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What does Morocco produce the most of?

What does Morocco produce the most of?

The three leading exports are agricultural produce (citrus fruits and market vegetables), semiprocessed goods and consumer goods (including textiles), and phosphates and phosphate products. Major imports are semimanufactures and industrial equipment, crude oil, and food commodities.

What is the main industry in Morocco?

Morocco has a relatively small amount of mineral resources, phosphates being its main source of wealth. Industry contributes 25.3% of the GDP and employs 22% of the workforce. The main sectors are textiles, leather goods, food processing, oil refining and electronic assembly.

What resources does Morocco produce?

In addition to phosphates, Morocco has sizeable reserves of iron, zinc, lead, copper, fluorine, silver, manganese, salt, cobalt and gold. Excluding valorisation, Morocco produced 126,000 tonnes of copper, 102,000 tonnes of zinc, 100,000 tonnes of iron and 99,000 tonnes of manganese in 2017, according to ONHYM.

Why is Morocco a poor country?

Poverty in the country is associated with three factors. They are illiteracy, financial inequality, and economic volatility. All these elements contributed to the slow economic development of Morocco. It leaves almost nine million of its population on the poverty line.

What kind of economy does Morocco have in the world?

Morocco is the world’s third-largest producer of phosphates (after the United States and China ), and the price fluctuations of phosphates on the international market greatly influence Morocco’s economy. Tourism and workers’ remittances have played a critical role since independence.

What kind of products are produced in Morocco?

Morocco also produces a significant amount of illicit hashish, much of which is shipped to Western Europe. Livestock are raised and forests yield cork, cabinet wood, and building materials. Part of the maritime population fishes for its livelihood.

How much hashish is produced in Morocco each year?

Morocco’s 2010 production was 760 tons of cannabis resin. In 2003, 70% of Europe’s hashish consumed was produced in Morocco. In traditional production, cannabis stalks are cut from the field in autumn and stored indoors to dry for a month.

Where does Morocco get most of its minerals from?

That gives the North African country a near-monopoly on the multibillion-dollar global trade of the mineral mined from phosphate rock, with clients on every continent. But Zbeir and others say a good portion of Morocco’s product — about a sixth — comes from land that isn’t theirs.

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