Morocco

Morocco shipped 1.7 Mt of CBAM goods to the EU in 2025 (1.5 % of all CBAM imports, down 4 % on 2024). Most of the exposure comes from fertilisers. At default values the 2026 CBAM bill would be about €52.0 m, ranking it 30th of 152 countries.

1.7 MtEU imports, 2025
€1.01 bncustoms value
€52.0 mCBAM exposure 2026
€31/taverage per tonne

What it exports

Steel 1 %Aluminium 1 %Fertilisers 84 %Cement 13 %
SectorTonnes 2025ValueExposure 20262034
Fertilisers1.4 Mt€842 m€39.0 m€76.6 m
Iron and steel24 kt€85.9 m€6.5 m€11.0 m
Cement221 kt€12.1 m€5.7 m€20.2 m
Aluminium17 kt€74.7 m€744 k€1.1 m

Products with the largest exposure

Default value (2026, incl. mark-up) and CBAM benchmark in tCO₂e per tonne.

CN codeProductTonnesDefaultBenchmarkExposure
3105 20 10Mineral or chemical fertilisers containing phosphorus and potassium, with a nitrogen con… 252 kt1.1310.434€14.7 m
3105 30 00Diammonium hydrogenorthophosphate "diammonium phosphate" (excl. that in tablets or simil… 770 kt0.5560.339€14.3 m
2523 10 00Cement clinkers 205 kt0.9900.666€5.7 m
3105 40 00Ammonium dihydrogenorthophosphate "monoammonium phosphate", whether or not mixed with di… 249 kt0.3740.173€4.2 m
3105 51 00Mineral or chemical fertilisers containing nitrates and phosphates (excl. ammonium dihyd… 34 kt1.5350.548€2.8 m
7210 70 80Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, hot-rolled or c… other countries9 kt4.5111.491€2.3 m
3105 20 90Mineral or chemical fertilisers containing nitrogen, phosphorus and potassium, with a ni… 38 kt0.7780.319€1.5 m
3105 59 00Mineral or chemical fertilisers containing the two fertilising elements nitrogen (excl. … 57 kt0.6770.391€1.4 m
7326 90 40Pallets and similar platforms for handling goods, of iron or steel other countries3 kt4.4561.364€793 k
7308 90 98Structures and parts of structures of iron or steel, n.e.s. (excl. bridges and bridge-se… other countries2 kt5.5701.491€627 k
7326 90 98Articles of iron or steel, n.e.s. other countries2 kt4.5661.491€469 k
7210 49 00Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, hot-rolled or c… other countries2 kt4.5111.491€448 k

Outlook

Same 2025 volumes, same certificate price (€82.32), default values throughout.

€52.0 m2026 · 10 % mark-up, 97.5 % free allocation
€81.3 m2030 · 30 % mark-up, 51.5 % free allocation
€109 m2034 · free allocation ends

Where it sits on the map

CBAM exposure 2026, at default values over €1 bn €100 m – 1 bn €10 – 100 m €1 – 10 m under €1 m EU

Read more

Nearby in the ranking: Moldova, Thailand, Canada, Bosnia and Herzegovina.

Sources: Eurostat Comext (DS-045409), annual 2025; Implementing Regulations (EU) 2025/2621 and 2025/2620. See methodology.