Canada-Morocco: Trade Shifts to Green in 2026
Trade Dynamics Between Canada and Morocco Shift Significantly in 2026
Trade exchanges between Canada and Morocco have experienced a notable shift in dynamics over the first eight months of 2026. According to official data released on Tuesday, October 6, by Statistics Canada, Canadian merchandise exports to Morocco reached CAD 1.001 billion, equivalent to approximately MAD 7.04 billion, reflecting a remarkable increase of 69% year-on-year.
Conversely, Canadian imports from Morocco declined by 9.5%, totaling CAD 722.4 million, or about MAD 5.08 billion. This change has drastically altered the bilateral trade balance, transforming a Canadian deficit of CAD 206 million during January-August 2025 into a surplus of CAD 279 million, roughly MAD 1.96 billion, for the same period in 2026.
A Surplus of Nearly 2 Billion Dirhams
In the first eight months of 2025, Canadian exports to Morocco stood at approximately CAD 592.3 million, while imports of Moroccan products totaled CAD 798.2 million. Over the course of a single year, the improvement in Canada’s trade balance has amounted to roughly CAD 485 million, or about MAD 3.41 billion.
The cumulative value of goods exchanged between the two countries also saw growth, reaching CAD 1.723 billion, approximately MAD 12.11 billion, from January to August 2026, up from nearly CAD 1.391 billion (or MAD 9.78 billion) one year prior. The bilateral trade is thus exhibiting a growth rate of close to 24%, primarily driven by the increase in Canadian sales to Morocco.
A Spectacular Surge in August Exports
The momentum particularly intensified in August. Canadian exports to Morocco soared to CAD 121.5 million, compared to only CAD 12.6 million in August 2025. This monthly figure was nearly ten times higher than a year earlier.
Simultaneously, Canadian imports of Moroccan goods stood at CAD 50.7 million, around MAD 356.3 million. Consequently, for the month of August alone, bilateral trade generated a surplus of CAD 70.8 million in favor of Canada, equivalent to nearly MAD 497.6 million.
Agriculture at the Core of Canadian Sales
The composition of exchanges in August highlights distinct trade profiles between the two nations. Agricultural products accounted for 71.6% of Canadian exports to Morocco, with an estimated value of CAD 87 million, approximately MAD 611.4 million.
This strong concentration on agricultural products explains a significant portion of the growth in Canadian exports during the month. The agricultural sector emerges as one of the main drivers of increased sales from Canada to the Moroccan market.
Manufactured Goods Dominate Moroccan Imports
In contrast, the Moroccan goods imported by Canada exhibit a different structure. Nearly 95.5% of the CAD 50.7 million worth of products imported in August were derived from manufacturing activities.
This category represented approximately CAD 48.4 million, or nearly MAD 340.2 million. The exchanges thus reveal a strong sectoral specialization between the two trade flows, with a predominance of agricultural products in Canadian exports and manufactured goods in Moroccan imports from Canada.
A Trade Balance Turnaround in Just One Year
From January to August, Canada’s position shifted primarily due to two simultaneous movements. Its exports to Morocco increased by approximately CAD 409 million, roughly MAD 2.87 billion, compared to the same eight months in 2025.
At the same time, Canadian imports of Moroccan products declined by around CAD 76 million, equivalent to about MAD 534.1 million. The combination of these two developments has more than offset the deficit recorded a year earlier, resulting in a CAD 279 million surplus for Canada.
Substantial Growth in Bilateral Exchanges
Despite the decline in Moroccan imports to Canada, trade between the two countries continues to grow throughout the first eight months of 2026. The nearly 24% rise in the cumulative trade volume is primarily linked to the acceleration of Canadian exports.
August’s data further illustrates this change in configuration. More than seven dollars out of ten in Canadian goods exported to Morocco were agricultural, whereas over nine dollars out of ten of the Moroccan products imported by Canada belonged to the manufacturing sector.
The trends observed in 2026 therefore represent a significant rebalancing of trade in goods between the two partners, with a distinctly favorable commercial advantage to Canada during the first eight months of the year.
