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In line with the rest of the world, the Moroccan economy is expected to rebound in 2021, something that should help contain the budget and current account deficits. This statistic shows the main export partner countries for Morocco in 2017. Imports in Morocco increased to 35497 MAD Million in November from 34498 MAD Million in October of 2020. Morocco shipped US$25.6 billion worth of goods around the globe in 2017, up by 16.6% since 2013 and up by 12% from 2016 to 2017. En nous communicant votre e-mail professionnel, vous recevrez quotidiennement nos Actus, ainsi que l’ensemble des nos services. Morocco Exports-by-country - Daten - Wirtschafts-Indikatoren. We offer trade promotion assistance to U.S. companies through a range of services and programs. Download historical data for 20 million indicators using your browser. Russia consolidated its position as Morocco’s main coal supplier during the first 11 months of 2020, business-specialized Argus Media reported on Monday, January 25.. 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. Copacplant Morroco. An uptick in agricultural production is set to have driven the moderation, although continued contractions in the industrial and textile sectors will have weighed on overall output. Gross official reserves were USD 20.6 billion, which equal to the cost of 11.6 months of imports. We are Company AGHSANE, Production and Export Argan oil and other traditional Moroccan’s products Our principle Produce high quality with an affordable price to make sure that everyone can benefit f. Aghsane on 18 Jul 2012 related to Major Exports in Morocco Import and export, Morocco, Morocco Other exports items include electric components, inorganic chemicals, transistors, citrus fruits, vegetables, fish. Morocco's textile industry was once limited to exporting raw materials such as cotton and yarn, but the government introduced some incentives to improve the industry. Morocco Exports chart, historic, and current data. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Morocco sends a significant amount of its exports to the European Union. 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. We are Company AGHSANE, Production and Export Argan oil and other traditional Moroccan’s products Our principle Produce high quality with an affordable price to make sure that everyone can benefit f. Aghsane on 18 Jul 2012 related to Major Exports in Morocco Importing and Exporting. Morocco also provides several other forms of assistance to exports. Morocco: Grain and Feed Update January 20, 2021 On December 25, 2020, the Government of Morocco extended the suspension of import duties on common wheat and products (1001.99.00.19 and 1001.99.00.90) until May 31, 2021. Bilateral trade in goods and services is worth around £1.8 billion. The leading origins of goods imported into Morocco as of 2017 are also Spain and France. Spain’s top 10 exports accounted for 55.1% of the overall value of its global shipments. Determine the main products exported and imported by Morocco. Morocco main exports partners are European Union countries with Spain, France and Italy being the most important. 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. import/export. The EU is Morocco's largest trading partner, accounting for 59,4% of its trade in 2017. The World Economic Forum considered Morocco to be North Africa's most competitive economy from 2014 to 2015. Morocco services export is 18,541,094,405 in BoP, current US$ and services import is 10,551,997,556 in Bop, current US$.Morocco exports of goods and services as percentage of GDP is 38.73% and imports of goods and services as percentage of GDP is 49.26%. We are an international company of import and export , located in Morocco.Our main work is to import products from other c contries espacially ASIAN contries. Publish your articles and forecasts in our website. Morocco’s main trade is importing and exporting. James shows how to work with modules in Node.js, focusing on how to export and consume them, and explaining the difference between module.exports and exports. Top Answer. 2013-03-27 15:59:11. Exports in Morocco averaged 12870.04 MAD Million from 1998 until 2020, reaching an all time high of 27273 MAD Million in March of 2019 and a record low of 4878.90 MAD Million in April of 1998. Altogether, the modern portion accounts for more than two-thirds of gross domestic product (GDP), even though it employs only … Top Morocco Exports 2017. The UK is among the top 6 foreign investors in Morocco. Morocco: Grain and Feed Update January 20, 2021 On December 25, 2020, the Government of Morocco extended the suspension of import duties on common wheat and products (1001.99.00.19 and 1001.99.00.90) until May 31, 2021. If seen as a single entity, the EU is by far Morocco's largest trading partner. Exports of Morocco increased from 8,850 million current US$ in 2000 to 44,031 million current US$ in 2019 growing at an average annual rate of 9.42%. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Of its E.U. Morocco’s main exports are clothing and textiles, electric components, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, citrus frui… Read more Log in. On the external front, Morocco’s open economy is highly exposed to international shocks and especially to adverse developments in the eurozone area. Top Morocco Exports 2017. The Trading Economics Application Programming Interface (API) provides direct access to our data. Exports were $4.3 billion; imports were $2.3 billion. In 2017, the most important export partner of Morocco was Spain, with a share of 23.2 percent of all exports… Its main exports to Spain include electronics, clothes, and seafood. Morocco exports for 2018 was $45.79B, a 12.16% increase from 2017. In addition to these advantages, public institutions take promotional measures that fall in their sphere of competence. 1998-2020 Data | 2021-2023 Forecast | Historical | Chart | News. The temporary admission scheme constitutes the main incentive for different exports. In 2017, Morocco's gross domestic product was the seventh highest in Africa. This page displays a table with Morocco Exports By Country in U.S. dollars, according to the United … The principal export crops are citrus fruits and vegetables. Morocco shipped US$25.6 billion worth of goods around the globe in 2017, up by 16.6% since 2013 and up by 12% from 2016 to 2017. Morocco Major Exports According to the statistics of CIA FactBook, Morocco exported … Although there are local arts and crafts found on every corner of the street, most of the locally produced arts and crafts are being exported to neighboring countries. Know the main economic sectors in Morocco: the place of agriculture, industry and services in the GDP. Meat was the fastest grower among the top 10 export categories, up by 24% since 2018. Welcome to the U.S. Commercial Service Morocco. During the 1960's the government of Morocco introduced plans to stimulate economic growth by modernizing the agricultural sector. 64,6 % of Morocco's exports went to the EU, and 56,5% of Morocco's imports came from the EU. Also of growing importance to the economy are modern sectors, particularly tourism and telecommunications. Leading services exports from the U.S. to Morocco were in the maintenance and repair services, travel, and intellectual property (computer software) sectors. Morocco trade balance, exports and imports by country 2018 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. The U.S. goods and services trade surplus with Morocco was $1.9 billion in 2019. Investment (gross fixed) was 30.6 percent of GDP (2011 est., data from CIA World Factbook). In 2017, the most important export partner of Morocco was Spain, with a share of 23.2 percent of all exports. Foreign trade of Morocco : import of goods : 50,734 million USD ; export of goods : 29,132 million USD ; import of services : 9,212 million USD ; export of services : 18,713 million USD ; share of imports (32.00%) and exports (27.00%) of goods and services to the GDP, trade balance : -4,191 million USD, current transactions balance, main partner countries, main trading products. Morocco is currently our 63rd largest goods trading partner with $5.1 billion in total (two way) goods trade during 2019. Goods exports totaled $3.5 billion; goods imports totaled $1.6 billion. See Answer. Morocco-Export vous invite à renseigner l’ensemble de ce document. Morocco’s main trade is importing and exporting. Wiki User Answered . ifrane 43 ,2eme etage n째41- pergola Dcheira Agadir, SMD. Asked by Wiki User. UK exports of goods to Morocco £573 million in 2014. Morocco's textile industry is one of the nation's most important industries as it earns the government foreign exchange as well as employing a significant number of Moroccans. La mise à jour des données nous permettra de vous tenir régulièrement informé de l’actualité nos activités. Sorry, your blog cannot share posts by email. However, in 1996 Morocco received the highest levels of rainfall in 30 years, leading to record grain production. Although there are local arts and crafts found on every corner of the street, most of the locally produced arts and crafts are being exported to neighboring countries. Morocco - Exports The economy shrank 9.0% on an annual basis in Q3, according to preliminary government figures, softening somewhat from the near 15.0% contraction recorded in Q2. Morocco exports for 2019 was $46.81B, a 2.23% increase from 2018. Morocco - Welcome Page. UK exports of goods to Morocco £573 million in 2014. Morocco exports for 2016 was $36.52B, a 3.73% increase from 2015. This statistic shows the main export partner countries for Morocco in 2017. Fruits and nuts represent the fastest grower among the top Moroccan export categories, thanks to its 14.4% acceleration from 2018 to 2019. In second place for improving export sales were pharmaceuticals: thanks to a 9% improvement. Exports of goods and services in 2010 were 35.3 percent of GDP or USD 20.9 billion. Bilateral trade in goods and services is worth around £1.8 billion. U.S. exports of services to Morocco were an estimated $768 million in 2019, 18.3% ($172 million) less than 2018, but 147% greater than 2009 levels. Morocco exports for 2017 was $40.83B, a 11.79% increase from 2016. Among all the top products exported from Morocco, Non-Knit Womens & Girls Suits contribute to 2.78% of total trade value, equal to US$1,088,303 thousand. exports in 2018, 42% went to Spain and 29% went to France. Current Morocco Exports is 35.09% GDP. Morocco remained Spain's main supplier of fruits and vegetables in 2017, with exports reaching EUR 462.3 million by last October, according to Morocco’s top 10 exports accounted for about three-quarters (73.9%) of the overall value of its global shipments. According to the Moroccan Association of Textile and Clothing Industry, in 2017 Moroccan textile exports were worth $7.3 billion which was an increase of nearly 3.8% … Pulse, vegetable, and citrus production were also devastated. Post was not sent - check your email addresses! All Listings - Morocco. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Electrical machinery, equipment: US$5.3 billion (18.1% of total exports), Clothing, accessories (not knit or crochet): $2.4 billion (8.3%), Inorganic chemicals: $1.43 billion (4.9%), Salt, sulphur, stone, cement: $1 billion (3.4%), Aircraft, spacecraft: $863.7 million (2.9%), Fertilizers: US$2.6 billion (Down by -7.3% since 2018), Clothing, accessories (not knit or crochet): $2.2 billion (Down by -5.2%), Meat/seafood preparations: $781.2 million (Up by 2.8%), Inorganic chemicals: $741 million (Down by -3.5%), Knit or crochet clothing, accessories: $545.8 million (Down by -11.5%), Electrical machinery, equipment: $376 million (Up by 1183.9%), Ores, slag, ash: $227.2 million (Down by -9.3%), Mineral fuels including oil: US-$7.5 billion (Down by -10.8% since 2018), Machinery including computers: -$5.2 billion (Up by 8.3%), Plastics, plastic articles: -$2 billion (Up by 3.5%), Aircraft, spacecraft: -$819.2 million (Up by 52.9%), Manmade staple fibers: -$776.4 million (Up by 0.8%), Articles of iron or steel: -$758.4 million (Up by 11.3%), Paper, paper items: -$650.3 million (Down by -5.1%), Compagnie Marocaine de Navigation (shipping), Office Chérifien des Phosphates (phosphate). Know the distribution of economic activity by sector in Morocco: Employment by sector (% of total employment); Value added (% of GDP); Value added (% of annual growth). Importing and Exporting. Bd des FAR Im. Industrial production grew by 3.5 percent in 2011. Morocco trade balance, exports and imports by country 2018 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. Morocco - Morocco - Economy: As is true in many former African colonies, the Moroccan economy remains heavily dependent on the export of raw materials. Imports in Morocco averaged 23611.94 MAD Million from 1998 until 2020, reaching an all time high of 45130 MAD Million in April of 2019 and a record low of 6424.40 MAD Million in January of 1999. Morocco Major Exports According to the statistics of CIA FactBook, Morocco exported US$39,209 million worth of goods around the world in 2018. During the first half of 2020, a sharp decrease—in remittances (-8.1%), tourism (-33.2%), and exports (-18.3%)—has had an adverse impact on the country’s current account. Finally, the decline in exports, tourism receipts, and remittances could increase the current account deficit to 9.9% of GDP. Exports in Morocco decreased to 24745 MAD Million in November from 25916 MAD Million in October of 2020. Phosphates and textiles are central to Morocco's export industry. The UK is among the top 6 foreign investors in Morocco. What are the main exports and imports of Morocco? If seen as a single entity, the EU is by far Morocco's largest trading partner. Direct access to our calendar releases and historical data. 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