Recent data shows a significant increase in U.S. exports of machinery and mechanical appliances (HS Code 84) to Morocco under the U.S.-Morocco Free Trade Agreement, with a focus on industrial equipment.
October 10, 2023
Impact: This surge strengthens bilateral trade ties, reduces costs for Moroccan importers due to tariff exemptions, and supports U.S. manufacturers with increased demand.
Morocco Increases Imports of U.S. Electrical Machinery (HS Code 85)
Morocco has ramped up imports of electrical machinery and equipment (HS Code 85) from the U.S., driven by infrastructure development projects and renewable energy initiatives.
September 15, 2023
Impact: This trend boosts U.S. export revenues and supports Morocco's energy transition goals, potentially leading to long-term trade partnerships in high-tech sectors.
U.S. Vehicle Exports to Morocco See Growth (HS Code 87)
Exports of vehicles and parts (HS Code 87) from the U.S. to Morocco have risen by 15% year-over-year, fueled by demand for American-made automobiles and components.
August 20, 2023
Impact: This growth enhances U.S. automotive industry earnings and provides Morocco with access to quality vehicles, though it may face challenges from competing European suppliers.
Policy Updates
Extension of U.S.-Morocco Free Trade Agreement Provisions
The U.S. and Morocco have agreed to extend specific provisions of their 2006 Free Trade Agreement, including zero tariffs on industrial goods (HS Codes 69 and above), to encourage trade in high-value sectors like machinery and vehicles.
