Frequent question: 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%). Spain is also the main supplier (15.6%), ahead of France (12.2%), China (10.1%), the U.S. (7.4%) and Italy (5.4%).

What is Morocco’s biggest export?

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.

What does Morocco import the most?

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 does Morocco trade with us?

U.S. exports to Morocco are up 627% from 2005 (pre-FTA). 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).

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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.

How rich is the king of Morocco?

King Mohammed VI of Morocco net worth: King Mohammed VI is the current King of Morocco. He has a net worth of $2.1 billion.

Is Morocco considered poor?

The living standards in Morocco is rated as low. It is by international standards that Morocco is considered a poor country. Global Finance Magazine has ranked it as one of the poorest countries in the world. A considerable number of Moroccans are living below the poverty line.

Is Morocco richer 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 $2.7T $117.9B
GDP growth, 1 year 7.1% 3.1%
GDP growth, 5-years average 7.6% 3.1%
Population 1.3B 36M

What is the main religion in Morocco?

According to the Moroccan constitution, Islam is the religion of the state, and the state guarantees freedom of thought, expression, and assembly.

What are 5 interesting facts about Morocco?

The Best Facts about Morocco

  • Morocco in Arabic is Al Maghreb which means the place where the sun sets.
  • It borders two seas.
  • It is only 8 miles from Europe.
  • There are no camels in Morocco only dromedaries.
  • Berbers make up around 40% of the population.
  • The best rapper in the country is called Muslim. …
  • Morocco is a Muslim country.
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Who does Morocco trade with?

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%). Spain is also the main supplier (15.6%), ahead of France (12.2%), China (10.1%), the U.S. (7.4%) and Italy (5.4%).

How much money does Morocco make from exports?

In macroeconomic terms, Morocco’s total exported goods represent 10.2% of its overall Gross Domestic Product for 2020 ($274 billion valued in Purchasing Power Parity US dollars). That 10.2% for exports to overall GDP in PPP for 2020 compares to 8.9% for 2019.

Who is the richest person in Morocco?

Richest People in Morocco

  • Othman Benjelloun. $2.4 Billion. Othman Benjelloun net worth: Othman Benjelloun is a Moroccan businessman who has a net worth of $2.4 billion. …
  • King of Morocco. $2.1 Billion. …
  • Aziz Akhannouch. $1.7 Billion. …
  • Miloud Chaabi. $1.3 Billion. …
  • Anas Sefrioui. $1.1 Billion. …
  • King Hassan II. $1 Billion.

How many wives does King of Morocco have?

The king has declared that he will have only one wife, and he and his bride were married in an unprecedented public wedding. As both the head of government and religion, Mohammed VI has issued a decree that Moroccan men must limit themselves to two wives, down from the traditional limit of four.

Is there gold in Morocco?

Morocco, although it contains no oil in its bosom, is nonetheless rich in such minerals as tin, gold and diamonds which are available in large deposits present in this country. … As for gold, the Sahara Desert is one of the regions of Morocco, which has a great mining potential for this metal.

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Across the Sahara