Morocco is emerging as China’s preferred industrial platform to circumvent Western trade barriers. According to BMI-Fitch Solutions, the Kingdom has attracted nearly 50% of Chinese automotive investments recorded in the MENA region between 2023 and 2025.
The automotive industry now far surpasses phosphates and has become Morocco’s leading export sector. This performance was achieved after 10 years of considerable efforts made by the Moroccan government.
With $18 billion, Morocco is the second country after Indonesia in terms of foreign investments by Chinese companies specializing in green technologies, according to a report from Johns Hopkins University.
The allegations that Moroccan phosphate fertilizers are "naturally very high in cadmium" are false.
According to an investigation carried out by journalists in France, Moroccan phosphate would contain a harmful poison to health.
Morocco tops the list of countries with the largest phosphate reserves, with currently nearly 50 billion tons, or about 70% of global reserves. The kingdom is also the world’s leading exporter of phosphate fertilizers.
Morocco, one of the world’s leading phosphate producers, could greatly benefit from the decline in exports from China and Russia to dominate the European phosphate fertilizer (DAP) market.
The inflation rate in Morocco will continue its downward trend, but will not return to its pre-2022 level, the High Commission for Planning (HCP) said in a recent report, noting growth of +3.3% in the fourth quarter of 2023, compared to +2.8% in the third quarter.
The Moroccan automotive sector has experienced strong growth in its exports, reaching nearly 116.38 billion dirhams (MMDH) at the end of October 2023, according to the latest data from the Foreign Exchange Office.
Morocco holds 70% of the world’s phosphate reserves, a mineral used to produce food fertilizers. Enough to make the kingdom a guarantor of global food security.
A huge underground reserve of high-quality phosphorite has been discovered in Norway, becoming the largest deposit of its kind in the world, according to the company that exploits its resources. Morocco therefore has a serious competitor on the international level.
India intends to conclude agreements with Morocco to supply itself with fertilizers. A visit by Mansukh Mandaviya, Minister of Chemicals and Fertilizers, is scheduled soon for this purpose.