Quick Answer: What Does Morocco Export?

What is the top export in Morocco?

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). U.S. total exports of agricultural products to Morocco totaled $297 million in 2019.

What is Morocco known for economically?

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. Morocco suffers both from structural unemployment and a large external debt.

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).

What countries do Morocco export to?

In 2018, Morocco major trading partner countries for exports were Spain, France, United States, Italy and India and for imports they were Spain, France, China, United States and Italy.

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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 does Morocco export to USA?

The major U.S. imports from Morocco include salt, sulfur, electrical equipment, fertilizers, woven apparel and agricultural products such as olive oil and processed fruits and vegetables.

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.

What is the richest country in world?

Similarly, Luxembourg’s population is just under 633,000—but it’s the richest country in the world on a per capita basis.

Is Morocco more developed than India?

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Morocco ranked 60th with $117.9B. Gross Domestic Product & Income.

Stat India Morocco
GDP growth, 5-years average 7.6% 3.1%
Population 1.3B 36M
GDP per capita $2k $3.2k
GDP per capita growth 5.71% 1.65%

What Morocco is famous for?

7 Spectacular Things Morocco is 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.
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What is Morocco famous for producing?

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.

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%).

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.

Does Morocco have oil?

Oil Reserves in Morocco Morocco holds 684,000 barrels of proven oil reserves as of 2016, ranking 97th in the world and accounting for about 0.000% of the world’s total oil reserves of 1,650,585,140,000 barrels.

What did Morocco export in 2019?

At the more detailed four-digit Harmonized Tariff System (HTS) code level, in 2019 Morocco’s most valuable exported products were insulated wire or cable (12.1% of the global total); cars (11.7%); fertilizer mixes (8.7%); phosphoric and polyphosphoric acids (4.8%); unknitted and non-crocheted women’s clothing (4%);

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