Economic cooperation
Economic relations
Morocco and Britain have been trading partners for centuries and the two countries are rediscovering each: the two respective business communities are improving, every day, their mutual understanding. In fact, trade between the two countries has increased threefold during the past decade and the UK is one of Morocco’s main economic partners. Today, the UK is Morocco’s 4rd largest market after France and Spain.
Over the last ten years, trade between the Kingdom of Morocco and the United Kingdom has increased threefold and passed 800 million pounds during the last previous years.
Exports (into the UK): Clothing ; Phosphoric acid; Fertilisers and Chemicals ; agri-food ; fish and derived products, computer components...
Importations : Fabrics (synthétic and artificial fibers, Cotton yard, wool fabrics,) ; machineries ; Hydrocarbons ; appareils émetteurs radio ; désinfectants ; ouvrages en matières plastiques ; tractors ; paper et cartons ; médicines, vehicles, etc
Morocco-Great-Britain bilateral trade in figures (2000-2006 ; in Millions of MAD)
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 | 2007 | 2008 |
Exports |
7 559, 9 |
6647, 3 |
6 834 |
6 109,9 |
6 597,8 |
5 857 |
6 637 | 6 388,3 |
5277,6 |
Imports |
7 559, 3 |
6794, 6 |
6 415,3 |
5 355,8 |
5 181,1 |
4 126 |
4 304 | 7 108,9 |
8987,3 |
Total |
15 119, 2 |
13441, 9 |
13 249,3 |
11 465,7 |
11 778,9 |
10 941 |
10 941 | 13 497,2 |
14 264,9 |
Balance |
0, 6 |
-147, 3 |
418,7 |
754,1 |
1 416,7 |
1 773 |
2335 | -720,6 |
-3709,7 |
% |
100% |
97,8% |
106,5% |
114% |
127,3% |
143,4% |
154 % | 89,9% |
58,7% |
British Investment in Moroc
co (Périod 1996 -2006 ; in Millions MAD)
|
1996 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 | 2007 | 2008 |
GB Direct Investment |
|
|
|
|
286,56 |
356,0 |
244,4 |
454,9 |
451,6 |
905.8 | 2576,3 | 1208 |
GB Inv+FPL |
891,6 |
262 |
202,7 |
518,8 |
320,5 |
401,9 |
279,7 |
505,1 |
464,0 |
916,9 | 2603,3 | 1704,1 |
Total IFPL in Morocco |
4386 |
5448 |
18467 |
12647 |
33268 |
6811 |
23900 |
15 687 |
28 325 |
29 287,2 | 41 379,1 | 32525,8 |
% |
20,33 |
4,80 |
1,10 |
4,10 |
0,97 |
5,90 |
1,2 |
4,7 |
1.6 |
3.5 | 6,3 | 5,2 |
(IFPL = Investements and Foreign Private Loans)
Tourism receipts (Périod 1999-2006 ; in Millions of MAD)
|
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 | 2007 |
Tourism receipts |
834,7 |
1154,30 |
1157,7 |
1487,10 |
1857,00 |
1606,70 |
2426,8 |
3149,1 | 4659,4 |
Part in total |
4,4 % |
5,3% |
4,0% |
5,1% |
6,0% |
6,0% |
5,9% |
6,1% | 7,9% |
