Shared from our friends over at GlobalTrade.net, Oklahoma-based companies have an opportunity to expand to one of the U.S.’ growing trade partners with access to the wider Mediterranean. According to GlobalTrade.net’s latest country report, “trade between the United States and Morocco totaled slightly above $2.6 billion in 2015. The United States exported a total value of $1.6 billion and imported $1 billion worth of goods…
“The United States export mainly apparel and food manufactures, electrical equipment and appliances, mineral fuel and oil as well as cereals. Imports from Morocco are mainly fertilizers, raw materials (salt, sulfur, earth and stone), electrical machinery and woven apparel.
“New opportunities for business can be found in particular in agricultural products, textiles and the banking sector.”
For Oklahoma agriculture exporters, especially wheat farmers coming off a better than expected 2016 summer harvest, the USDA’s forecast for nearly 3 million tons of wheat imports (up from 2.8 initially predicted) into Morocco is a positive.
To read the full GlobalTrade.net article, please click here.