Morocco imports 25% of its oil consumption (67,713 barrels per day in 2016).
Where does Morocco get its oil from?
Morocco produces small volumes of oil and natural gas from the Essaouira Basin and small amounts of natural gas from the Gharb Basin. Consequently, Morocco is the largest energy importer in northern Africa.
What are the main imports in Morocco?
Morocco imports crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics. Its main imports partners are: France, Spain, China, Italy, Germany, United States and Saudi Arabia.
Is Morocco an oil producing country?
Morocco produces marginal amounts of oil, natural gas, and refined petroleum products, and it is a net hydrocarbon importer. … Morocco is not a significant liquids producer, and total petroleum and other liquids production has never exceeded 5,000 barrels per day (b/d).
What products does Morocco import?
Major imports are semimanufactures and industrial equipment, crude oil, and food commodities. Morocco’s largest trading partner is the EU.
Does Morocco have any oil?
Oil Reserves in Morocco
Morocco holds 684,000 barrels of proven oil reserves as of 2016, ranking 97th in the world and accounting for about 0.000% of the world’s total oil reserves of 1,650,585,140,000 barrels.
Does Morocco have coal?
Morocco holds 15 million tons (MMst) of proven coal reserves as of 2016, ranking 69th in the world and accounting for about 0% of the world’s total coal reserves of 1,139,471 million tons (MMst). Morocco has proven reserves equivalent to 2.2 times its annual consumption.
Is Morocco a poor country?
It is by international standards that Morocco is considered a poor country. Global Finance Magazine has ranked it as one of the poorest countries in the world. A considerable number of Moroccans are living below the poverty line.
What Morocco is famous for?
10 Things Morocco is Famous For
- The Atlas Mountains. …
- The Moroccan Desert & Sahara. …
- Moroccan Wild Beaches & Azure Coasts. …
- Moroccan Ski Resorts. …
- Morocco Monuments, Architecture & History. …
- Moroccan Food. …
- Morocco Unique Culture. …
- Morocco Cats.
Why is Morocco rich?
Industry and mining contribute about one-third of the annual GDP. Morocco is the world’s third-largest producer of phosphates (after the United States and China), and the price fluctuations of phosphates on the international market greatly influence Morocco’s economy.
Is Morocco richer than India?
India with a GDP of $2.7T ranked the 7th largest economy in the world, while Morocco ranked 60th with $117.9B.
Gross Domestic Product & Income.
|GDP growth, 1 year||7.1%||3.1%|
|GDP growth, 5-years average||7.6%||3.1%|
What is the main religion in Morocco?
Executive Summary. According to the Moroccan constitution, Islam is the religion of the state, and the state guarantees freedom of thought, expression, and assembly.
What products are in high demand in Morocco?
- Electrical machinery, equipment: US$4.7 billion (16.9% of total exports)
- Vehicles: $3.6 billion (13.1%)
- Fertilizers: $3.4 billion (12.2%)
- Clothing, accessories (not knit or crochet): $1.9 billion (6.9%)
- Fruits, nuts: $1.5 billion (5.4%)
- Vegetables: $1.32 billion (4.7%)
- Fish: $1.26 billion (4.5%)