A Blooming Partnership: US Agricultural Exports to Morocco Hit Record High
The relationship between the United States and Morocco is flourishing, particularly in the agricultural sector. In 2023, US agricultural exports to Morocco reached a record-breaking $610.17 million, according to the US Department of Agriculture. This represents a significant jump from the $298.64 million recorded in 2019 and highlights a consistent upward trend in agricultural trade between the two nations.
This morocco-unemployment-rate-highest-since-2001/” title=”Morocco's Unemployment Rate Soars to 20-Year High”>growth is part of a larger pattern. Between 2014 and 2023, US agricultural exports to Morocco saw an average annual growth rate of 3.9%. This positive trajectory underscores the strengthening economic ties between the two countries.
What’s Driving This Growth?
Soybean meal tops the list of US agricultural products sought after by Morocco. Primarily used as a protein supplement and energy source in food and animal feed, the US exported 427,272 tons of soybean meal to Morocco in 2023, valued at $225.40 million.
The second most popular category is nuts. Almonds, Brazil nuts, cashews, hazelnuts, macadamia nuts, pecans, pine nuts, pistachios, and walnuts are all making their way from the US to Moroccan consumers. In 2023, Morocco imported 32,381 tons of these nuts, totaling $137.03 million.
A Promising Future
This upward trend in agricultural trade signifies a mutually beneficial partnership. For the US, Morocco represents a significant market for its agricultural products, ranking 36th among US agricultural export destinations. For Morocco, access to high-quality US agricultural products contributes to its food security and economic growth.
As both nations continue to invest in their agricultural industries and explore new avenues for collaboration, the future of US-Morocco agricultural trade appears bright. This partnership serves as a testament to the power of international cooperation in fostering economic growth and global food security.
