The total value of exports (FOB) is US$ 29,328 million. The total value of imports (CIF) is US$ 51,075 million. At the HS6 digit level, 3,133 products are exported to 182 countries and 4,221 products are imported from 186 countries.
Amazingly, 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.
Also, what does Morocco export and import? 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.
Quick Answer, does Morocco import or export more? U.S.-Morocco Trade Facts Exports were $4.3 billion; imports were $2.3 billion. The U.S. goods and services trade surplus with Morocco was $1.9 billion in 2019.
Beside above, what does Morocco import the most? 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).Trade with France France is Morocco’s largest trading partner for both imports and exports, controlling more than 60% of foreign direct investment in Morocco.
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.
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.
Is Nigeria richer than Morocco?
Richest African Countries by GDP Nigeria – $514.05 billion. … South Africa – $329.53 billion. Algeria – $151.46 billion. Morocco – $124 billion.
Why is Morocco poor?
Nearly 19 percent of Morocco’s population lives on less than $4 a day. Three factors impede Morocco’s development: illiteracy, financial inequality and economic volatility. It is difficult for Moroccans to transition out of poverty with over a quarter of Morocco’s adult population being illiterate.
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.
What are 5 interesting facts about Morocco?
- There is also a Red City in Morocco.
- 99% of Moroccans are Muslim.
- Mint tea is the national drink of Morocco.
- Snake charmers are a real thing in Morocco.
- Morocco borders both the Atlantic Ocean and Mediterranean Sea.
- Moroccan leather isn’t just a souvenir, it’s a attraction.
What does Morocco import from USA?
The US’s biggest exports to Morocco include petroleum, aerospace and automotive parts, and food products; and the US imports primarily fertilizer, electric machinery, and certain agricultural products from the country.
What are the top 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%)
What is considered rich in Morocco?
The report detailed wealth distribution in Morocco. Out of the 23.6 million adults in Morocco, 75.5% have a net worth of less than $10,000 (around MAD 90,000). Around 23.6% are worth between $10,000 and $100,000, and 1.3% have a net worth ranging between $100,000 and $1,000,000.
What does Canada import from Morocco?
Canadian merchandise imports from Morocco totalled $154.1 million in 2012. Top imports included edible fruit (primarily citrus fruit), mineral products (primarily fluorspar and calcium phosphate), woven apparel and fertilizers.