Morocco
Africa
Trade in Morocco
| Morocco was the world’s 65th largest exporter of goods and 45th largest exporter of commercial services in 2022. Export values were $41.48 billion and $21.98 billion USD respectively. Morocco’s top export category was Manufactures, followed by Machinery and transport equipment, and Chemicals. In 2022, Morocco’s main export destination markets for goods and services trade were to Spain, France and Italy, with trade representing 101.12 per cent of GDP. In terms of imports, Morocco is the world’s 51st largest importer of goods and 66th largest importer of commercial services. Import values were $71.81 billion and $10.75 billion USD respectively in 2022. Morocco’s top import category was Manufactures, followed by Fuels and mining products and Machinery and transport equipment. Leading import partners were Spain, China and France. Morocco is part of 9 different Regional Trade Agreements, including Agadir Agreement and EFTA – Morocco. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
|
|---|---|
Official Name |
Kingdom of Morocco |
Abbreviation |
MA |
Capital |
Rabat |
WTO Membership Date |
1 January 1995 |
Legal System |
mixed legal system of civil law based on French civil law and Islamic (sharia) law; judicial review of legislative acts by Constitutional Court |
Language |
Arabic |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
|
Currency |
Moroccan dirham |
|
Exchange Rate |
Google Finance Currencies |
|
GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
|
Contact InformationThis section includes contact information for business support organizations and national resources. |
|
|
Business Support Organizations |
|
|
Government MSME Agency |
|
|
Copyright Offices |
|
|
Industrial Property Offices |
|
|
SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
|
|
TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
|
|
Additional Information |
ePing alert |
Last Reviewed: June, 2024
Businesses & Entrepreneurs
Find a concise overview of key aspects of international trade for micro, small, and medium-sized enterprises with our Businesses & Entrepreneurs Guides.
Policymakers & Researchers
Find a concise overview of key aspects of trade and MSME-related policymaking with our dedicated library of Policymakers & Researchers Guides.
Resources related to Morocco
View ResourceMSMEs, value chains and trade development in Southern Africa Case studies from selected countries
This study analyzes how Southern African micro-, small, and medium sized enterprises (MSMEs) are using innovations and technologies to integrate themselves into value chains and better utilize trade agreements.
- View Resource
Free Trade Deal Boosts Africa’s Economic Development
A World Bank study, released in collaboration with the AfCFTA Secretariat, accounts for the additional benefits that would accrue from an increase in foreign direct investment (FDI) – both from within and outside of Africa – that the deal is expected to generate.
- View Resource
Trade Facilitation and Gender Dimensions in South Africa
To identify specific challenges that men and women face in cross-border trade and determine where further reforms can be made, the World Bank Group completed a study on Trade Facilitation and Gender Dimensions in South Africa. Traders, customs brokers and freight forwarders were interviewed.
