Xinhuanet
Source: Xinhua
Editor: xuxin
Morocco’s phosphate turnover registered 1.41 billion U.S. dollars in the first four months of 2017, an increase by 11.5 year-on-year, local media reported on Saturday.
The financial daily l’Economiste said this increase is the highest in five years, adding that the sector’s contribution in the country’s GDP raised from 16.2 percent to 17 percent year-on-year.
Citing official statistics, the daily noted that the highest increase was registered in fertilizers exports by 150 million U.S. dollars and crude phosphate by nearly 29 million U.S. dollars.
Morocco is one of the world largest phosphate producers. According to The United States Geological Survey, Morocco has the largest phosphate rock reserve base in the world, accounting for approximately 75 percent of worldwide estimates.
