According to the US Department of Agriculture, Morocco has emerged as the 36th largest market for American agricultural exports, with a significant increase in 2023. The total value of U.S. agricultural exports to Morocco reached $610.17 million last year.
Over the past three years, the average annual value of these exports to Morocco was $592.65 million. In 2022, the value climbed to $603.43 million, up from $564.34 million in 2021 and $477.06 million in 2020. This growth reflects an average annual increase of 3.9% from 2014 to 2023. Notably, exports fell sharply in 2020 to $298.64 million from $586.57 million in 2019.
A key component of this trade is U.S. nuts, with Morocco importing 32,381 tons worth $137.03 million in 2023 alone. This marks a remarkable 1,755% increase over the past decade.
Conversely, Moroccan imports of U.S. wheat amounted to $6.73 million in 2023, totaling 21,160 tons. This figure represents a decrease from $30.48 million in the previous year, although the import volume has seen a substantial 197% increase over the past ten years.
The enhancement of trade between the United States and Morocco is partly attributed to the Free Trade Agreement signed on June 15, 2004. Effective January 1, 2006, this agreement has facilitated smoother trade flows and strengthened economic ties between the two countries.
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