FAQ: What Is The Main Export/import Of Morocco?

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).

Who does Morocco trade with the most?

Morocco’s main trade partners are Spain (24.1%) and France (21.6%), followed by Italy (4.7%), the United States (4%), and Germany (3.2%).

What does Morocco import and export to Europe?

The EU’s imports from Morocco amounted to €15.2 billion, were led by electrical machinery and transport equipment (€6.1 billion, 40.8%), agri-food (€2.5 billion, 16.2%), and textiles and clothing (€2.3 billion, 15.1%). EU imports of services represented €6 billion and exports amounted to €4.7 billion.

What are their main imports and exports?

What are the U.S. Imports and Exports?

  • Machinery (including computers and hardware) – $213.1 billion.
  • Minerals, fuels, and oil – $189.9 billion.
  • Electrical machinery and equipment – $176.1 billion.
  • Aircraft and spacecraft – $139.1 billion.
  • Vehicles and automobiles – $130.6 billion.
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What is Morocco’s main source of income?

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.

Is Morocco a poor country?

The living standards in Morocco is rated as low. It is by international standards that Morocco is considered a poor country. Out of the 35.2 million population of the country in 2018, some of them are poor and at risk of poverty. It is ranked as the fourth most impoverished country in the Arab world in 2013.

What is Morocco biggest export?

Morocco’s Top 10 Exports

  • Electrical machinery, equipment: US$5.3 billion (18.1% of total exports)
  • Vehicles: $3.8 billion (13%)
  • Fertilizers: $2.9 billion (9.9%)
  • Clothing, accessories (not knit or crochet): $2.4 billion (8.3%)
  • Inorganic chemicals: $1.43 billion (4.9%)
  • Vegetables: $1.35 billion (4.6%)
  • Fruits, nuts: $1.3 billion (4.6%)

What foods 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.

Does Morocco import more than exports?

According to WTO data, in 2019, Morocco exported 29.1 billion USD worth of goods, recording an increase of 1.8%; whereas the valeu of its imports at USD 50.7 billion, 0.6% less than the previous year. Morocco is a net exporter of services, with USD 18.7 billion of exports against USD 9.2 billion of imports.

Is Morocco a rich country?

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.

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Does Morocco import oil?

Oil Imports Morocco imports 25% of its oil consumption (67,713 barrels per day in 2016).

Is Morocco under EU?

Morocco is a neighbouring and associated country of the European Union. The relations between the two are framed in the European Neighbourhood Policy (ENP) and the Union for the Mediterranean. The main legal ties between Morocco and the EU are set by the 2000 Association Agreement.

What is America’s number 1 export?

Searchable List of America’s Most Valuable Export Products

Rank US Export Product 2020 Value (US$)
1 Processed petroleum oils $60,709,450,000
2 Crude oil $50,285,962,000
3 Cars $45,642,596,000
4 Integrated circuits/microassemblies $44,212,664,000

Is it better for a country to export or import?

If you import more than you export, more money is leaving the country than is coming in through export sales. On the other hand, the more a country exports, the more domestic economic activity is occurring. More exports means more production, jobs and revenue.

What is Japan’s number one export?

Searchable List of Japan’s Most Valuable Export Products

Rank Japan’s Export Product Change
1 Cars -17.4%
2 Integrated circuits/microassemblies +4%
3 Automobile parts/accessories -17.2%
4 Machinery for making semi-conductors +4.3%

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