morocco export partners

In the marketing year 2019/2020, the European Union (EU) and Russia were the main orange export-trade partners of Morocco. The top import origins are Spain ($9B), France ($4.64B), China ($3.14B), Germany ($2.34B) and Italy ($2.11B). Morocco Export partners - Bolivia. What you export matters: Assessing export composition 3. The implementation of this project requires the necessary regulatory approvals. The inclusion of basic and consultation are free. Morocco Trade Statistics. We offer trade promotion assistance to U.S. companies through a range of services and programs. In terms of total intra-Africa trade (exports + imports) the main African trading partners are Algeria (21% of total intra-Africa trade), Egypt (15%), Tunisia (9%) and Senegal (5%). The EU imported the citrus fruit from Morocco at a … Home. About: Dear Sirs , Worldwide Partner Company is a leading Moroccan Export Group . According to Mehadrin, the project in Morocco could yield a quarter of the company’s overall avocado production. Details may not equal totals due to rounding. Get a Quote. GDP - Official Exchange Rate. Spain came out on top importing to Morocco 51.673 billion dirhams in goods, where Morocco exported almost 44 billion dirhams into the Iberian nation. Morocco imports crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics. 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%). Three Moroccan regional banks rank among Forbes Global 2000, namely: Attijariwafa Bank; Banque Centrale Populaire; BMCE Bank; Wikipedia lists some exports-related companies headquartered in Morocco. Kerix-export.net is a satellite of Kerix.net Economic Complexity and subsequent growth 4. The econometric analysis of the impact of customs duties between Morocco and African countries on trade and a Moroccan Export Companies. Morocco exports: • Clothing and textiles • Transistors and Electric components • … Morocco’s main trade is importing and exporting. Morocco Trade, Exports and Imports Morocco’s trade was drastically affected by the global recession. Despite good progress in terms of export development, and Moroccan authorities drive to use exports as a real engine of economic growth and job creation, Moroccan external trade still suffers from a structural growing deficit, a relatively high trade concentration and low value-added exports, The total exports covers less than 50 % of the imports and France remains the first client of Morocco with about 22 % of the total exports. Top 10 Moroccan Imports from Spain Spain's exports to Morocco … Electricity production, consumption, imports and exports. Read more Morocco: Main export partners in 2019 Also of growing importance to the economy are modern sectors, particularly tourism and telecommunications. Goods exports totaled $3.5 billion; goods imports totaled $1.6 billion. The EU is Morocco’s leading trade partner. Its main imports partners are: France, Spain, China, Italy, Germany, United States and Saudi Arabia. Morocco exported most of its eggplants to Mauritania, Spain, and France for a total of 4,010 tons in 2020. Rabat – New statistics confirm that Spain remains Morocco’s top trade partner… The U.S. Commercial Service at the U.S. Consulate Morocco is part of a global network of trade specialists dedicated to supporting U.S. commercial interests around the world. Electricity production, consumption, imports and exports. Altogether, the modern portion accounts for more than two-thirds of gross domestic product (GDP), even though it employs only … The Agreement is based on the principle of free trade in fish but allows Morocco to maintain, for a certain number of products, customs duties on imports or charges having equivalent effect during various transitional periods as defined in Annex II to the Agreement. Since its entry into force, Moroccan exports to the United States have more than doubled, and U.S. exports to Morocco have more than quadrupled. The key objective of the trade partnership is the creation of a deep Euro-Mediterranean Free Trade Area, which aims at removing barriers to trade and investment between both the EU and Southern Mediterranean countries and between the Southern Mediterranean countries themselves. Morocco services export is 18,541,094,405 in BoP, current US$ 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%. Mehadrin and its Moroccan partner expect annual output to reach 10,000 tons of avocado to be exported mostly to the European market. Explore Visualizations Monthly Trade Two first projects were announced in the declaration of intent. The Government of Morocco and the World Bank Group are launching today their new Country Partnership Framework (CPF). Trade between Morocco and sub-Saharan Africa has been on an upward trend since 2009, with an annual growth of 12.8% between 2000 and 2015.1 However, sub-Saharan Africa’s share of Morocco's external trade remains low in comparison with its other partners, such as the Table reflects only those months for which there was trade. Introduction 2. Morocco main exports partners are European Union countries with Spain, France and Italy being the most important. Morocco's ambassador to Germany, Zohour Alaoui, and the German Federal Minister for Economic Cooperation and Development, Gerd Müller, have recently signed a partnership agreement in Berlin, the capital of Germany, to develop the production of green hydrogen in Morocco. Selected examples are shown below. 1999 : U.S. trade in goods with Morocco. Sub-Saharan Africa’s exports to Morocco mainly comprise coal (15. External Debt (Percentage of GDP) External Debt (Total) External Debt per Capita. 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%). As the Kingdom embarks in a new generation of reforms to meet its development objectives, the 2019-2024 CPF looks into the country’s challenges and opportunities to help Morocco reach its full development potential and meet the aspirations of its population. In 2017, the most important export partner of Morocco was Spain, with a share of 23.2 percent of all exports. E-xportmorocco, the showcase of Morocco’s exportable offer. The total share of Moroccan exports to the EU is 56 %, and its share in imports is 47.3 %. Morocco … NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. External Debt Stocks (Percentage of GNI) Fixed broadband Internet subscribers. Global Insights ... View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. Morocco main exports partners are European Union countries with Spain, France and Italy being the most important. 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. In 2012, the EU imported goods from Morocco worth just over €9 billion and exported almost €7 billion worth to Morocco. Kerix-export.net is a Moroccan platform B2B relationship development and market analysis for product and service exporters of Morocco. According to moroccoworldnews.com ¸ US eggplant imports represents 15.5% of … While exports totaled $20.17 billion in 2008, they were reduced to $15.61 billion in 2010. we exports Fruit and Vegetables to markets such as Europe, North America, Russia and Scandinavia. Akwa Group (oil, gas) Compagnie Marocaine de Navigation (shipping) Laraki (automobiles) Morocco has already taken steps toward achieving its goal of partnering with Europe, with the announcement of the Morocco-Nigeria gas pipeline project in 2016, which will help position the Kingdom as a hub between the southern shore of the Mediterranean and energy exporting … our reputation is built on customer care and high quality produce. Morocco trade balance, exports and imports by country 2018 In 2018, Morocco major trading partner countries for exports were Spain, France, United States, Italy and India and for imports they were Spain, France, China, United States and Italy. globalEDGE - Your source for business knowledge Menu. Morocco also consults its trading partners through joint commissions established under bilateral, regional and multilateral agreements. the Moroccan market compared to all other world partners. GDP - Official Exchange Rate. External Debt (Percentage of GDP) External Debt (Total) External Debt per Capita. Products & Services; Activities; Contact; Events; Frequently Asked Questions Exports. Egypt, Morocco and Tunisia in the product space 5. This reference site more than 2,000 Moroccan companies classified by 1,200 products or services. HS Code Export USD$ (85) Electrical Machinery: $5,298,806,710 This statistic shows the main export partner countries for Morocco in 2017. Seventy percent of Moroccan exports to the European Union go to Spain and France. Chapter I - Structural transformation in Egypt, Morocco and Tunisia: A comparison with China, South Korea and Thailand - Ricardo Hausmann and Sebastián Bustos 1. Morocco - Morocco - Economy: As is true in many former African colonies, the Moroccan economy remains heavily dependent on the export of raw materials. Among the various free trade agreements that Morocco has ratified with its principal economic partners, are The Euro-Mediterranean free trade area agreement with the European Union with the objective of integrating the European Free Trade Association at the horizons of 2012; the Agadir Agreement, signed with Egypt, Jordan, and Tunisia, within the framework of the installation of the Greater Arab Free Trade Area; the US-Morocco … Welcome to the U.S. Commercial Service Morocco. The most common import partners for Oman are United Arab Emirates ($10.9B), China ($3.02B), Japan ($2.1B), India ($2.07B), and United States ($1.49B). Morocco is currently our 63rd largest goods trading partner with $5.1 billion in total (two way) goods trade during 2019. Morocco is the EU’s 21st biggest trade partner, representing 1% of the EU’s total trade in goods with the world in 2020. 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. France ranked second in 2014. Processed Agricultural Products. The top export destinations of Morocco are France ($5.57B), Spain ($5.46B), Germany ($1.16B), Italy ($1.13B) and the United States ($1.09B). Exports. Morocco borders Algeria, Western Sahara, Mauritania and Spain by land and Portugal by sea. Read more However the quality of the artsand crafts has worsened over the centuries and has been corrupted by modern techniques and chemical dyes. Compare Exports by Country United Nations Comtrade Database Export partners - Morocco… The U.S. goods trade surplus with Morocco was $1.9 billion in 2019. Morocco Trade Statistics. External Debt Stocks (Percentage of GNI) Fixed broadband Internet subscribers. In 2019, the most important export partner of Morocco was Spain, with a share of 23 percent of all exports. Explore Visualizations Monthly Trade European Union, Trade with Morocco Key Figures Indicator Unit Period Imports Exports Total trade Balance Last year Mio euros 2020 15,138 20,066 35,204 4,928 Rank as EU partner 2020 22 21 21 Share in EU trade % 2020 0.9 1.0 1.0 Annual growth rate % 2019 - 2020 -7.3 -13.9 Annual average growth rate % 2016 - 2020 4.6 0.2 8%), coffee (136%), animal feedstuffs (11.2%), spices (6.2%) and inorganic chemical products (4.7%). Over the past three decades, OCP has developed industrial partnerships with major customers among emerging countries (India and Brazil), in the form of joint ventures that allow for the processing of Moroccan phosphates in both Morocco and host countries (see appendix on the destination of Moroccan exports of phosphate and phosphate derivatives). The attempt to export the purely bilateral crisis between Morocco and Spain to the European Parliament is a “maneuver” that will not affect the Kingdom’s determination to defend its positions and its partnership with the European Union (EU), said on Tuesday the representatives of the parliamentary groups at the House of Representatives (lower house). Morocco mainly trades with those African countries that are members of AGADIR and PAFTA or the countries with which FTAs are in place. The most common import partners for Morocco are Spain ($9.28B), France ($5.42B), China ($4.47B), United States ($3.47B), and Germany ($2.57B).

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