What does Morocco import and export?

The three leading exports are agricultural produce (citrus fruits and market vegetables), semiprocessed goods and consumer goods (including textiles), and phosphates and phosphate products. Major imports are semimanufactures and industrial equipment, crude oil, and food commodities.

What are Morocco’s main imports?

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.

What do we import from Morocco?

At the more detailed four-digit Harmonized Tariff System (HTS) code level, in 2020 Morocco’s most valuable exported products were fertilizer mixes (11.2% of the global total) ; insulated wire or cable (11%); cars (10.8%); phosphoric and polyphosphoric acids (4.3%); unknitted and non-crocheted women’s clothing (3.1%); …

What is Morocco’s largest export product?

Phosphates and textiles are central to Morocco’s export industry. Other exports items include electric components, inorganic chemicals, transistors, citrus fruits, vegetables, fish. Morocco main exports partners are European Union countries with Spain, France and Italy being the most important.

Does Morocco import or export more?

Morocco is currently our 63rd largest goods trading partner with $5.1 billion in total (two way) goods trade during 2019. Goods exports totaled $3.5 billion; goods imports totaled $1.6 billion.

IMPORTANT:  What are the types of minerals found in Nigeria?

Why is Morocco so 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.

Stat India Morocco
GDP $2.7T $117.9B
GDP growth, 1 year 7.1% 3.1%
GDP growth, 5-years average 7.6% 3.1%
Population 1.3B 36M

What are 5 interesting facts about Morocco?

25 Interesting Facts about Morocco

  • Morocco has a wide range of landscapes. …
  • There are more active cell phones than people. …
  • Citrus fruits are some of the country’s major exports. …
  • Muslims make up 99% of the population. …
  • More than 112,000 tonnes of dates are exported annually. …
  • There is a city painted in blue color all over.

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 can I export to Morocco?

Top UK exports to Morocco include:

  • mineral fuels, mineral oils and products of their distillation.
  • vehicles (other than railway)
  • iron and steel.
  • nuclear reactors, boilers, machinery and mechanical appliances.
  • electrical machinery and equipment.
  • aircraft and spacecraft.
  • man-made staple fibres.
  • knitted or crocheted fabrics.

Why Morocco is so poor?

Poverty in the country is associated with three factors. They are illiteracy, financial inequality, and economic volatility. All these elements contributed to the slow economic development of Morocco. It leaves almost nine million of its population on the poverty line.

IMPORTANT:  What lies between Morocco and Spain?

What does Morocco export to USA?

The major U.S. imports from Morocco include salt, sulfur, electrical equipment, fertilizers, woven apparel and agricultural products such as olive oil and processed fruits and vegetables.

What are the major industries in Morocco?

The main industries in Morocco are phosphate rock mining and processing, food processing, leather goods, textiles, selling of arts and crafts, construction and tourism.

African stories