Report on the development of intra-industry trade of Morocco

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Morocco is the 67th largest export economy in the world and the 99th most complex economy according to the Economic Complexity Index(ECI).In 2017, Morocco exported $24.9B and imported $37.4B resulting in a negative trade balance of $12.5B. In 2017 the GDP of Morocco was $109B and its GDP per capita was $8.22k.

The top exports of Morocco are Cars($2.62B), Mixed Mineral or Chemical Fertilizers ($1.7B), Insulated Wire ($1.53B), Non- Knit Women's Suits ($1.33B) and Phosphoric Acid ($1.01B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($3.13B), Cars ($1.81B), Petroleum Gas ($1.27B), Vehicle Parts (1.14B) and Wheat ($744M).

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).

Morocco borders Algeria, Western Sahara, Mauritania, and Spain by land and Portugal by sea.

Rahul Sunny answered 1 month ago

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