Export of Goods Value from Morocco (1990-2023)

Export of Goods Value from Morocco (1990-2023)

Chart Details

Data Source: World Trade Organization (WTO)

Timeframe: 1990-2023

Country: Morocco

Published date: 2024

Note: Merchandise exports by product group – annual (Million US dollars), as defined by the World Trade Organization (WTO), measures the total value of goods exported from a country, categorized by specific product groups, and expressed in millions of U.S. dollars.

Key Takeaways

Morocco's export sector has shown consistent growth since 1990, with values increasing from USD 4.3 billion to over USD 41 billion in 2023. The early 2000s marked a transition as the country diversified beyond agriculture, focusing on phosphate mining and automotive manufacturing.

By 2021, exports surpassed USD 35 billion, reflecting Morocco's investments in renewable energy and free trade agreements with Europe. Recent growth highlights the country’s expanding automotive and electronics industries, positioning it as a competitive player in the Mediterranean trade corridor.

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