Finance

Morocco-USA: imports surpass exports

4 October 2026·2 min read

In the first seven months of 2026, Morocco's trade deficit with the United States widens to $2.83 billion. Moroccan imports ($4.07B) surge 25.2%, far outpacing exports ($1.24B, +14.2%). In July alone, the monthly gap exceeds $500 million.

Morocco-USA: Trade Imbalance Widens Further

Over the first seven months of 2026, Morocco purchased $4.07 billion worth of goods from the United States compared to $1.24 billion in sales. In concrete terms, for every dollar exported to the American market, the kingdom imports $3.29. Data from the Census Bureau confirms a balance of power that leans heavily in the American favour.

Total trade reaches $5.3 billion, up 22.5% year-on-year. A rise that masks a strong asymmetry: Moroccan exports grew by 14.2%, but imports from the United States surged by 25.2%. This difference in pace pushes the Moroccan trade deficit to $2.83 billion, compared to $2.17 billion over the same period in 2025.

The month of July illustrates this dynamic on its own. The United States delivered $686.3 million worth of goods to Morocco, while their purchases did not exceed $185.3 million. The monthly gap exceeds $500 million, a sign that the trend is not reversing in the short term.

The free trade agreement in force since January 2006 has eliminated most customs duties without, however, guaranteeing a balance of flows. In 2025, the American surplus on goods already stood at $3.7 billion, with $5.5 billion in deliveries against $1.9 billion in purchases. Services, meanwhile, remain more balanced, limiting the American surplus to $119 million on this segment.

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