Report on the development of intra-industry trade of Morocco

Expert Solution

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 8 months ago

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