Looking At Where Technology Stands In Moroccan Exports
Technological development is being seen as a key factor in improving a country’s productivity, competitiveness, and growth. Since the 1980s, the increase in technological innovations, along with the influx of new entrants into world markets, has exacerbated competition between economies. From now on, the position of any country in the world economy depends on its capacity to innovate and invent.
Faced with this new global economic environment, Morocco has embarked on a process of structural transformation in order to support its technological competitiveness, implementing appropriate sectoral policies and promoting of internationally oriented professions. These ambitious sectoral strategies have reinforced the emergence of growth-oriented businesses which, moreover, have contributed significantly to the modernization of the national industrial fabric and to the strengthening of the technological content of its exports.
From Morocco World News. Story by Chaima Lahsinia.
According to the DEFP, the technological content of Moroccan manufacturing exports has improved considerably over the last fifteen years, following their structural transformation.
“The share of the former has fallen by 22.4 percent to 37 percent in 2015, against 59.5 percent in 2000, in favor of the share of medium-high-tech second-hand which increased, continuously over the period by 28 percent, reaching 46.2 percent at the end of 2015, compared with 18.2 percent in 2000,” noted the DEPF in a recent publication on “The technological content of Morocco’s manufacturing exports: evolution and comparative analysis.”
According to the DEPF, which operates under the Ministry of Economy and Finance, the share of manufactured products with medium-high technology has increased from 23 percent on average over the period 2000-2007 to 40.7 percent over the 2008-2015 period, thus exceeding the world average which is establish at 34.4 percent.
This change was mainly due to the increase in the share of phosphate exports, from 11 percent of Morocco’s total exports to 17 percent between the two periods, as well as that of vehicles from 0 to 5 percent and electric appliances equipment from 6 to 11 percent, explained the DEPF, noting that Morocco’s market share of medium-high-tech products has doubled from 0.08 to 0.16 percent.
Read more at Morocco World News.