On this page you will find beneficial information regarding foreign direct investment in / trading with Morocco. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Constitutional Monarchy
Population: 37.076 million (2021)
GDP: 142.9 billion USD (2021)
Corporate Tax Rate: 38%
Personal Income Tax Rate: 31%
Major Exports: Cars ($5.19B), Mixed Mineral or Chemical Fertilizers ($5.18B), Insulated Wire ($3.58B), Phosphoric Acid ($2.25B), and Non-Knit Women's Suits ($1.81B), exporting mostly to Spain ($8.53B), France ($7.9B), India ($2.1B), Brazil ($2.06B), and Italy ($2.01B).
Major Imports: Refined Petroleum ($5.02B), Cars ($2.12B), Motor vehicles; parts and accessories (8701 to 8705) ($1.92B), Petroleum Gas ($1.68B), and Wheat ($1.36B), importing mostly from Spain ($11.1B), China ($6.43B), France ($5.42B), Turkey ($3.14B), and United States ($3.01B).