Morocco
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: 37.46 million (2022)
GDP: 130.9 billion USD (2022)
Corporate Tax Rate: 32%
Personal Income Tax Rate: 38%
Major Exports: The top exports of Morocco are Mixed Mineral or Chemical Fertilizers ($7.06B), Cars ($6.1B), Insulated Wire ($4.21B), Phosphoric Acid ($2.29B), and Calcium Phosphates ($1.81B), exporting mostly to Spain ($8.55B), France ($7.92B), India ($2.99B), Italy ($2.2B), and Brazil ($1.96B). In 2022, Morocco was the world's biggest exporter of Phosphoric Acid ($2.29B), Calcium Phosphates ($1.81B), Phosphatic Fertilizers ($832M), and Legumes ($259M).
Major Imports: The top imports of Morocco are Refined Petroleum ($8.59B), Wheat ($2.32B), Petroleum Gas ($2.12B), Coal Briquettes ($2.07B), and Cars ($1.98B), importing mostly from Spain ($12.1B), France ($6.7B), China ($6.67B), United States ($4.34B), and Saudi Arabia ($4.18B). In 2022, Morocco was the world's biggest importer of Artificial Filament Yarn Woven Fabric ($91.7M).
Investment Agency: The Moroccan Investment and Export Development Agency
Website: https://www.morocconow.com/
National Chamber of Commerce: Chambre de Commerce, d'Industrie et de Services de Casablanca
Website: https://www.casablanca.cci.ma/
Customs Agency: Administration des Douanes et Impôts Indirects (ADII)
Website: http://www.douane.gov.ma/
