New information emerged from the General Administration of Customs in the People’s Republic of China related to the trade between Morocco and China during the year 2022. Moroccan exports to China reached an all-time high of $910 US million dollars ($909,513,488 USD) with an annual increase of 9.41% against 824 million dollars (823,967,026 USD).
The exports of electrical equipment and accessories ranked first and increased from $300 million (300.287.073 USD) in 2021 to $526 million (526,169,529 USD), accounting for 75.85% of the total exports. The exported goods consisted mainly of integrated circuits, electrical control boards and conductors and amounted 249 million dollars (249,373,660 USD) and transistors, which reached 149 million dollars (194,427,101 USD).
Mineral and metal products exports ranked second maintaining a steady growth from 240 million US dollars (238,894.895 USD) in 2021 to $245 million dollars (245,117,323 USD), representing 26.95% of total exports. Copper products led with a value of $56 million (55,845,794 USD), followed by Zinc ore with $51 million (50,876,326 USD), copper-zinc alloy (23,879,121 USD), copper anodes for electrolytic refining (23,392,602 USD), Silver ore (14,882,243 USD), Lead ore (14,071,287 USD), Copper scrap (12,059,735 USD), aluminum alloy (9,901,176 USD) and Manganese ore (9,770,190 USD).
Textile, accessories and leather products ranked third with a value of $76.28 million ($76,279,940), accounting for 15.54% of the total exports. Women’s clothing earned $26.50 million (56,503,901 USD) and men’s clothing $10.78 million (10.788.673). USD), while leather exports generated $1.95 million (1,957,971 USD).
The volume of Moroccan agricultural exports slightly increased from $31.95 million ($31,955.553) in 2021 to $32.19 million (32,192,044) in 2022, counting for only 3.88% of the total exports. As for the fish oil tops the of agricultural exports, with a value of $17.78 million ($17,782,141), followed by frozen strawberries, oranges and other fruits and vegetables with a value of $7.63 million ($7,629.597), frozen Atlantic bluefin tuna, cuttlefish and other fish and seafood with a value of $5.81 million (5,810,951).
It is obvious that this achievement is the result of the vision of His Majesty King Mohammed VI, may God assist him, and the intensive and continuous work of the Moroccan political and economic actors in attracting industrial investments. Indeed, theses exports results are due to the fact that many international companies, among them some Chinese companies, have chosen the Kingdom of Morocco to install their production units and, in some cases, export to China. In addition to this, with the development of the Belt & Road initiative and the proactive approach of the Moroccan government to attract Chinese investors, this trend is expected to grow in the coming years.
For a non-oil developing country, Morocco’s diversified economy is making steady progress in ensuring its products are present in the world’s largest market, and further efforts are needed at various levels to better explore the opportunities that the Chinese market offers.
- the author of this article is the President of the Africa-China Cooperation Association for Development.
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