What is Morocco’s largest export product?

Morocco’s biggest export is fertilizer mixes just ahead of insulated wire or cable in second place then cars. Based on the average exchange rate for 2020, the Moroccan dirham appreciated by 3.2% against the US dollar since 2016 and grew by 1.3% from 2019 to 2020.

What does Morocco export the most?

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 Moroccan exports?

Economy of Morocco

Statistics
Exports $44 billion (2020)
Export goods clothing and textiles, automobiles, aircraft parts, electric components, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, citrus fruits, vegetables, fish

What is Morocco’s biggest import?

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 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.

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What are Morocco’s main 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 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 products is Morocco known for?

Souvenirs You Must Buy in Morocco

  • Ceramics. Blue and white – what a sight! Morocco is famous for its distinct pottery and ceramics. …
  • Spices. Ras El Hanout. What’s Ras el hanout? …
  • Lanterns. Let there be light! …
  • Tea Sets. Pinkies up! …
  • Argan Oil. The ultimate beauty product. …
  • Babouches. Shoe and tell.

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 26.1% of the GDP and employs 23% of the workforce. The main sectors are textiles, leather goods, food processing, oil refining, and electronic assembly.

What does US export to 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 cars are made in Morocco?

Morocco has two major “traditional” car manufacturers: Renault and PSA.

What 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.

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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.

How much is Morocco’s debt?

In the long-term, the Morocco Government Debt to GDP is projected to trend around 77.00 percent of GDP in 2022 and 75.00 percent of GDP in 2023, according to our econometric models.

Why is Morocco so 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.