Moroccan agricultural production also consists of orange, tomatoes, potatoes, olives, and olive oil. High quality agricultural products are usually exported to Europe. Morocco produces enough food for domestic consumption except for grains, sugar, coffee and tea.
America’s Top 10 Exports Spacecraft and aircraft – $131 billion. Cars – $127 billion. Petroleum – $106 billion. Medical equipment – $83 billion. Plastics – $60 billion. Gems, precious metals, and coins – $58 billion. Pharmaceuticals – $47 billion. Organic chemicals – $39 billion.
The major resources of the Moroccan economy are agriculture, phosphate minerals, and tourism. Sales of fish and seafood are important as well. Industry and mining contribute about one-third of the annual GDP.
Economy of Rwanda
|Exports||$1.05 billion (2017 est.)|
|Export goods||coffee, tea, hides, tin ore|
|Main export partners||UAE 38.3% Kenya 15.1% Switzerland 9.9% Democratic Republic of the Congo 9.5% US 4.9% Singapore 4.5% (2017)|
|Imports||$1.922 billion (2017 est.)|
Today Gold Price in Morocco = 525.04 MAD per Gram. 10 Grams Gold Rate = 5,250.44 MAD.
Morocco is a country with a big wealth gap. Haggling and negotiating over the price is an integral part of the Moroccan market experience. However, Morocco is still relatively cheap for many things and can be considered a budget destination if you bear these points in mind.
Processed petroleum oils
Leading export countries worldwide China led the world in exports in 2019. China was followed by the United States, with exports valued at 1.64 trillion US dollars, and Germany, with exports valued at 1.49 trillion US dollars. The value of goods exported from China grew immensely between 2002 and 2014.
Searchable List of China’s Most Valuable Export Products
|Rank||China’s Export Product||2019 Value (US$)|
|1||Phone system devices including smartphones||$224,069,819,000|
|2||Computers, optical readers||$148,463,426,000|
|4||Processed petroleum oils||$38,345,208,000|
Geographical divides play a major role in Morocco’s poverty; of the 4 million people living in poverty in Morocco , 3 million reside in rural areas. Nearly 19 percent of Morocco’s population lives on less than $4 a day. Three factors impede Morocco’s development: illiteracy, financial inequality and economic volatility.
The king’s net worth has been estimated at between US$2.1 billion and over US$5 billion, and he is the richest king in Africa in 2014 according to the American business magazine Forbes. and he is the 5th richest king in the world.
Morocco’s economic freedom score is 63.3, making its economy the 78th freest in the 2020 Index. Its overall score has increased by 0.4 point, reflecting an improved score for property rights.
Coffee is Rwanda’s main export, accounting for 60% of the countries foreign exchange earnings . Tea accounts for about 30%. Rwanda has a small industrial sector that only employs about 3% of the population. Other than agricultural processing, there is also a brewery.
One reason why Rwanda is poor is its lack of natural resources — the nation is landlocked and contains a mostly rural and agrarian populace. Thirty-five percent of Rwandans practice subsistence farming and some of Rwanda’s main sources of income are through agricultural exports like coffee and tea.
Rwanda is the 19th poorest country in the world with a per capita income of around USD$700. Arsenal is one of the richest football clubs in the world. It’s not surprising therefore that the nearly USD$40 million has upset quite a few people.