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.
Likewise, 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: $1.26 billion (4.5%)
Also, what goods does Morocco import? Morocco imports crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics. Its main imports partners are: France, Spain, China, Italy, Germany, United States and Saudi Arabia.
Correspondingly, what agricultural resources does Morocco have? Moroccan agricultural production also consists of orange, tomatoes, potatoes, olives, and olive oil. High quality agricultural products are usually exported to Europe. Morocco produces enough food for domestic consumption except for grains, sugar, coffee and tea.
Subsequently, what is Morocco known for exporting? Phosphates and textiles are central to Morocco’s export industry. Other exports items include electric components, inorganic chemicals, transistors, citrus fruits, vegetables, fish. Morocco main exports partners are European Union countries with Spain, France and Italy being the most important.
Does Morocco import or export more?
Morocco Consumer goods exports are worth US$ 14,538 million, product share of 49.57%. Morocco Consumer goods imports are worth US$ 18,825 million, product share of 36.86%.
Is Morocco poor or rich?
Morocco has made remarkable progress reducing poverty over the last decade. Today, less than 9 percent of its population is considered poor, compared with 16.2 percent a decade ago—a notable achievement for a country of 32 mil- lion people that lacks significant natural resources.
Is Morocco good for farming?
The geographical diversity of Morocco results in varied agriculture, with crops ranging from cereals and vegetables to fruits and nuts. Citrus, almonds, argan and olives are major products in the country. Fish are also a significant industry, representing 55% of food exports.
What is Zambia’s main export?
Zambia’s main export, copper accounts for 70 percent of Africa’s production and 60 percent of country’s total exports. Other exports include: sugar, tobacco, gemstones, cotton and electricity. Zambia’s main export partner is Switzerland (45 percent of total exports).
What is Sudan’s biggest export?
Sudan’s most important export is gold (70 percent of total exports) followed by livestock (25 percent). Others include: oil, arabic gum and cotton. Main import partner is China (78 percent) followed by UAE, Japan, Saudi Arabia and Italy.
What is Algeria’s biggest export?
Exports The top exports of Algeria are Crude Petroleum ($13.9B), Petroleum Gas ($10.9B), Refined Petroleum ($6.28B), Nitrogenous Fertilizers ($748M), and Ammonia ($317M), exporting mostly to Italy ($4.4B), France ($4.25B), Spain ($3.96B), United States ($2.31B), and United Kingdom ($2.25B).
What resources does Morocco have?
In addition to phosphates, Morocco has sizeable reserves of iron, zinc, lead, copper, fluorine, silver, manganese, salt, cobalt and gold.
Is Morocco developed or developing?
One of the most developed countries in Africa, Morocco is a melting pot of indigenous Berber, African, Arab and European influences. Due to its strategic location and proximity to Europe, the kingdom has been able to accommodate its cultural diversity in a stable and politically inclusive system.
Who does Morocco trade with?
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.
How is agriculture in Morocco?
Agriculture contributes almost 15% to Morocco’s GDP, and combined with the fishing and forestry sectors employs about 45% of Morocco’s workforce. It has an outsized impact on the economy due to highly variable rain-irrigation-based grain production, its role as an employer, and its role as a major export industry.
What foods does Morocco export?
Morocco’s agricultural exports are primarily horticultural products, including fruit (particularly citrus fruit), fresh and canned vegetables (tomatoes, courgettes and beans) and cut flowers.
What is Morocco known 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.
Does Morocco have a good economy?
Morocco’s economic freedom score is 59.2, making its economy the 97th freest in the 2022 Index. Morocco is ranked 6th among 14 countries in the Middle East and North Africa region, and its overall score is above the regional average but below the world average.
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.
Is Morocco a net exporter or importer?
In 2019, Morocco exported a total of $32.9B, making it the number 62 exporter in the world. During the last five reported years the exports of Morocco have changed by $4.86B from $28.1B in 2014 to $32.9B in 2019.
What is the richest country in Africa?
- 1 | NIGERIA – THE RICHEST COUNTRY IN AFRICA (GDP: $480.48 Billion)
- 2 | SOUTH AFRICA (GDP: $415.32 Billion)
- 3 | EGYPT (GDP: $396.33 Billion)
- 4 | ALGERIA (GDP: $163.81 Billion)
- 5 | MOROCCO (GDP: $126,04 Billion)
- 6 | KENYA (GDP: $109,49 Billion)
Is Morocco the poorest country in the world?
Rabat – Morocco has been ranked among the world’s poorest countries in Global Finance Magazine’s index of the World’s Richest Countries. Based on data from the International Monetary Fund (IMF), Global Finance Magazine ranked Morocco 119th out of 174 in its list of the World’s Richest Countries.
What type of crops are grown 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.
Does Morocco produce rice?
In 2020, rice, paddy production for Morocco was 46,275 tonnes. Though Morocco rice, paddy production fluctuated substantially in recent years, it tended to increase through 1971 – 2020 period ending at 46,275 tonnes in 2020.
Is Morocco a market economy?
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.