What Are The Major Natural Resources Of Morocco? Morocco's economy continues to operate below potential, with the rainfed agricultural sector contributing to volatility and a timid recovery of the other sectors. Morocco - United States Department of State ISLAMABAD: Pakistan's exports to Morocco registered an increase of 81 percent in July/October 2016 period as compared to the corresponding period of the last year, a report issued by the State Bank. Imports and Exports for Italy: Useful Trading Guide ... Its overall score is unchanged, with a decline in trade freedom offset by improvements in monetary . In 2019, around 3.6 billion U.S. dollars of textile and clothing exports from Morocco were registered. Morocco - Agricultural Sector | SelectUSA.govMorocco: crafts industry exports by product 2021 | Statista In 2020, U.S. exports of retail-related products to Morocco totaled $111 million. In addition to key U.S. export sectors gaining immediate duty-free access to the Moroccan market, the Agreement includes commitments by Morocco for increased regulatory transparency and the protection of intellectual property rights. UK exports of goods to Morocco £573 million in 2014. The main national testing organization is the Laboratory for Public Tests and Studies (Laboratoire Public d'Essais et d'Etudes, LPEE). LPEE currently has laboratories in all of Morocco's major cities. In 2020, exports totaled $12.4 million, compared with $3.9 million in 2019. In 2020, Morocco exported most of its goods to Cote d'Ivoire and Djibouti, compared to other countries in the Africa region. Get in touch with us now. Although most of its work is dedicated to building and construction testing, it also deals with electrical and calibration testing. Main This was a decrease from approximately 3.4 billion . The EU imported the citrus fruit from Morocco at a volume of approximately 75.34 thousand metric tons, while Russia imported roughly 9.9 thousand metric tons. Another chronic problem is unreliable rainfall, which produces droughtor sudden floods; in 1995, the country's worst drought in 30 years forced Morocco to import grain and adversely affected the economy. We offer trade promotion assistance to U.S. companies through a range of services and programs. As of 2020, Spain was the leading destination of exports from Morocco, as it imported merchandise of nearly 6.7 billion U.S. dollars from the North . In recent years, Morocco has reduced its dependence on phosphate exports, emerging as an exporter of manufactured and . Additional Resources and Regulations: U.S.-Morocco Free Trade Agreement Frequently Asked Questions (FAQ's) Morocco FTA Text. 70 Morocco's exports to China are mainly low value-added products, such as ores, slag and ash, but they do include some high value-added items such as aircraft and spacecraft. Morocco main exports partners are European Union countries with Spain, France and Italy being the most important. Morocco experienced a severe drought in 1995 that adversely affected the country's agriculture industry, and the state was subsequently forced to import cereals to feed the citizens. Israeli exports to Morocco leaped by 192% in 2021, an apparent outcome of the signing of the Abraham Accords a year ago. In 2020, Morocco exported most of its goods to Cote d'Ivoire and Djibouti, compared to other countries in the Africa region. In general, Israeli exports increased to about $140 billion in 2021 and hit . The People of Morocco Type of Government: constitutional monarchy Languages Spoken: Arabic (official), Berber dialects, French often the language of business, government, and diplomacy Independence: 2 March 1956 (from France) National Holiday: Throne Day (accession of King MOHAMED VI to the throne), 30 July (1999) Nationality: Moroccan(s) Religions: Muslim 98.7%, Christian 1.1%, Jewish 0.2% Get in touch with us now. In late 2014, Morocco eliminated subsidies for gasoline, diesel, and fuel oil, dramatically reducing outlays that weighed on the country's budget and current account. Compare Imports by Country United Nations Comtrade Database Morocco may return to its pre-pandemic level of GDP in 2022, followed by a gradual acceleration of growth, contingent on the successful implementation of both ongoing and planned reforms. Get in touch with us now. , Oct 28, 2021. This statistic shows the main export partner countries for Morocco in 2019. Morocco's economic freedom score is 63.3, making its economy the 81st freest in the 2021 Index. Research expert covering historical data. Morocco FTA Regulations. What are the major exports of morocco ? The UK is among the top 6 foreign investors in Morocco. Phosphates and textiles are central to Morocco's export industry. Morocco is very open to foreign trade, which represents 87% of its GDP (World Bank, 2019). Welcome to the U.S. Commercial Service Morocco. Major Exports: Phosphates, Fish, Textiles, Cement, Soap, Tobacco, Chemicals, Paper, Timber Products: Pre-Colonial History: Arab forces began occupying Morocco in the 7th century A.D. bringing with them Arab civilization and Islam. The high cost of imports, especially of petroleum imports, is a major problem. GDP of Morocco is 119,700,325,461.94 in current US$. Sustained mainly by the recovery of indirect taxes, the budget deficit is expected to start falling in 2021 (to 6.7% of GDP), stabilizing debt below 79% of GDP. , Sep 6, 2021. Its trade growth is 1.76% which is around half compared to its world growth of 3.50%. The European Union is Morocco's primary trading partner, accounting for about 60 percent of Morocco's agricultural exports. Italy had a total export of €454.7 billion (roughly 549,906,996 in thousands USD given the exchange rates) and a total import of (about 503,581,134 in thousands USD) which lead to a positive trade balance of €46.4 billion. By the 1990s Morocco had also significantly lowered its foreign debt. Overall, Morocco's macroeconomic balances were negatively impacted by the pandemic, a harsh drought, and a decline in phosphate exports. The World Economic Forum considered Morocco to be North Africa's most competitive economy from 2014 to 2015. This was a noticeable drop from the previous year, when the sector exported over 80 billion MAD (8.9 billion U.S. dollars) in manufacturing, wiring, and vehicle interior including seats. Export API Embed Morocco Imports Morocco imports crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics. The economy of Morocco is considered a relatively liberal economy, governed by the law of supply and demand.Since 1993, Morocco has followed a policy of privatization of certain economic sectors which used to be in the hands of the government. The main export products between the Kingdom of Morocco and the Republic of Turkey are metals, textiles, and chemicals exports; Morocco has an MFN clause (most-favoured-nation) with an average tariff of 23% (43% for the agricultural products exports) The Turkey-Morocco Free Trade Agreement does not include any provision for the ban removal on . Moroccan trade is still dominated by its main import and export partner France, although France's share in Moroccan trade is declining, in favour of the US, the Persian Gulf region and China. Value 2012. •Oriented towards exports to Europe •29% share in Morocco exports •Now looking at African market •60% local parts. This sector may see up . Machinery and transport equipment, textiles and chemicals are the major imports, while phosphate, clothing, and machinery and transport equipment are the main exports. Fruits vegetables, woven apparel, electrical machinery, prepared fish, and olive oil are also important export products for Morocco as well as sulfur, salt and stones Machinery and transport equipment, textiles and chemicals are the major imports, while phosphate, clothing, and machinery and transport equipment are the main exports. Morocco's imports of goods, like its exports, mainly consist of manufactured goods (around 63.7 per cent of imports and 65.3 per cent of exports of goods in value terms). The Alaouite dynasty, which has ruled Morocco since 1649, claims descent from the Prophet Muhammad. The top exports of Morocco are Cars ($4.92B), Insulated Wire ($3.53B), Mixed Mineral or Chemical Fertilizers ($2.86B), Phosphoric Acid ($1.48B), and Non-Knit Women's Suits ($1.38B). Another drought occurred in 1997, and one in 1999-2000. The European Union is Morocco's primary trading partner, accounting for about 60% of Morocco's agricultural exports. That dollar amount reflects a 21.7% increase since 2016 but a -6% drop from 2019 to 2020. The attaché forecast 2021-22 imports at 60,000 tonnes "if the COVID-19 pandemic is managed and the tourism sector resumes." Morocco's trade balances, including fresh fruits and vegetables, were negatively impacted by the containment measures and reduced global demand resulting from the pandemic, as well as by a harsh drought and a drop in major exports. Imports of goods from Morocco amounted to $6 million in the first half of 2021, similar to $5.9 million in the first half of 2020. e-CFR website including: Import Requirements, Filing a Claim, Regional Value Content (RVC) Certification, Post-Importation Refunds, Rules of Origin, Origin Verifications, Transshipment, and Penalties. We will be your most reliable partner throughout the entire period of cooperation. Value 2013. Significantly, one of the worst-hit sectors, tourism, is also one of the sectors Morocco's economy depends on the most, and is projected to account for 6.4 percent of GDP. From 2005 to 2019, the total value of Moroccan goods exported to the United States increased from $446 million to $1.582 billion, and U.S. exports to Morocco have increased from $481 million to $3.496 billion. Morocco trade balance, exports and imports by country 2019 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 . Imports growing •Market for casting & forging components •Some Indian components forms have opened plants HSC-8708 Auto parts imports 2014-$0.44bn. UK exports of goods to Morocco £573 million in 2014. Bilateral trade in goods and services is worth around £1.8 billion. Get in touch with us now. However, they suffered last year from deteriorated Eurozone demand. Enamelled or anodised wire, cars, and fertilizers were the main exports in 2019; whereas oil products accounted for the largest share of imports, followed by automobile, gas, cable and wires, parts of tractors, transportation and travel. 100% growth in four years (In thousands of dollars) Additional information. If seen as a single entity, the EU is by far Morocco's largest trading partner. Bilateral trade in goods and services is worth around £1.8 billion. Its main imports partners are: France, Spain, China, Italy, Germany, United States and Saudi Arabia. In 2020, slightly over two million metric tons of phosphate were exported from Morocco to India, one of the leading destinations of phosphate exports from . In 2021, the United States and Morocco completed a health certificate for U.S. live aquaculture product exports to Morocco. States and exports high-value, consumer-oriented products to the United States. Introduction about Import and Export. If seen as a single entity, the EU is by far Morocco's largest trading partner. Morocco exports 3.7mln tons of cargo via Turkish ports in 2021 Over 6.6 million tons of goods were transited through Turkish ports, the ministry said News Service 13:22 December 07, 2021 Trend Morocco - Welcome Page. On October 12, 2021, the United States and Morocco completed a sanitary certificate for exports of U.S. live aquatic animals to Morocco. The trade deficit has also widened by 23.8 percent in the . Morocco is a net importer of agricultural and related products, which generally consist of imports of bulk commodities and exports of high-value, consumer-oriented products. They also export quality hand-woven items such as carpets. In 2017, Morocco's gross domestic product was the seventh highest in Africa. The second lists top trade partners of Morocco regarding import total (buying). We can send Pallets, Container, UPS or USPS. The U.S.-Morocco Free Trade Agreement (FTA) is the only U.S. FTA on the African continent and offers advantages to exporters seeking to do business in Africa. The main specialization of our company is the processing and delivery of a rich variety of canned fish from Morocco, Senegal and Mauritania. Top UK exports to . Morocco's agriculture is divided into three major sectors: Modern, private, irrigated, highly capitalized, and export-oriented farms producing mostly fruit and vegetables. That is, most products are imported from these countries to Morocco. End-Use Code. It is well connected by road via the Marrakesh-Agadir motorway and the N1 and N40 national roads. The United States-Morocco Free Trade Agreement entered into force on January 1, 2006, eliminating duties on more than 95 percent of all goods and services. In 2019, the most important export partner of Morocco was Spain, with a share of 23 percent of all exports. Morocco has 75 percent of the world's phosphate reserves and is the top world exporter and third-largest producer. A major activity of the port is agricultural exports which are sourced from the port hinterlands. In operation since the early 17th century, the port's initial shipments mainly included trade in sugar, weapons, and textiles with Europe. Compare Exports by Country With its significant phosphate resources, Morocco's chief exports to the U.S. are phosphates and fertilizers. During this time period, goods with a value of around 25.33 billion U.S. dollars were exported worldwide from Morocco. Post has identified limited volumes of U.S. seafood, chocolates, sauces, and spirits available on select . The company «Univela Morocco» offers export canned fish. Top UK exports to . Exports to the countries amounted to more than 2.3 billion Moroccan . In the marketing year 2019/2020, the European Union (EU) and Russia were the main orange export-trade partners of Morocco. The three leading exports are agricultural produce (citrus fruits and market vegetables), semiprocessed goods and consumer goods (including textiles), and phosphates and phosphate products. Morocco Is a major exporter and producer of Oranges, Argan Oil, Silver, Geodes, and other foods. The first table below shows top trading partners of Morocco in terms of export sales (selling), including France, Spain, and India. Top 10 Moroccan Imports from Spain Spain's exports to Morocco amounted to In 2017, Morocco bought US$45.1 billion worth of imported products down by -0.2% since 2013 but up by 8.1% from 2016 to 2017. Complete text of the agreement. This translated into a trade surplus with Morocco of $1.26 billion in 2010, a 3,505% increase over the $35 million trade surplus of 2005. Country Morocco Year/Range 2019 Trade Flow Exports & Imports It is a joint-use public and military Airport, also hosting the first Airbase of the Royal Morocco Air force. From a continental perspective, 70.3% of Morocco's exports by value were delivered to European countries while 12.2% were sold to importers in Asia We are a Family Business, located in NJ and Morocco. Ministère marocain du Tourisme, du Transport Aérien et de l'Artisanat et de l'Économie Sociale, Value of craft industry exports in Morocco from January to November 2021, by product group (in . Real GDP is expected to slow further to 2.7% in 2019, due to a decline in agricultural output (minus 2.1%). 2010 - 2019. Morocco's agrarian sector faces several significant challenges with droughts being the major one. The completion of this certificate offers new opportunities for U.S. exporters of live aquatic animals intended for farming. Morocco continues to have a trade imbalance with China as it has done with most of its traditional partners for the last two decades. In 2011, phosphate production grew by 5.3 percent, but the world price of phosphates was increasing, so the value of phosphate exports increased by 39 percent and of phosphate-derived products by 29 percent. In 2020, the automotive sector in Morocco made exports reaching an approximate value of 72.1 billion Moroccan dirhams (MAD), roughly 8.1 billion U.S. dollars. Morocco has become a major player in African economic affairs, and is the 5th largest African economy by GDP (PPP). The country added 2.4 million mobile subscribers on net in 2019, and year-on-year growth rate in Morocco's mobile internet connections accelerated to 11.2 percent from 2.2 percent in 2018. Agriculture within reorganized large scale dam-irrigated perimeters producing mostly dairy, sugar crops, seeds, fruits and vegetables primarily for the local market. Other exports items include electric components, inorganic chemicals, transistors, citrus fruits, vegetables, fish. 71 Meanwhile, Morocco imports are . We have booths at all the major gem and mineral shows in the USA as well as Europe. Morocco's imports of goods, like its exports, mainly consist of manufactured goods (around 63.7 per cent of imports and 65.3 per cent of exports of goods in value terms). Aeronautic and automotive goods accounted for 40% of exports in 2019 and remain potential key growth drivers. Morocco: Early production is the key to competitive berry exports Using the mild Moroccan climate to capitalise on prices early in the season is vital for the country's growth, according to a . 2018-$1.15bn. Moroccan trade is still dominated by its main import and export partner France, although France's share in Moroccan trade is declining, in favour of the US, the Persian Gulf region and China. The value of exports of commodity group 85 "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles" from Morocco totalled $ 4.67 billion in 2020.Sales of commodity group 85 from Morocco decreased by 11.8% in value terms compared to 2019. exports of commodity group 85 . Main export trade partners of Morocco 2020. Value 2011. In the short term, since the main trading partner of Morocco for fruits and vegetables, the European Union, is . As of 2016, about 62 percent of Morocco's total exports went to the European Union. Major imports are semimanufactures and industrial equipment, crude oil, and food commodities. Rabat-Salée Airport is one of the 7 major Airport in Morocco, located in the city of Salé. Value 2010. Morocco also experienced significant droughts in 1997 and 1999. A major factor determining the pace of the rebound will be the scope of recovery in Europe, Morocco's main export market. We import Moroccan Minerals, Fossils, Selenite, Geodes, Meteorites and Home Décor. By Sector Rabat-sale Airport has 5 Airlines to 9 destinations, public transport, and other . U.S. Exports to Morocco by 5-digit End-Use Code. Since its entry into force, Moroccan exports to the U.S. have more than doubled, and U.S. exports to Morocco have more than quadrupled. Morocco's biggest export is fertilizer mixes just ahead of insulated wire or cable in second place then cars. Is there farming in Morocco? At about 8 kilometers from Rabat, the capital of Morocco. Exports to the countries amounted to more than 2.3 billion Moroccan . The UK is among the top 6 foreign investors in Morocco. The U.S. Commercial Service at the U.S. Consulate Morocco is part of a global network of trade specialists dedicated to supporting U.S. commercial interests around the world. Total imports of good from Morocco in 2020 was $10.2 million, up from $9.8 million in 2019. Welcome. The European Union is Morocco's primary trading partner, accounting for about 60% of Morocco's agricultural exports. Morocco Major Exports Telecommunications market: Three operators share the 2G-4G telecoms market: Maroc Telecom (42.9 percent), Orange Maroc (33.2 percent), and Inwi (23.9 percent). , Feb 19, 2021. Morocco services export is 19,353,280,375.71 in BoP, current US$ and services import is 9,631,489,438.61 in Bop, current US$.Morocco exports of goods and services as percentage of GDP is 39.11% and imports of goods and services as percentage of GDP is 48.03%. Morocco typically imports bulk commodities and raw materials from the United States and exports high-value, consumer-oriented products to the United States. Exports The top exports of Morocco are Cars ($3.91B), Insulated Wire ($3.75B), Mixed Mineral or Chemical Fertilizers ($2.71B), Phosphoric Acid ($1.48B), and Non-Knit Women's Suits ($1.39B), exporting mostly to Spain ($7.43B), France ($6.39B), Italy ($1.42B), United States ($1.38B), and Germany ($1.2B). The report quotes Thailand's exports of rice to Morocco at 31,562 tonnes in 2019-20, making it the major supplier with 44% of the total. During the 1960's the government of Morocco introduced plans to stimulate economic growth by modernizing the agricultural sector. The three leading exports are agricultural produce (citrus fruits and market vegetables), semiprocessed goods and consumer goods (including textiles), and phosphates and phosphate products. To boost exports, Morocco entered into a bilateral Free Trade Agreement with the US in 2006 and an Advanced Status agreement with the EU in 2008. , Sep 15, 2021. 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