THE EMBASSY KINGDOM OF MOROCCO BILATERAL RELATIONS MOROCCAN SAHARA COMMUNICATION SERVICES



   

Economic cooperation

Morocco and Britain have been trading partners for centuries and the two countries are rediscovering each other: 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.
Over the last ten years, trade between the Kingdom of Morocco and the United Kingdom has increased threefold from 1996 to 2006 and passed 1 billion pounds during 2008.  The world crisis has resulted in a decrease in trade between the two nations during 2009 but signs of recovery are perceived for 2010.

Exports (into the UK): Clothing; Phosphoric acid; Fertilisers and Chemicals; agro-food ; fish and seafood products, automotive components...
 Imports : Fabrics (synthetic and artificial fibers, Cotton yard, wool fabrics,) ; machineries ; Hydrocarbons ; Radio transmitters ; disinfectants ;  plastic products ; tractors ; paper and cartons ; medicines, vehicles, etc.
NB: figures below for year 2009 are not final if available.

64  Morocco-UK bilateral trade in figures (2001-2009; in Millions of MAD)

 

2001

2002

2003

2004

2005

2006

2007

2008

2009

Exports

    6647, 3

    6 834,0

  6 109,9

   6 597,8

     5 857

       6 637

   6 388,3

     5 349,6

    3 672, 0

Imports

    6794, 6

    6 415,3

  5 355,8

   5 181,1

     4 126

       4 304

  7 108,9

     9 035,0

    5 123, 0

Total

  13441, 9

  13 249,3

11 465,7

 11 778,9

   10 941

     10 941

 13 497,2

   14 384,6

    8 795, 0

Balance

     -147, 3

       418,7

     754,1

   1 416,7

     1 773

        2335

    -720,6

    -3 686,4

   -1 451, 0

%

     97,8%

    106,5%

     114%

   127,3%

  143,4%

       154 %

   89,9%

       59,2%

      71,5%

Source : Ministry of Foreign Trade - Morocco
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       5   British Investment in Morocco (Period 2001-2009 in Millions of Dirhams)
Most investments from the UK come into Real estate, Tourism and Textiles.

 

  2001

   2002

   2003

   2004

   2005

    2006

    2007

     2008

   2009

GB Direct Investment

   286,56

    356,0

    244,4

    454,9

    451,6

     905.8

    2576,3

       1214

    1037,1

GB Inv+FPL

   320,50

    401,9

    279,7

    505,1

    464,0

     916,9

    2603,3

    1698,0

    1170,3

%

      0,97

      5,90

        1,2

        4,7

        1.6

         3.5

          6,3

          5,2

      20,33

Source: Office des Changes ( Moroccan Exchange Authority)
(IFPL = Investements and Foreign Private Loans)
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       4    Tourism receipts from UK (Period 2000-2008; in Millions of MAD)

  

   2000

   2001

    2002

     2003

    2004

    2005

   2006

   2007

   2008

British Tourists receipts

1154,30

1157,7

1487,10

1857,00

1606,70

      2426,8

   3149,1

    4659,4

   3517,9

Part in total

5,3%

4,0%

5,1%

6,0%

6,0%

5,9%

6,1%

7,9%

6,3 %

Source : Office des Changes (Moroccan exchange Authority)
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  • Remittances from the UK (période 2001-2009 ; in Millions DH)

 

 

    2001

    2002

    2003

   2004

    2005

   2006

   2007

   2008

   2009

MR-  UK

  1595,9

  1292,7

  1650,4

  1669,7

    1743

  1650,4

 2112,2

  1981,8

  1726,5

TRE

36858

31708

34582

37423

  40738

47858

 5000,7

53072,4

50224,1

%

      4,33

      4,08

        4,8

4,4

4,3

3,4

       3,8

        3,7

        3,4

MR-UK = Transfers by Moroccan residents in the UK.
TRE = Total Remittances to Morocco.

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Guide for investors in Morocco
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