Wikipedia

Trade in Morocco

Moroccan trade, as of 2022, is [1] dominated by its main import and export partner Spain. Folling Spain its other major trading partners in imports and exports are France, India and Italy . If seen as a single entity, the EU is by far Morocco's largest trading partner.

Treemap of product exports from Morocco in 2019.Cars (transportation) — 11.89% — US$ 3,914,639,118Insulated wire (machines) — 11.39% — US$ 3,752,544,534Mixed mineral or chemical fertilizers (chemical products) — 8.22% — US$ 2,706,329,531Phosphoric acid (chemical products) — 4.50% — US$ 1,482,250,021Non-knit women's suits (textiles) — 4.22% — US$ 1,390,826,391Calcium phosphates (mineral products) — 3.57% — US$ 1,174,763,071Tomatoes (vegetable products) — 2.51% — US$ 827,729,861Aircraft parts (transportation) — 2.28% — US$ 750,643,362Processed fish (foodstuffs) — 2.20% — US$ 723,630,464Other fruits (vegetable products) — 1.75% — US$ 575,083,109Processed crustaceans (foodstuffs) — 1.67% — US$ 551,346,874Citrus (vegetable products) — 1.62% — US$ 532,101,734Low-voltage protection equipment (machines) — 1.39% — US$ 458,418,973Non-knit men's suits (textiles) — 1.33% — US$ 438,241,799Non-knit women's shirts (textiles) — 1.32% — US$ 433,602,560Seats (miscellaneous) — 1.19% — US$ 391,999,774Semiconductor devices (machines) — 1.17% — US$ 385,385,027Phosphatic fertilizers (chemical products) — 1.15% — US$ 379,647,424Knit t-shirts (textiles) — 1.12% — US$ 370,504,562Integrated circuits (machines) — 1.04% — US$ 343,251,547Molluscs (animal products) — 0.96% — US$ 317,814,170Knit women's suits (textiles) — 0.93% — US$ 307,313,261Vehicle parts (transportation) — 0.92% — US$ 302,702,474Non-knit women's coats (textiles) — 0.91% — US$ 299,728,298Non-fillet frozen fish (animal products) — 0.84% — US$ 276,257,962Legumes (vegetable products) — 0.82% — US$ 271,688,044Delivery trucks (transportation) — 0.74% — US$ 243,929,642Non-knit active wear (textiles) — 0.74% — US$ 242,378,768Other vegetables (vegetable products) — 0.70% — US$ 230,221,083Leather footwear (footwear and headwear) — 0.57% — US$ 188,425,251Animal meal and pellets (foodstuffs) — 0.56% — US$ 185,706,660Raw sugar (foodstuffs) — 0.56% — US$ 183,159,726Electrical control boards (machines) — 0.52% — US$ 170,987,666Other processed vegetables (foodstuffs) — 0.52% — US$ 169,844,630Knit sweaters (textiles) — 0.51% — US$ 167,465,134Melons (vegetable products) — 0.49% — US$ 162,704,757Scrap copper (metals) — 0.41% — US$ 134,213,776Electrical power accessories (machines) — 0.41% — US$ 134,017,082Frozen fruits and nuts (vegetable products) — 0.40% — US$ 132,608,720Non-fillet fresh fish (animal products) — 0.40% — US$ 130,386,188Non-knit men's shirts (textiles) — 0.37% — US$ 123,044,941Engine parts (machines) — 0.37% — US$ 121,292,575Electrical lighting and signalling equipment (machines) — 0.36% — US$ 120,167,255Other cloth articles (textiles) — 0.36% — US$ 119,263,653Other women's undergarments (textiles) — 0.35% — US$ 113,930,893Locust beans, seaweed, sugar beet, cane, for food (vegetable products) — 0.31% — US$ 101,551,131Copper ore (mineral products) — 0.31% — US$ 100,618,198Packaged medicaments (chemical products) — 0.30% — US$ 100,409,128Barium sulphate (mineral products) — 0.30% — US$ 99,039,281Gas turbines (machines) — 0.28% — US$ 91,358,920Silver (precious metals) — 0.28% — US$ 90,754,217Non-knit men's coats (textiles) — 0.27% — US$ 89,808,203Other plastic products (plastics and rubbers) — 0.26% — US$ 85,297,521Rubber footwear (footwear and headwear) — 0.26% — US$ 84,771,917Lead ore (mineral products) — 0.25% — US$ 82,401,749Cobalt (metals) — 0.25% — US$ 81,731,335Animal organs (animal products) — 0.25% — US$ 81,277,189Metal insulating fittings (machines) — 0.25% — US$ 80,990,160Other rubber products (plastics and rubbers) — 0.24% — US$ 79,512,721Footwear parts (footwear and headwear) — 0.24% — US$ 78,691,329Gold (precious metals) — 0.24% — US$ 78,549,644Bedspreads (textiles) — 0.24% — US$ 77,852,894Broadcasting equipment (machines) — 0.24% — US$ 77,593,308Crustaceans (animal products) — 0.23% — US$ 76,599,721Other engines (machines) — 0.22% — US$ 72,192,672Paper containers (paper goods) — 0.22% — US$ 71,085,269Planes, helicopters, and/or spacecraft (transportation) — 0.21% — US$ 70,467,094Pure olive oil (animal and vegetable bi-products) — 0.21% — US$ 68,413,766Perfume plants (vegetable products) — 0.20% — US$ 65,834,367Fish oil (animal and vegetable bi-products) — 0.19% — US$ 63,329,353Refined petroleum (mineral products) — 0.19% — US$ 62,929,953Vegetable saps (vegetable products) — 0.19% — US$ 62,316,928Safety glass (stone and glass) — 0.19% — US$ 61,716,389Other iron products (metals) — 0.18% — US$ 60,899,694Electricity (mineral products) — 0.18% — US$ 60,721,564Other knit garments (textiles) — 0.18% — US$ 60,442,406Fish fillets (animal products) — 0.18% — US$ 58,567,499Tropical fruits (vegetable products) — 0.17% — US$ 56,835,293Zinc ore (mineral products) — 0.17% — US$ 56,197,029Cheese (animal products) — 0.17% — US$ 56,083,333Knit women's shirts (textiles) — 0.17% — US$ 55,624,699Other edible preparations (foodstuffs) — 0.17% — US$ 55,293,251Electrical transformers (machines) — 0.17% — US$ 54,833,801Valves (machines) — 0.16% — US$ 53,355,300Raw copper (metals) — 0.16% — US$ 52,325,878Knit women's undergarments (textiles) — 0.15% — US$ 50,888,798Other furniture (miscellaneous) — 0.15% — US$ 50,859,225Iron structures (metals) — 0.15% — US$ 50,379,956Cement (mineral products) — 0.15% — US$ 48,610,232Knit men's shirts (textiles) — 0.15% — US$ 47,906,837Bathroom ceramics (stone and glass) — 0.14% — US$ 47,719,394Knit men's suits (textiles) — 0.14% — US$ 47,489,278Pasta (foodstuffs) — 0.14% — US$ 47,473,045Other pure vegetable oils (animal and vegetable bi-products) — 0.14% — US$ 46,572,841Trunks and cases (animal hides) — 0.14% — US$ 45,458,103Plastic pipes (plastics and rubbers) — 0.13% — US$ 44,346,555Essential oils (chemical products) — 0.13% — US$ 41,822,818Feldspar (mineral products) — 0.13% — US$ 41,793,032Centrifuges (machines) — 0.13% — US$ 41,206,740Phosphinates and phosphonates (chemical products) — 0.12% — US$ 40,626,792Knit babies' garments (textiles) — 0.11% — US$ 37,640,795Titanium (metals) — 0.11% — US$ 36,836,637Scrap aluminium (metals) — 0.11% — US$ 36,504,409Non-knit babies' garments (textiles) — 0.11% — US$ 36,035,914Thermostats (instruments) — 0.11% — US$ 35,208,663Other processed fruits and nuts (foodstuffs) — 0.10% — US$ 34,259,624Knit women's coats (textiles) — 0.10% — US$ 33,999,958Polyacetals (plastics and rubbers) — 0.10% — US$ 33,470,873Industrial fatty acids, oils and alcohols (chemical products) — 0.10% — US$ 33,460,202Preserved vegetables (vegetable products) — 0.10% — US$ 32,845,781Aluminium cans (metals) — 0.10% — US$ 31,942,929Felt or coated fabric garments (textiles) — 0.10% — US$ 31,311,484Industrial printers (machines) — 0.09% — US$ 30,242,203Aluminium bars (metals) — 0.09% — US$ 29,403,913Heavy pure woven cotton (textiles) — 0.09% — US$ 29,391,013Tea (vegetable products) — 0.09% — US$ 29,192,624Coffee and tea extracts (foodstuffs) — 0.09% — US$ 28,731,694Electric motors (machines) — 0.09% — US$ 28,295,135Tanned equine and bovine hides (animal hides) — 0.08% — US$ 27,971,617Textile footwear (footwear and headwear) — 0.08% — US$ 27,449,280Plastic lids (plastics and rubbers) — 0.08% — US$ 26,893,928Potatoes (vegetable products) — 0.08% — US$ 26,881,660Other footwear (footwear and headwear) — 0.08% — US$ 25,382,800Salt (mineral products) — 0.07% — US$ 24,161,442Gypsum (mineral products) — 0.07% — US$ 23,824,421Other live plants (vegetable products) — 0.07% — US$ 23,649,584Knit active wear (textiles) — 0.07% — US$ 23,562,237Compasses (instruments) — 0.07% — US$ 23,067,196Onions (vegetable products) — 0.07% — US$ 22,703,373Seed oils (animal and vegetable bi-products) — 0.07% — US$ 22,215,511Non-knit women's undergarments (textiles) — 0.07% — US$ 21,853,700Confectionery sugar (foodstuffs) — 0.07% — US$ 21,728,140Coated flat-rolled iron (metals) — 0.06% — US$ 21,353,221Medical instruments (instruments) — 0.06% — US$ 20,117,934Leather apparel (animal hides) — 0.06% — US$ 19,936,823Buses (transportation) — 0.06% — US$ 19,834,917House linens (textiles) — 0.06% — US$ 19,306,126Navigation equipment (machines) — 0.06% — US$ 19,283,491Metal mountings (metals) — 0.06% — US$ 19,066,630Plywood (wood products) — 0.05% — US$ 18,037,078Pickled foods (foodstuffs) — 0.05% — US$ 17,332,787Other electrical machinery (machines) — 0.05% — US$ 17,321,601Soap (chemical products) — 0.05% — US$ 17,294,158Glycosides (chemical products) — 0.05% — US$ 16,974,272Spark-ignition engines (machines) — 0.05% — US$ 16,721,446Other plastic sheetings (plastics and rubbers) — 0.05% — US$ 16,624,546Beauty products (chemical products) — 0.05% — US$ 16,275,475Light fixtures (miscellaneous) — 0.05% — US$ 15,535,523Metal molds (machines) — 0.05% — US$ 15,386,078Iron fasteners (metals) — 0.05% — US$ 15,172,928Fruit juice (foodstuffs) — 0.05% — US$ 15,101,194Manganese ore (mineral products) — 0.05% — US$ 14,912,107Hand-woven rugs (textiles) — 0.05% — US$ 14,828,383Olive oil (animal and vegetable bi-products) — 0.04% — US$ 14,587,032Raw iron bars (metals) — 0.04% — US$ 14,406,363Unglazed ceramics (stone and glass) — 0.04% — US$ 14,239,604Packing bags (textiles) — 0.04% — US$ 14,104,920Glass fibers (stone and glass) — 0.04% — US$ 14,004,812Light rubberized knitted fabric (textiles) — 0.04% — US$ 13,711,692Nonaqueous paints (chemical products) — 0.04% — US$ 13,682,138Building stone (stone and glass) — 0.04% — US$ 13,609,755Knit socks and hosiery (textiles) — 0.04% — US$ 13,371,473Flavored water (foodstuffs) — 0.04% — US$ 13,209,910Electric batteries (machines) — 0.04% — US$ 12,892,513Natural cork articles (wood products) — 0.04% — US$ 12,766,601Used clothing (textiles) — 0.04% — US$ 12,659,464Unpackaged medicaments (chemical products) — 0.04% — US$ 12,591,417Hot-rolled iron (metals) — 0.04% — US$ 12,544,925Saddlery (animal hides) — 0.04% — US$ 12,512,625Baked goods (foodstuffs) — 0.04% — US$ 12,313,920Raw plastic sheeting (plastics and rubbers) — 0.04% — US$ 12,226,908Waterproof footwear (footwear and headwear) — 0.04% — US$ 12,130,456Dried fruits (vegetable products) — 0.04% — US$ 11,986,815Knit men's undergarments (textiles) — 0.04% — US$ 11,943,098Large construction vehicles (machines) — 0.04% — US$ 11,775,069Raw cork (wood products) — 0.04% — US$ 11,684,885Scrap iron (metals) — 0.04% — US$ 11,675,940Other animals (animal products) — 0.04% — US$ 11,642,623Machinery having individual functions (machines) — 0.04% — US$ 11,614,771Grapes (vegetable products) — 0.04% — US$ 11,528,232Plastic housewares (plastics and rubbers) — 0.03% — US$ 11,506,339Perfumes (chemical products) — 0.03% — US$ 11,438,104Molasses (foodstuffs) — 0.03% — US$ 11,396,222Large coated flat-rolled iron (metals) — 0.03% — US$ 11,352,120Clays (mineral products) — 0.03% — US$ 11,304,995Hair products (chemical products) — 0.03% — US$ 11,191,789Processed tomatoes (foodstuffs) — 0.03% — US$ 10,841,354Spice seeds (vegetable products) — 0.03% — US$ 10,552,624Netting (textiles) — 0.03% — US$ 10,430,796Tanned sheep hides (animal hides) — 0.03% — US$ 10,417,574Vehicle bodies (transportation) — 0.03% — US$ 10,395,300Yeast (foodstuffs) — 0.03% — US$ 10,278,054Cabbages (vegetable products) — 0.03% — US$ 10,174,388Other inorganic acids (chemical products) — 0.03% — US$ 10,174,156Wood carpentry (wood products) — 0.03% — US$ 10,137,759Eggs (animal products) — 0.03% — US$ 10,048,506Spices (vegetable products) — 0.03% — US$ 10,041,048Oscilloscopes (instruments) — 0.03% — US$ 10,034,866Boat propellers (machines) — 0.03% — US$ 9,964,145Air conditioners (machines) — 0.03% — US$ 9,797,206Blood, antisera, vaccines, toxins and cultures (chemical products) — 0.03% — US$ 9,600,439Manganese oxides (chemical products) — 0.03% — US$ 9,484,148Processed fish (animal products) — 0.03% — US$ 9,446,357Synthetic filament yarn woven fabric (textiles) — 0.03% — US$ 9,305,642Processed tobacco (foodstuffs) — 0.03% — US$ 8,880,754Cleaning products (chemical products) — 0.03% — US$ 8,841,282Cement articles (stone and glass) — 0.03% — US$ 8,762,521Basketwork (wood products) — 0.03% — US$ 8,610,736Other aluminium products (metals) — 0.03% — US$ 8,599,178Microphones and headphones (machines) — 0.03% — US$ 8,517,109Non-retail synthetic filament yarn (textiles) — 0.03% — US$ 8,386,657Precious metal scraps (precious metals) — 0.03% — US$ 8,369,870Non-iron and steel slag, ash and residues (mineral products) — 0.03% — US$ 8,365,479Knotted carpets (textiles) — 0.02% — US$ 8,125,347Marble, travertine and alabaster (mineral products) — 0.02% — US$ 8,060,377Cut flowers (vegetable products) — 0.02% — US$ 7,979,639Electric motor parts (machines) — 0.02% — US$ 7,960,796Headbands and linings (footwear and headwear) — 0.02% — US$ 7,935,620Tulles and net fabric (textiles) — 0.02% — US$ 7,916,070Other synthetic fabrics (textiles) — 0.02% — US$ 7,867,208Animal food (foodstuffs) — 0.02% — US$ 7,813,195Root vegetables (vegetable products) — 0.02% — US$ 7,732,117Shaving products (chemical products) — 0.02% — US$ 7,650,310Dried legumes (vegetable products) — 0.02% — US$ 7,611,617Raw aluminium (metals) — 0.02% — US$ 7,554,876Glass bottles (stone and glass) — 0.02% — US$ 7,464,516Knit men's coats (textiles) — 0.02% — US$ 7,432,045High-voltage protection equipment (machines) — 0.02% — US$ 7,431,654Shaped paper (paper goods) — 0.02% — US$ 7,381,163Excavation machinery (machines) — 0.02% — US$ 7,271,960Pitted fruits (vegetable products) — 0.02% — US$ 7,166,712Models and stuffed animals (miscellaneous) — 0.02% — US$ 7,146,390Wine (foodstuffs) — 0.02% — US$ 7,120,779Milling stones (stone and glass) — 0.02% — US$ 6,945,325Other measuring instruments (instruments) — 0.02% — US$ 6,926,118Other inedible animal products (animal products) — 0.02% — US$ 6,918,701Facial tissue (paper goods) — 0.02% — US$ 6,888,269Zinc oxide and peroxide (chemical products) — 0.02% — US$ 6,838,052Soybean oil (animal and vegetable bi-products) — 0.02% — US$ 6,763,138Hot-rolled iron bars (metals) — 0.02% — US$ 6,689,399Telephones (machines) — 0.02% — US$ 6,583,520Frozen vegetables (vegetable products) — 0.02% — US$ 6,489,814Electric generating sets (machines) — 0.02% — US$ 6,434,435Combustion engines (machines) — 0.02% — US$ 6,385,255Synthetic coloring matter (chemical products) — 0.02% — US$ 6,246,015Stone processing machines (machines) — 0.02% — US$ 6,194,829Blankets (textiles) — 0.02% — US$ 6,050,978Other printed material (paper goods) — 0.02% — US$ 5,928,245Cucumbers (vegetable products) — 0.02% — US$ 5,849,093Other copper products (metals) — 0.02% — US$ 5,815,671Precious metal ore (mineral products) — 0.02% — US$ 5,770,997Electrical capacitors (machines) — 0.02% — US$ 5,649,294Fishing ships (transportation) — 0.02% — US$ 5,618,303Liquid pumps (machines) — 0.02% — US$ 5,592,453Computers (machines) — 0.02% — US$ 5,591,952Other cast iron products (metals) — 0.02% — US$ 5,404,173Electric filament (machines) — 0.02% — US$ 5,304,363Broadcasting accessories (machines) — 0.02% — US$ 5,299,722Trailers (transportation) — 0.02% — US$ 5,276,562Margarine (animal and vegetable bi-products) — 0.02% — US$ 5,228,658Stranded aluminium wire (metals) — 0.02% — US$ 5,216,872Blank audio media (machines) — 0.02% — US$ 5,194,195Cranes (machines) — 0.02% — US$ 5,125,004Refined copper (metals) — 0.02% — US$ 5,091,417Abrasive powder (stone and glass) — 0.02% — US$ 5,038,450Woven fabric of synthetic staple fibers (textiles) — 0.02% — US$ 5,000,678Live fish (animal products) — 0.02% — US$ 4,989,953Sowing seeds (vegetable products) — 0.02% — US$ 4,977,524Gas and liquid flow measuring instruments (instruments) — 0.02% — US$ 4,962,580Non-retail synthetic staple fibers yarn (textiles) — 0.02% — US$ 4,961,498Friction material (stone and glass) — 0.01% — US$ 4,887,631Corrugated paper (paper goods) — 0.01% — US$ 4,826,537Stearic acid (animal and vegetable bi-products) — 0.01% — US$ 4,801,170Other ores (mineral products) — 0.01% — US$ 4,768,608Interchangeable tool parts (metals) — 0.01% — US$ 4,759,208Jewellery (precious metals) — 0.01% — US$ 4,601,045Rubberworking machinery (machines) — 0.01% — US$ 4,565,178Potassic fertilizers (chemical products) — 0.01% — US$ 4,544,799Corn (vegetable products) — 0.01% — US$ 4,531,829Office machine parts (machines) — 0.01% — US$ 4,525,518Refrigerators (machines) — 0.01% — US$ 4,510,843Narrow woven fabric (textiles) — 0.01% — US$ 4,476,095Other nuts (vegetable products) — 0.01% — US$ 4,409,380Kaolin (mineral products) — 0.01% — US$ 4,313,995Beer (foodstuffs) — 0.01% — US$ 4,268,526Bandages (chemical products) — 0.01% — US$ 4,247,833X-ray equipment (instruments) — 0.01% — US$ 4,219,650Air pumps (machines) — 0.01% — US$ 4,190,953Forging machines (machines) — 0.01% — US$ 4,180,722Pepper (vegetable products) — 0.01% — US$ 4,147,420Brooms (miscellaneous) — 0.01% — US$ 4,118,134Aluminium structures (metals) — 0.01% — US$ 4,115,732Lifting machinery (machines) — 0.01% — US$ 4,111,821Patent leather (animal hides) — 0.01% — US$ 4,038,763Other vinyl polymers (plastics and rubbers) — 0.01% — US$ 3,986,490Plastic coated textile fabric (textiles) — 0.01% — US$ 3,959,789Wheat flours (vegetable products) — 0.01% — US$ 3,897,600Lettuce (vegetable products) — 0.01% — US$ 3,829,115Chocolate (foodstuffs) — 0.01% — US$ 3,790,803Paper labels (paper goods) — 0.01% — US$ 3,767,966Synthetic fabrics (textiles) — 0.01% — US$ 3,760,626Wool (textiles) — 0.01% — US$ 3,647,175Rubber pipes (plastics and rubbers) — 0.01% — US$ 3,602,692Technical use textiles (textiles) — 0.01% — US$ 3,589,628Small iron containers (metals) — 0.01% — US$ 3,582,040Liquid dispersing machines (machines) — 0.01% — US$ 3,559,801Prepared explosives (chemical products) — 0.01% — US$ 3,527,106Concentrated milk (animal products) — 0.01% — US$ 3,468,627Garments of impregnated fabric (textiles) — 0.01% — US$ 3,383,211Orthopedic appliances (instruments) — 0.01% — US$ 3,363,147Nitrogenous fertilizers (chemical products) — 0.01% — US$ 3,353,735Mattresses (miscellaneous) — 0.01% — US$ 3,347,408Steam boilers (machines) — 0.01% — US$ 3,330,883Petroleum coke (mineral products) — 0.01% — US$ 3,323,812Scented mixtures (chemical products) — 0.01% — US$ 3,308,313Values below 0.01% (metals) — 0.19% — US$ 61,040,587Values below 0.01% (machines) — 0.18% — US$ 57,897,868Values below 0.01% (textiles) — 0.16% — US$ 51,912,903Values below 0.01% (chemical products) — 0.08% — US$ 26,902,216Values below 0.01% (plastics and rubbers) — 0.06% — US$ 20,880,985Values below 0.01% (stone and glass) — 0.06% — US$ 19,564,120Values below 0.01% (foodstuffs) — 0.05% — US$ 16,862,892Values below 0.01% (paper goods) — 0.05% — US$ 16,415,266Values below 0.01% (vegetable products) — 0.05% — US$ 14,825,245Values below 0.01% (transportation) — 0.04% — US$ 14,066,803Values below 0.01% (instruments) — 0.04% — US$ 13,035,077Values below 0.01% (mineral products) — 0.03% — US$ 11,294,309Values below 0.01% (miscellaneous) — 0.03% — US$ 10,748,571Values below 0.01% (wood products) — 0.03% — US$ 8,659,081Values below 0.01% (animal and vegetable bi-products) — 0.02% — US$ 6,611,282Values below 0.01% (animal products) — 0.02% — US$ 5,870,392Values below 0.01% (arts and antiques) — 0.02% — US$ 5,195,451Values below 0.01% (animal hides) — 0.01% — US$ 4,679,023Values below 0.01% (footwear and headwear) — 0.01% — US$ 3,910,161Values below 0.01% (precious metals) — 0.01% — US$ 3,766,403
Exports of Morocco by product category (2019)
  Chemical products
  Transportation
  Machines
  Mineral products
  Plastics and rubbers
  Metals
  Foodstuffs
  Precious metals
  Textiles
  Instruments
  Animal products
  Vegetable products
  Paper goods
  Footwear and headwear
  Miscellaneous
  Stone and glass
  Wood products
  Animal and vegetable bi-products
  Animal hides
  Arts and antiques
  Weapons
Moroccan exports in 2006

In recent years [when?] , Morocco has reduced its dependence on phosphate exports, emerging as an exporter of manufactured and agricultural products, and as a growing tourism destination. However, its competitiveness in basic manufactured goods, such as textiles, is hampered by low labour productivity and high wages. Morocco is dependent on imported fuel and its food import requirement can rise substantially in drought years, as in 2007. Although Morocco runs a structural trade deficit, this is typically offset by substantial services earnings from tourism and large remittance inflows from the diaspora, and the country normally runs a small current-account surplus.[2]

Morocco signed in 1996 an agreement of association with the European Union which came into effect in 2000. This agreement, which lies within the scope of the Barcelona Process (Euro-Mediterranean partnership) started in 1995 and envisages the progressive implementation of a free trade area planned for 2012.

Trade with the EU

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Morocco's FTA with the EU, which was signed in 1996, entered into force in 2000 and is being incrementally implemented with the aim of creating an EU-Morocco free trade zone by 2012, noting that the abolition of tariffs on industrial goods has been a boom for Moroccan manufacturers as some 75% of Morocco's exports go to Europe. France is Morocco's largest trading partner, followed by Spain.

Trade with France

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France is Morocco's largest trading partner for both imports and exports, controlling more than 60% of foreign direct investment in Morocco. Morocco has emerged as a major cheap-labour platform for European manufacturers, as well as a commercial trans-shipment point for goods from all around the world passing through the Straits of Gibraltar. Moroccans’ knowledge of French has also led French banking and call-centre firms to set up service operations in Morocco.

In October 2007, French President Nicolas Sarkozy travelled to Morocco on an official state visit to King Mohammed VI. Accompanied by 70 top French business executives, Sarkozy confirmed several billion dollars' worth of contracts for French firms in Morocco.

Trade with the US

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Moroccan-US trade has risen to $2.3 billion in 2007 from the $1.4 billion since the enforcement of the free trade agreement signed between the 2 countries in 2006, former Moroccan Minister of Trade and Economy Salaheddine Mezouar said in 2007. Mezouar pointed out that Moroccan clothing exports to the USA had increased by 122% in 2006 while perfume sales had grown by 41%, also noting that US investment in Morocco exceeded $1.5 billion, mainly in tourism and clothing. In 2006, Moroccan-US trade was up 44% over 2005. Moroccan exports to the US netted $521.2 million while American exports to Morocco reached $875.5 million, up 67% from 2005. According to the FTA agreement, Morocco can export to the US a duty-free quota of 15 million square meters of finished goods and 500 tonnes of thread and materials made from fibres and cotton from less developed Sub-Saharan African countries. Morocco is looking to expand its textile markets outside the EU due to strong competition after the EU abolished quotas for Asian textiles in January 2005.[3] Moroccan exports to the US rose by 25% in 2007, and noted that trade has been facilitated and promoted by the FTA between the 2 countries. The establishment of a direct merchant maritime line between Tangier and ports on the US East coast would be an essential step to taking trade to the next level.

Trade with China

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Morocco was the 2nd African country to establish diplomatic ties with China since the founding of the People's Republic in 1949. "Sino-Moroccan relations have all along developed soundly and stably with friendly cooperation deepening continuously in all fields, thanks to the joint efforts by the leaders and peoples of the 2 countries, no matter how international situation changes,"Wu Bangguo, chairman of the Standing Committee of the Chinese National People's Congress, said during his meeting with Abdeloughed Radi, president of Morocco's Chamber of Representatives, in 2005.

In trade and economic cooperation, the volume of bilateral trade has increased incessantly, reaching $1.16 billion US dollars in 2004,"Wu said. Nothing marked results in bilateral cooperation such as in traditional fields like fisheries, agriculture, health and engineering projects.

The heads of the parliaments of China and Morocco vowed in Rabat in 2005 to work for the further development of bilateral ties in all fields, including trade.[4]

Trade with the Persian Gulf Region

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As part of its economic liberalization policy, Morocco has concluded a free trade agreements with GCC countries, thereby lining Morocco with 1 of the largest free trade networks in the world and giving it duty-free access to a huge market.[5]

Trade with Africa

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Morocco's trade with the African countries has jumped from $533 million in 1998 to around $3 billion in 2008, up 460%.[6] This was facilitated thanks to opening by Morocco's carrier, Royal Air Maroc, of 27 links serving the continent's major cities as well as the existence in Africa of a number of Moroccan operators, especially Royal Air Maroc, mobile operator Maroc Telecom and Attijariwafa Bank.

Trade Imbalance

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Morocco's trade imbalance rose from $86 billion to $118 billion dirhams between 2006 and 2007 – a 26.6% increase bringing the total amount to 17% of GDP. The Caisse de dépôt et de gestion forecasts that if imports continue to rise faster than exports, the disparity could reach 21% of GDP. Foreign Trade Minister Abdellatif Maâzouz said earlier in September that members of the government have agreed to a plan focused on four major areas: a concerted export development strategy, the regulation of imports, market and economic monitoring, and the adaptation of regulations and working practices. The plan, Maâzouz said, "will enable us to redress the external trade situation and to reduce Morocco’s trade deficit." The minister added that he expects to see a reversal of the imbalance by 2010.[7]

See also

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References

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  1. ↑ https://wits.worldbank.org/CountrySnapshot/en/MAR | Retrieved 2024-11-21
  2. ↑ "The Economist - World News, Politics, Economics, Business & Finance". The Economist.
  3. ↑ "Moroccan-US trade up 30% since adoption of FTA". Archived from the original on 2012-02-15.
  4. ↑ "China, Morocco vow to further friendly ties".
  5. ↑ "GCC Countries Invest Heavily in Morocco". Archived from the original on 2017-10-10.
  6. ↑ "Home: Morocco's trade with Africa up 460% in 10 years, magazine". Archived from the original on 2009-07-27. Retrieved 2009-07-28.
  7. ↑ "Moroccan government brings in plan to reduce trade imbalance". 2008-09-22. Archived from the original on 2012-02-15.
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