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France is Morocco's largest trading partner for both imports and exports, controlling more than 60% of foreign direct investment in Morocco. Morocco has emerged as a major cheap-labour platform for European manufacturers, as well as a commercial trans-shipment point for goods from all around the world passing through the Straits of Gibraltar.
The economy of Morocco is considered relatively liberal, governed by the law of supply and demand. Since 1993, in line with many Western world changes, Morocco has followed a policy of privatisation. [19] Morocco has become a major player in African economic affairs, [20] and is the 6th largest African economy by GDP (PPP).
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries in Africa are sorted according to data from the International Monetary Fund. [1]
Morocco's exports are mainly agriculture, and it is one of the largest exporters of phosphate in the world. In addition, Morocco has rich fishing waters, a tourist industry, and a small manufacturing sector.
More than 250 companies that manufacture cars or their components currently operate in Morocco, where the auto industry now accounts for 22% of gross domestic product and $14 billion in exports.
This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1 .
Exports of goods and services (US$ million) by country [1] Country Exports Year Top goods export (2021) [2] [needs update] China: 3,711,248 2024 Broadcasting equipment United States: 3,011,824 2024 Petroleum Germany: 2,104,251 2024 Cars France: 1,074,781 2024 Packaged Medications Netherlands: 1,051,679 2024 Petroleum Japan: 949,983 2023 Cars India
This is the list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.