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.
Correspondingly, what are the main exports of 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%)
As many you asked, what are Morocco’s main imports? Imports The top imports of Morocco are Refined Petroleum ($4.56B), Cars ($2.05B), Vehicle Parts ($1.31B), Petroleum Gas ($1.28B), and Coal Briquettes ($1.1B), importing mostly from Spain ($9.28B), France ($5.42B), China ($4.47B), United States ($3.47B), and Germany ($2.57B).
Quick Answer, what is Morocco’s main source of income? The major resources of the Moroccan economy are agriculture, phosphate minerals, and tourism. Sales of fish and seafood are important as well. Industry and mining contribute about one-third of the annual GDP.
Moreover, what countries do Morocco export to? In 2019, Morocco major trading partner countries for exports were Spain, France, Italy, United States and Germany and for imports they were Spain, France, China, United States and Italy.The three leading exports are agricultural produce (citrus fruits and market vegetables), semiprocessed goods and consumer goods (including textiles), and phosphates and phosphate products.
What is the main industry in Morocco?
Morocco has a relatively small amount of mineral resources, phosphates being its main source of wealth. Industry contributes 25.3% of the GDP and employs 22% of the workforce. The main sectors are textiles, leather goods, food processing, oil refining and electronic assembly.
What products is Morocco known for?
- Leather goods. If you visit the medieval city of Fez, the Imperial city between Morocco cities, you may have the chance to see the tanneries and extensive leather-dyeing pits.
- Argan oil products.
- Soap.
- Spices.
- Tea sets.
- Berber baskets.
- Carpets and rugs.
- Pottery and ceramics.
What crops grow in Morocco?
Major crops are: Potatos, tomatos, onions, melons, watermelons, carots and turnips. Peppers, mint, zucchni and peas are also important crops. Inter-annual variations of these 12 crops’ acreage exist, but these 12 represent 85 to 90% of all Moroccan market products.
What cars are made in Morocco?
Morocco has two major “traditional” car manufacturers: Renault and PSA.
Is Morocco richer than Algeria?
Algeria vs Morocco: Economic Indicators Comparison Algeria with a GDP of $173.8B ranked the 56th largest economy in the world, while Morocco ranked 60th with $117.9B. By GDP 5-years average growth and GDP per capita, Algeria and Morocco ranked 100th vs 87th and 119th vs 130th, respectively.
What has Morocco contributed to the world?
Throughout the many years, many Moroccans have contributed to world history—from physicians and travel writers to engineers and even music producers.
What are Morocco natural resources?
In addition to phosphates, Morocco has sizeable reserves of iron, zinc, lead, copper, fluorine, silver, manganese, salt, cobalt and gold. Excluding valorisation, Morocco produced 126,000 tonnes of copper, 102,000 tonnes of zinc, 100,000 tonnes of iron and 99,000 tonnes of manganese in 2017, according to ONHYM.
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. By GDP 5-years average growth and GDP per capita, India and Morocco ranked 6th vs 87th and 150th vs 130th, respectively.
Is Morocco richer than Nigeria?
Nigeria has a GDP per capita of $5,900 as of 2017, while in Morocco, the GDP per capita is $8,600 as of 2017.
Who is Morocco’s biggest trading partner?
France is Morocco’s largest trading partner, followed by Spain.