The Moroccan industrial sector has enjoyed strong growth, a trend that is likely to continue in the forthcoming years. The sector has been attracting huge foreign direct investment (FDI) and the government has announced several initiatives to improve the investment climate for the FIIs. The Moroccan government focuses on:
• Food processing activities
• Off-shoring activities
• Products from the sea
Morocco Industry Sectors
The annual contribution of Morocco’s industry sectors to the gross domestic product (GDP) fluctuates between 25 percent and 35 percent, based on the agriculture sector’s performance fo
r that year.
Morocco’s industrial production growth rate in 2010 was 1.9 percent, down from 5.8 percent in 2008. Morocco registered 5.5 percent growth in industrial activity in 2007. This marked a slight improvement from the 2006 level, when the sector saw 4.7 percent growth.
In 2010, agriculture contributed 14.7 percent of GDP, 38.9 from industry and 46.5 percent from services.
Morocco has 37 industries, of which the key ones are:
Mining: This sector is the largest foreign exchange earner in Morocco. It also accounts for 35 percent of foreign trade and roughly 6 percent of the country’s GDP. The country possesses 75 percent of the world's phosphate reserves and is the world’s leading exporter and third largest producer of this mineral. Morocco also has large deposits of antimony, anthracite, barite, copper, cobalt, fluorspar, lead, iron ore, manganese, silver, salt and zinc.
Textiles and Clothing: Textile is the major industry in Morocco. The industry’s leading client is the European Union (EU), with France importing 27.6 percent of ready-to-wear clothing, 46 percent of hosiery and 28.5 percent of basic textiles produced by Morocco.
Manufacturing: The manufacturing sector produces light consumer goods, particularly foodstuffs, beverages, textiles and metals, and leather products. Heavy industry is confined to fertilizers, refining, automobile and tractor assembly, foundry work, asphalt and cement. Several processed agricultural products and consumer goods are manufactured specifically for local consumption. However, canned fish and fruit, wine, leather goods, textiles and traditional Moroccan handicrafts are exported. While the manufacturing sector currently accounts for roughly one-sixth of the GDP, its contribution to the economy is rising steadily.