Morocco - Imports and Exports

Imports and Exports

Farmers in Morocco’s fertile coastal plains grow sugar beets, grains, fruits, and vegetables in order to sell in Europe. Morocco’s major export is foods, all kinds of food, from nuts to meat to fruits. Many farmer raise livestock, mainly sheep. Although Morocco is rich in foods one of their major imports are manufactured goods, which may contain foods. They may also contain cloths, school supplies, etc.

Moroccan trade is still dominated by its main import and export partner France, although France's share in Moroccan trade is declining, in favour of the US, the Gulf Region and China. If seen as a single entity, the EU is by far Morocco's largest trading partner. In recent years, Morocco has reduced its dependence on phosphate exports, emerging as an exporter of manufactured and agricultural products, and as a growing tourism destination. However, its competitiveness in basic manufactured goods, such as textiles, is hampered by low labour productivity and high wages. Morocco is dependent on imported fuel and its food import requirement can rise substantially in drought years, as in 2007. Although Morocco runs a structural trade deficit, this is typically offset by substantial services earnings from tourism and large remittance inflows from the diaspora, and the country normally runs a small current-account surplus.

Read more about this topic:  Morocco

Other articles related to "imports and exports, export, imports, exports":

Chartalism - The Foreign Sector - Imports and Exports
... MMT analyses imports and exports within the framework of horizontal transactions ... It argues that an export represents a desire on behalf of the exporting nation to obtain the national currency of the importing nation ... MMT concludes that imports are therefore an economic benefit to the importing nation because they provide the nation with real goods it can consume ...
Foreign Trade Of The United States - Imports and Exports
... Proportions Proportion of US exports to imports 1960–2004 U.S ... exports of goods and services 1960–2004 U.S ... imports of goods and services 1960–2004 Imports and exports by country US exports in 2006 US exports of goods by country in 2004 (does not include exports of services) US imports of goods by ...

Famous quotes containing the word imports:

    French rhetorical models are too narrow for the English tradition. Most pernicious of French imports is the notion that there is no person behind a text. Is there anything more affected, aggressive, and relentlessly concrete than a Parisan intellectual behind his/her turgid text? The Parisian is a provincial when he pretends to speak for the universe.
    Camille Paglia (b. 1947)