Morocco Art and Culture Business Main industries in Morocco are phosphate rock mining and processing, food processing, leather goods, textiles, selling of arts and crafts, construction, and tourism.
Importing and Exporting
Morocco’s main trade is importing and exporting. Although there are local arts and crafts found on every corner of the street, most of the locally produced arts and crafts are being exported to neighboring countries. However the qualities of the arts and crafts have worsened over the centuries of repetition and have been corrupted by modern techniques and chemical dyes. Morocco’s principal legal exports are clothing, fish (notably sardines), phosphates, fruit and vegetables. Cannabis though illegal, is also an important export.
Cannabis
Morocco has other sources of wealth, that doesn’t appear in official statistics. Cannabis is cultivated and until an alternative cash crop is found, it will continue to be so. You’ll certainly see and smell plenty of it being smoked around town, increasingly in joints rather than the traditional sebsi pipe.
Ferrying
There is also a lucrative business in ferrying would-be immigrants across the Straits to Spain, with money made in these ways being invested in apartments and other speculative ventures.
Oil
Morocco has an extensive infrastructure to support active oil and gas exploration and production industry. Major seaports, roadways, airports, pipelines and refineries are near large cities endowed with the usual European and North American style amenities. The downstream oil industry of Morocco is well developed. The country has 2 oil refineries with a total refining capacity of 150,000 barrels per day.
Phosphate
The strongest point of Moroccan industry is phosphate mining. Morocco houses approximately 2/3 of the world's phosphate reserves, put it in a higher league than its major competitors, China, Russia, and the United States. Although it employs only 2% of the population, phosphate mining is responsible for half of the nation's income.
In a nutshell the main industries in Morocco are phosphate rock mining and processing, food processing, leather goods, textiles, selling of arts and crafts, construction, and tourism.
Morocco’s main trading partners are France and Spain. Inflation stands at around 4 percent, and unemployment at around 19 percent.
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