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.
Also, what are the top five goods and services produced 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%)
Correspondingly, what is the economy like in Morocco? Morocco has capitalized on its proximity to Europe and relatively low labor costs to work towards building a diverse, open, market-oriented economy. Key sectors of the economy include agriculture, tourism, aerospace, automotive, phosphates, textiles, apparel, and subcomponents.
Furthermore, what are the major industries in Morocco? The main sectors are textiles, leather goods, food processing, oil refining and electronic assembly. However, new sectors have been booming: chemistry, automotive parts, computers, electronics and aerospace industry.
Quick Answer, what is Morocco‘s agriculture? Morocco – Agriculture About 43% of arable land is devoted to cereals, 7% to plantation crops (olives, almonds, citrus, grapes, dates), 3% to pulses, 2% to forage, 2% to vegetables, 2% to industrial crops (sugar beets, sugar cane, cotton) and oilseeds, and 42% was fallow.
What products does Morocco export?
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.
What resources are in Morocco?
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.
What is Morocco known for?
- The Sahara Desert. When most people choose to travel to Morocco, it’s to see the famed Sahara Desert.
- Hassan II Mosque.
- Mint Tea and Pastries.
- Majorelle Garden.
- The Architecture.
- Todgha Gorge.
- Tagine.
What agricultural products does Morocco import?
The country is recognised in the WTO as a net food-importer – it imports substantial quantities of staples, particularly wheat, oils, sugar and milk. The European Union (EU) continues to be Morocco’s main trading partner.
What are the economic issues in Morocco?
Despite Morocco’s economic progress, the country suffers from high unemployment, poverty, and illiteracy, particularly in rural areas. Key economic challenges for Morocco include reforming the education system and the judiciary.
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).
What is the most common job in Morocco?
Key Economic Sectors Key sectors of the economy include agriculture, tourism, textiles, phosphate rock mining and processing, food canning, construction, energy, and subcomponents. The economy remains dependent on the state of the agricultural sector, in which 39.1% of the people working in Morocco are employed.
What is the most important industry in Morocco?
In a nutshell the main industries in Morocco are phosphate rock mining and processing, food processing, leather goods, textiles, selling of arts and crafts, construction, and tourism. Morocco’s main trading partners are France and Spain.
Is Morocco a free market economy?
Morocco is primarily a free-market country with some state control. The government has significantly reduced its role in the economy since the 1990s, removing trade barriers and selling several state-owned enterprises.
What type of government is Morocco?
Morocco is a constitutional monarchy with a parliamentary national legislative system under which ultimate authority rests with King Mohammed VI, who presides over the Council of Ministers. The king shares executive authority with Head of Government (prime minister) Saadeddine El Othmani.