# Morocco’s Exports of Phosphate, Derivatives Hit $10.6 Billion in November 2022

> Morocco's phosphate and derivative exports reached $10.6 billion (MAD 108 billion) by the end of November 2022, up 54.8% year on year, according to the DEPF economic report for January 2023. Phosphate rock sales abroad were $1.2 billion, while derivative shipments rose 54.7%. Extractive-sector turnover fell 7.7% over the first nine months of 2022 as phosphate rock output declined.

- Date: 2023-01-24 · published 2023-01-24T12:00:00.000Z
- Category: report · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/38124-morocco-s-exports-of-phosphate-derivatives-hit-10-6-billion-in-november-2022
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

The strong export value reflects high phosphate fertiliser prices, which raise input costs for feed-grain and oilseed producers. The falling rock output points to tighter Moroccan supply, which supports phosphate prices.

## Read by commodity

- PHOSROCK: bullish ▲

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2023/01/37003/moroccos-exports-of-phosphate-derivatives-hit-10-6-billion-in-november-2022/

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