
Crude Oil Production 0.00 0.00 0.40 0.00 BBL/D/1K [+]
Terrorism Index 0.57 1.22 4.50 0.00 [+]

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.