Morocco Trade & Investment Summary
U.S. goods and services trade with Morocco totaled an estimated $6.8 billion in 2022. Exports were $4.5 billion; imports were $2.3 billion. The U.S. goods and services trade surplus with Morocco was $2.1 billion in 2022.
U.S. goods exports to Morocco in 2022 were $3.7 billion, up 33.3 percent ($928 million) from 2021 and up 71 percent from 2012. U.S. goods imports from Morocco totaled $1.7 billion in 2022, up 33.3 percent ($423 million) from 2021, and up 82 percent from 2012. The U.S. goods trade surplus with Morocco was $2.0 billion in 2022, a 33.3 percent increase ($505 million) over 2021.
U.S. exports of services to Morocco were an estimated $734 million in 2022, 47.1 percent ($235 million) more than 2021, and 29 percent greater than 2012 levels. U.S. imports of services from Morocco were an estimated $636 million in 2022, 58.2 percent ($234 million) more than 2021, and 50 percent greater than 2012 levels. Leading services exports from the U.S. to Morocco were in the travel, financial services, and transportation sectors. The United States had a services trade surplus of an estimated $98 million with Morocco in 2022, up 1.0 percent from 2021.
U.S. foreign direct investment (FDI) in Morocco (stock) was $379 million in 2022, a 1.6 percent decrease from 2021.
