- 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%)
Frequent question, who does Morocco trade with the most? 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.
Beside above, what is the main source of income in Morocco? 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.
Similarly, how much money does Morocco make from exports? 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.
In this regard, 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.
What are Spain’s exports?
- Refined petroleum – $13.3 billion.
- Pig meat – $4.05 billion.
- Pure olive oil – $3.68 billion.
- Citrus – $3.67 billion.
- Copper ore – $2.23 billion.
What are Morocco Major 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 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.
Who does Morocco trade with?
Morocco trade balance, exports and imports by country 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.
What do we trade with Morocco?
U.S. exports to Morocco are up 627% from 2005 (pre-FTA). The top export categories (2-digit HS) in 2019 were: mineral fuels ($1.2 billion), aircraft ($1.1 billion), food waste, animal feed ($181 million), machinery ($167 million), and organic chemicals ($152 million).
What is the unemployment rate in Morocco?
Morocco’s unemployment rate fell by 0.9 percent year-on-year to 11.8 percent in the third quarter of 2021, the official High Commission for Planning revealed on Wednesday. The unemployment rate stood at 16 percent in urban areas 5.2 percent in rural areas, the report added.
What is the average income in Morocco?
The average salary for jobs in Marrakech, Morocco is 106,917 د. م. (MAD) per year or an hourly rate of 51 د. م.
Is Morocco more developed than Egypt?
Egypt vs Morocco: Economic Indicators Comparison Egypt with a GDP of $250.9B ranked the 45th largest economy in the world, while Morocco ranked 60th with $117.9B. By GDP 5-years average growth and GDP per capita, Egypt and Morocco ranked 49th vs 87th and 139th vs 130th, respectively.
Is Morocco an emerging country?
A Bloomberg ranking of 75 emerging economies ranks Morocco in the global top-10.
What does Morocco export to other countries?
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.