Morocco recorded a trade deficit of 15904 MAD Million in November of 2019. Balance of Trade in Morocco averaged -10624.26 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. source: Office des Changes
Balance of Trade in Morocco is expected to be -18950.00 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 -18700.00 in 12 months time. In the long-term, the Morocco Balance of Trade is projected to trend around -20200.00 MAD Million in 2020, according to our econometric models.
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.