[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · MAR · 2024
Morocco trade profile
In 2024, Morocco recorded $46.9B in merchandise exports and $73.5B in imports, producing a $26.6B trade deficit. Exports changed +9.7% from the previous year, while imports changed +10.1%.[1]
Exports
$46.9B
+9.7%
Imports
$73.5B
+10.1%
Trade balance
-$26.6B
deficit
Active partners
270
50 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$8.1B
HS 85 · Electrical machinery
261 active HS6 lines · 161 export partners
2$7.9B
HS 87 · Vehicles
87 active HS6 lines · 145 export partners
3$7.1B
HS 31 · HS chapter
24 active HS6 lines · 118 export partners
4$3.5B
HS 62 · HS chapter
112 active HS6 lines · 158 export partners
5$2.3B
HS 08 · HS chapter
66 active HS6 lines · 116 export partners
6$2.2B
HS 07 · HS chapter
63 active HS6 lines · 107 export partners
7$1.8B
HS 28 · HS chapter
173 active HS6 lines · 105 export partners
8$1.7B
HS 03 · HS chapter
207 active HS6 lines · 121 export partners
Leading export markets
Destinations rank bilateral export flows from Morocco; growth describes each corridor rather than the whole economy.
1$9.1B
Spain
Annual change +1.3% · 3-year CAGR 5.1%
2$7.9B
France
Annual change +10.5% · 3-year CAGR 4.9%
3$2.8B
Germany
Annual change +6.3% · 3-year CAGR 22.0%
4$2.3B
Italy
Annual change +8.1% · 3-year CAGR 13.5%
5$2.1B
United Kingdom
Annual change +9.1% · 3-year CAGR 21.6%
6$1.8B
India
Annual change +33.6% · 3-year CAGR 2.3%
7$1.5B
Brazil
Annual change +14.0% · 3-year CAGR -9.0%
8$1.5B
United States
Annual change +13.5% · 3-year CAGR 13.8%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.