Morocco recorded a trade deficit of 15137 MAD Million in December of 2020. source: Office des Changes

Balance of Trade in Morocco averaged -10757.82 MAD Million from 1998 until 2020, 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 February of 2021.

Balance of Trade in Morocco is expected to be -14500.00 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 -15977.03 in 12 months time. In the long-term, the Morocco Balance of Trade is projected to trend around -12000.00 MAD Million in 2022 and -12600.00 MAD Million in 2023, according to our econometric models.

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Morocco Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-15137.00 -10752.00 -1254.60 -23012.00 1998 - 2020 MAD Million Monthly

Morocco Trade Last Previous Highest Lowest Unit
Balance of Trade -15137.00 -10752.00 -1254.60 -23012.00 MAD Million [+]
Current Account 1510.40 -8978.40 11697.00 -28726.70 MAD Million [+]
Current Account to GDP -4.60 -5.50 2.00 -9.30 percent [+]
Imports 39964.00 35497.00 45130.00 6424.40 MAD Million [+]
Exports 24827.00 24745.00 27273.00 4878.90 MAD Million [+]
Capital Flows 7184.20 -5731.80 26593.10 -22708.70 MAD Million [+]
Tourist Arrivals 12932260.00 12288708.00 12932260.00 4379990.00 [+]
Gold Reserves 22.12 22.12 22.12 21.94 Tonnes [+]
Foreign Direct Investment 4816.00 288.00 14339.00 -11002.20 MAD Million [+]
External Debt 524035.09 511720.67 524035.09 151986.36 MAD Million [+]
Crude Oil Production 0.16 0.16 0.40 0.08 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.