Turkey-Morocco Economic and Trade Relations

Economy of Morocco (2017)

GDP (billion USD)

110,8

Inflation rate (%)

0,8

GDP growth rate (%)

4.4

Unemployment rate (%)

9,8

Population (million)

35,7

Export (fob-billion USD)

20,9

Population growth rate (%)

0,95

Import (cif-billion USD)

38,9

GDP per capita (USD)

3,103

Resource: Turkish Embassy in Morocco

Main trade partners: Spain, France, Brazil, China

Main export items : Electrical and electronic equipment, vehicles, jewelry and accessory
Main import items: Oil, electrical and electronic equipment, machinery

Bilateral Trade Statistics:

Years

2014

2015

2016

2017

2018

Export

1.407

1.338

1.470

1.661

1.990

Import

640

711

918

924

715

Volume

2.047

2.048

2.388

2.585

2.705

Balance

767

627

552

737

1.275

Resource: TUİK (million USD)

Main export items of Turkey: Iron and steel, textile products, vehicles
Main import items of Turkey: Vehicles, gold, gold plating, silver and base metal, inorganic chemicals, rare elements composites

Number of Moroccan visitors: 114.155 (2017)

Bilateral Cooperation Mechanisms:

- Joint Economic Commission Meetings: Turkish-Moroccan 9 th Joint Economic Commission was held on 2-3 March 2011, in Rabat.

- Joint Committee Meetings: Last meeting of the Joint Committee was held in May 2009.

- Business Council: Last meeting of the Turkish-Moroccan Business Council was held on 3-4 May 2012 in İstanbul, with the participation of 140 Turkish and 31 Moroccan firms.

- Business Forum: Last meeting of the Business Forum was held on 3 July 2013 in Rabat with also the participation of the Prime Minister of Turkey.