Casablanca – Trade in goods between Morocco and the United States has accelerated significantly during the first seven months of 2026, with bilateral exchanges exceeding $5.3 billion and the US trade surplus widening as American exports to the Moroccan market grew considerably faster than Moroccan shipments to the United States.

Between January and July, merchandise trade between the two countries reached approximately $5.30 billion, compared with about $4.33 billion during the same period of 2025. This represents an increase of around 22.5%, reflecting stronger commercial flows in both directions. However, the largest contribution came from the sharp increase in American exports to Morocco.

US exports to Morocco reached $4.07 billion during the first seven months of the year, compared with $3.25 billion a year earlier. The increase amounted to 25.2%, placing American exports on a significantly faster growth path than Moroccan exports to the US market.

The monthly figures show how this acceleration developed throughout the year. US exports to Morocco reached $456.9 million in January and $431.2 million in February before rising to $609.7 million in March. They then reached $647.4 million in April, $600.5 million in May, $637.1 million in June and a new monthly high of $686.3 million in July.

July’s figure was particularly significant because it surpassed the previous monthly record of $584.5 million registered in August 2025. Compared with July 2025, when US exports to Morocco stood at $444.8 million, the July 2026 figure represented an increase of 54.3%.

The rise in American exports has been accompanied by continued growth in Moroccan shipments to the US. American imports from Morocco reached approximately $1.24 billion between January and July, compared with $1.08 billion during the same period of 2025. This represented an increase of about 14.2%.

Moroccan exports recorded gains across several months of the year. US imports from Morocco amounted to around $146.5 million in January, $143.2 million in February and $160.3 million in March. They increased to approximately $199.5 million in April and $222.9 million in May before reaching $177.9 million in June and $185.3 million in July.

The difference in the pace of growth between the two sides has widened the US merchandise trade surplus with Morocco. The American surplus reached approximately $2.83 billion during the first seven months of 2026, compared with $2.17 billion over the same period in 2025.

July recorded the largest monthly American surplus so far this year, at about $501 million. US exports reached $686.3 million during the month, while imports of Moroccan products stood at $185.3 million. The monthly surplus was substantially higher than the $288.4 million recorded in July 2025.

The cumulative figures also illustrate the pace of the increase. American merchandise exports to Morocco totaled approximately $5.53 billion in 2025. The $4.07 billion recorded during the first seven months of 2026 therefore represents a substantial share of the previous year’s full-year figure. The American merchandise surplus with Morocco reached approximately $3.67 billion in 2025, while the seven-month 2026 figure had already reached a large proportion of that amount.

The structure of bilateral trade covers several major sectors. American shipments to Morocco include energy products, aerospace equipment, machinery, chemicals and other manufactured goods. Moroccan exports to the United States include fertilizers, electrical and electronic equipment, vehicles, aerospace-related products and food products.

Aerospace has become an important component of American exports to Morocco. US shipments of aerospace and space-related products exceeded $1 billion during the first seven months of 2026, compared with about $743 million during the same period of 2025. The increase reflects the development of industrial links and supply chains connecting companies in the two markets.

Fertilizers remain particularly important on the Moroccan side. Morocco has a significant position in the global fertilizer trade, and fertilizer products are among its main exports to the American market. Other Moroccan shipments include automotive components and vehicles, electrical equipment, aircraft-related products and agricultural and food goods.

The bilateral relationship operates under the Morocco-US free trade agreement, which entered into force in 2006. The agreement has provided a framework for market access and commercial activity between the two economies, while trade has gradually expanded into manufacturing, agriculture, aerospace, energy and industrial products.

The increase in Morocco-US trade is occurring alongside broader growth in Morocco’s external commerce. During the first seven months of 2026, Moroccan imports increased substantially, while exports also recorded growth, leaving the country with a wider merchandise trade deficit. The United States is therefore part of a broader expansion in Morocco’s international trade flows.

At the global level, the United States also recorded a significant trade deficit in July. American exports of goods and services reached $310.7 billion, while imports amounted to $399.3 billion, resulting in a combined goods and services deficit of $88.6 billion. The deficit in goods alone reached $119.6 billion, while the country recorded a services surplus of $31 billion.

For Morocco and the United States, the first seven months of 2026 show stronger commercial activity but also a widening imbalance in merchandise trade. The most significant development has been the rapid increase in American exports to Morocco, while Moroccan exports to the United States have continued to grow at a more moderate pace.

The remaining months of 2026 will determine whether the strong trade flows recorded through July continue at the same rate and whether bilateral merchandise trade reaches a new annual level. The current figures nevertheless show that commercial exchanges between the two countries have expanded considerably compared with the same period last year, with the strongest movement coming from the US side.