# Moroccan Phosphate Exports See Steep Decline to $4 Billion in 2023

> Morocco's Exchange Office reported phosphate and derivative exports fell 40.2% through July compared with a year earlier, to 40.8 billion dirhams (about $4 billion). Crude phosphate sales dropped 53% and phosphoric acid fell 46%, while Sharif Complex transactions declined 37% in the second quarter.

- Date: 2023-09-01 · published 2023-09-01T12:00:00.000Z
- Category: trade · region Morocco · magnitude medium
- Page: https://feedsoft.ai/events/34432-moroccan-phosphate-exports-see-steep-decline-to-4-billion-in-2023
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

A sharp drop in Moroccan phosphate exports signals reduced global phosphate supply availability, which tends to support fertilizer prices for DAP and related phosphate products.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-05-05 | [Moroccan Phosphate Exports Nearly Double, Reach $2.46 Billion in March](https://feedsoft.ai/events/41743-moroccan-phosphate-exports-nearly-double-reach-2-46-billion-in-march.md) | 0.0% | -12.2% |
| DAP | 2022-11-24 | [Morocco’s Phosphate and Derivative Exports Hit $8.63 Billion in September](https://feedsoft.ai/events/39008-morocco-s-phosphate-and-derivative-exports-hit-8-63-billion-in-september.md) | -3.8% | -8.3% |
| DAP | 2022-07-07 | [Morocco’s Phosphate Sales Doubled To Reach $4.70 Billion in May](https://feedsoft.ai/events/40816-morocco-s-phosphate-sales-doubled-to-reach-4-70-billion-in-may.md) | +5.0% | +0.3% |
| DAP | 2022-10-05 | [Phosphate Exports in Morocco Rose by A Record 68% in 2022](https://feedsoft.ai/events/39464-phosphate-exports-in-morocco-rose-by-a-record-68-in-2022.md) | -1.7% | -6.2% |
| DAP | 2021-08-23 | [OCP’s Phosphate Exports Increased by 23.8% in First Half of 2021](https://feedsoft.ai/events/45877-ocp-s-phosphate-exports-increased-by-23-8-in-first-half-of-2021.md) | +2.2% | +7.6% |

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2023/09/29829/moroccan-phosphate-exports-see-steep-decline-to-4-billion-in-2023/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.