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Trade Profile

In this page: Foreign Trade in Figures | Trade Compliance | Standards

 

Foreign Trade in Figures

Morocco has an open economy. Trade represents over three-quarters of the GDP (2015). Morocco's main trade partners are France and Spain, followed by the United States and Italy. The country mainly imports crude oil, telecommunications equipment, wheat, gas and electricity. It mainly exports textiles, electrical components, fertilisers, citrus fruits and vegetables.

Morocco has a structurally negative trade balance, which continues to deplete its foreign exchange reserves. However in 2015, the deficit was reduced thanks to a decline in energy imports as energy expenditure decreased with the fall in oil prices (MAD 154.2 billion). In 2016, the trade deficit widened again (MAD 184 billion), with imports (especially capital goods) rising faster than exports. 


The authorities are trying to address the trade deficit through a series of sectoral plans: 'Emergence' for industry, 'Green Morocco' for agriculture and Morocco Export Plus, which aims to triple the volume of exported goods and services over the next ten years. Free trade agreements have been signed with the United States, Turkey, Tunisia, Egypt and Jordan. Morocco has also been strengthening its commercial integration with the European Union.

 
Foreign Trade Indicators 20112012201320142015
Imports of Goods (million USD) 44,27244,87245,19045,83237,514
Exports of Goods (million USD) 21,65421,44621,97223,82621,886
Imports of Services (million USD) 6,7136,5786,4187,6937,039
Exports of Services (million USD) 15,48614,94713,93515,22313,746
Imports of Goods and Services (Annual % Change) 9.13.3-0.13.3-3.1
Exports of Goods and Services (Annual % Change) 5.62.7-0.08.46.0
Imports of Goods and Services (in % of GDP) 48.750.247.246.842.1
Exports of Goods and Services (in % of GDP) 34.734.932.834.334.3
Trade Balance (million USD) -21,387-21,885-21,592-20,687-14,688
Foreign Trade (in % of GDP) 83.485.180.081.276.4

Source: World Trade Organisation (WTO) - 2016; World Bank - 2016

 

Main Partner Countries

Main Customers
(% of Exports)
2016
Spain 23.3%
France 21.1%
Italy 4.6%
United States 3.5%
India 3.3%
Turkey 3.3%
United Kingdom 2.9%
Germany 2.8%
Brazil 2.6%
Netherlands 2.2%
Main Suppliers
(% of Imports)
2016
Spain 15.7%
France 13.2%
China 9.1%
United States 6.4%
Germany 5.9%
Italy 5.4%
Turkey 4.4%
Portugal 2.9%
Russia 2.4%
Saudi Arabia 1.9%

Source: Comtrade, 2015

 

Main Products

22.9 bn USD of products exported in 2016
Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 12.9%
Insulated incl. enamelled or anodised wire, cable incl. coaxial cable and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made-up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors 10.8%
Mineral or chemical fertilizers containing two or three of the fertilizing elements nitrogen, phosphorus and potassium; other fertilizers (excl. pure animal or vegetable fertilizers or mineral or chemical nitrogenous, phosphatic or potassic fertilizers); animal, vegetable, mineral or chemical fertilizers in tablets or similar forms or in packages of a gross weight of <= 10 kg 8.0%
Diphosphorus pentaoxide; phosphoric acid; polyphosphoric acids, whether or not chemically defined 5.0%
Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (excl. knitted or crocheted, wind-jackets and similar articles, slips, petticoats and panties, track suits, ski suits and swimwear) 4.4%
Natural calcium phosphates and natural aluminium calcium phosphates, natural and phosphatic chalk 3.3%
Molluscs, fit for human consumption, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine, incl. aquatic invertebrates (other than crustaceans and molluscs); flours, meals and pellets of aquatic invertebrates other than crustaceans, fit for human consumption 3.3%
Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs 2.7%
Tomatoes, fresh or chilled 2.2%
Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits, e.g., switches, relays, fuses, surge suppressors, plugs, sockets, lamp-holders and junction boxes, for a voltage <= 1.000 v (excl. control desks, cabinets, panels etc. of heading 8537) 2.0%
41.7 bn USD of products imported in 2016
Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 8.5%
Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 4.8%
Wheat and meslin 3.1%
Petroleum gas and other gaseous hydrocarbons 2.7%
Insulated incl. enamelled or anodised wire, cable incl. coaxial cable and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made-up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors 2.7%
Bodies, incl. cabs, for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705 2.6%
Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 1.4%
Cane or beet sugar and chemically pure sucrose, in solid form 1.1%
Sulphur of all kinds (excl. sublimed sulphur, precipitated sulphur and colloidal sulphur) 1.1%
Coal; briquettes, ovoids and similar solid fuels manufactured from coal 1.1%

Source: Comtrade, 2015

 
 
 

Main Services

13.2 bn USD of services exported in 2015
Travel
47.49%
Transportation
20.61%
Other business services
10.62%
Communications services
7.12%
Government services
4.33%
Construction services
4.17%
Computer and information services
3.83%
Insurance services
0.87%
Cultural and recreational services
0.54%
Financial services
0.40%
Royalties and license fees
0.03%
7.7 bn USD of services imported in 2015
Transportation
38.91%
Travel
18.15%
Other business services
17.29%
Government services
12.03%
Construction services
7.82%
Computer and information services
1.45%
Royalties and license fees
1.24%
Communications services
1.21%
Insurance services
0.86%
Financial services
0.62%
Cultural and recreational services
0.43%

Source: United Nations Statistics Division, Last Available Data

 

Exchange Rate System

Local Currency
Moroccan Dirham (MAD)
Exchange Rate Regime
From fixed to a basket of currencies
Level of Currency Instability
Weak
 
 
Monetary Indicators 20112012201320142015
Moroccan Dirham (MAD) - Average Annual Exchange Rate For 1 USD 8.098.638.418.419.76

Source: World Bank - 2016.

 
 

Trade Compliance

International Conventions
Member of World Trade Organisation
Party to the Kyoto Protocol
Party to the Washington Convention on International Trade in Endangered Species of Wild Fauna and Flora
Party to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal
Main International Economic Cooperation
Free Trade Agreement with the United States since 2005
Free Trade Agreement with the European Union since 2004.
In December 2009, Morocco and the EU signed an agreement to liberalize their trade in agri-food and fisheries. The agreement involved the removal of tariffs for 55% of total imports from Morocco.
The country is also part of the Greater Arab Free Trade Area(GAFTA), a pact of the Arab League entered into force in January 2005 which aims to form an Arabic free trade area.
The country has signed a trade agreement with 21 other countries in the São Paulo Round of the Global System of Trade Preferences among Developing Countries (GSTP).
Party of the ATA Convention on Temporary Admissions and Use of the Carnets
Yes

As a Reminder, the ATA is a System Allowing the Free Movement of Goods Across Frontiers and Their Temporary Admission Into a Customs Territory With Relief From Duties and Taxes. The Goods Are Covered By a Single Document Known as the ATA Carnet That is Secured By an International Guarantee System.
Look Up the Other Member Countries And Read the Web Pages of the World Customs Organization Devoted to the ATA Carnet.
Party of the TIR Convention
Yes

As a Reminder, the TIR Convention and its Transit Regime Contribute to the Facilitation of International Transport, Especially International Road Transport, Not Only in Europe and the Middle East, But Also in Other Parts of the World, Such as Africa and Latin America.
The UNCTAD Website Allows You to Read the TIR Convention, See the List of Member Countries And to Find Further Information.
Accompanying Documents For Imports
Goods dispatched to Morocco must be accompanied by the following documents:
- the unique data folder
- commercial invoice in triplicates.
- a plant health certificate for fruits and vegetables
- a sanitary certificate, a radioactive non-contamination certificate and a slaughtering certificate according to Islamic rites for meats
- EUR1 Form to benefit preferential rates reserved for the European Union
- transport documents and the packing list
Free Zones
Numerous free zones are found in Morocco, the most important being in Tangier (as also in Casablanca, Rabat, Agadir, Marrakech, Laâyoune and Dakhla).
Companies located in this zone are entitled to important tax cuts, as well as tax exemption on exported products.
For Further Information
Customs and Excise and Indirect Taxes Service (only in French)
Moroccan Center for Export Promotion in French.
Non Tariff Barriers
Pursuant to provisions of article 1 of the law no. 13-89 relating to foreign trade, goods are free to import. However, there are quantitative restrictions on imports relating to certain particular products such as powders and explosives, secondhand clothes or the retreads and used tyres, which require import licenses. The list of goods subject to quantitative restriction is available on the Ministry of Foreign Trade Website.
Sectors or Products For Which Commercial Disagreements Have Been Registered With the WTO
None
Assessment of Commercial Policy
Morocco’s commercial policy, as seen by the WTO
Barriers to exchanges, inventoried by the United States
Barriers to exchanges, inventoried by the EU

Learn more about How to Export to Morocco on Globaltrade.net, the Directory for International Trade Service Providers.

 

Standards

National Standards Organisations
Morocco Overview The Moroccan Industrial Standardization
Integration in the International Standards Network
 Member of the International Organisation for Standardisation (ISO).
Obligation to Use Standards
Voluntary
Classification of Standards
For standards of national origin: NM + business sector + sub-sector + index of classification - then possibly the year
For standards depicting international standards: NM + ISO + the ISO standard number - then possibly the year
Assessment of the System of Standardization
Standardisation is a recent activity in Morocco. Excepting few export businesses, managers do not practice it.
Standards production has nevertheless soared during these last years: there were 5,778 standards in end 2005 against 926 ten years earlier. They are particularly concentrated in the Building and Public Works sector. The responsible body for standard wants to increase the number of certified product norms by 15 to 20% within the next three years.
The standards are inspired generally from French standards and are largely reconciled with international standards.
Online Consultation of Standards
Online Standards, the SNIMAc catalog
Certification Organisations
Morocco Overview The Moroccan Industrial Standardization

 

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Last Updates: June 2017