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Pricing

2022
Flag → Flag
Exports $1.27BRnk 43 / 222
2022
Flag → Flag
Top Product $376MCopper Wire
2022
Flag → Flag
Exports $808MRnk 13 / 186
2022
Flag → Flag
Top Product $309MPhosphoric Acid
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
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GDP GROWTH25.5%CURRENT US$
Rnk 109 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$3,528CURRENT US$
Rnk 127 / 186
2012-2022
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GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

Belgium-Morocco Trade: In 2022, Belgium exported $1.27B to Morocco. The main products that Belgium exported to Morocco were Copper Wire ($376M), Refined Petroleum ($53.1M), and Cars ($48.3M). Over the past 5 years the exports of Belgium to Morocco have increased at an annualized rate of 12.1%, from $715M in 2017 to $1.27B in 2022.

In 2020, Belgium exported services to Morocco worth $50.3M, with Transportation ($19.4M), Other business services ($17.1M), and Financial services ($4.57M) being the largest in terms of value.

Morocco-Belgium Trade: In 2022, Morocco exported $808M to Belgium. The main products that Morocco exported to Belgium were Phosphoric Acid ($309M), Cars ($199M), and Insulated Wire ($43.9M). Over the past 5 years the exports of Morocco to Belgium have increased at an annualized rate of 10.7%,  from $398M in 2017 to $808M in 2022.

In 2022, Morocco did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €128M and imported €62.4M from Morocco, resulting in a positive trade balance of €65.6M. Between July 2023 and July 2024 the exports of Belgium have increased by €67.3M (111%) from €60.7M to €128M, while imports increased by €32.4M (108%) from €30M to €62.4M.

Trade In July 2024, the top exports of Belgium to Morocco were Copper articles (€28.9M), Cars, tractors, trucks & parts thereof. (€13.7M), Electrical machinery and electronics (€8.95M), Plastics & articles thereof (€6.28M), and Machinery, mechanical appliances, & parts (€3.2M). In July 2024 the top imports of Belgium from Morocco were Inorganic chemicals (€14.6M), Cars, tractors, trucks & parts thereof. (€9.62M), Electrical machinery and electronics (€6.19M), Preparations of vegetables, fruit, nuts or... (€1.39M), and Non-knitted clothing accesories (€877k).

Growth In July 2024, the increase in Belgium's year-by-year exports to Morocco was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€9.4M or 221%), Electrical machinery and electronics (€1.71M or 23.6%), and Iron & steel (€1.65M or 257%). In July 2024, the increase in Belgium's year-by-year imports  from Morocco was explained primarily by an increase in product imports  in Electrical machinery and electronics (€1.75M or 39.3%), Man-made staple fibres (€665k or 1.88k%), and Preparations of vegetables, fruit, nuts or... (€623k or 81%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€67.3M(111%)
IMPORT GROWTH (July 2023 - July 2024)€32.4M(108%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Morocco and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Morocco and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1.27B to Morocco. The main products exported from Belgium to Morocco were Copper Wire ($376M), Refined Petroleum ($53.1M), and Cars ($48.3M). During the last 5 years the exports of Belgium to Morocco have increased at an annualized rate of 12.1%, from $715M in 2017 to $1.27B in 2022.

In 2017, Morocco exported $808M to Belgium. The main products exported from Morocco to Belgium were Phosphoric Acid ($309M), Cars ($199M), and Insulated Wire ($43.9M). During the last 5 years the exports of Morocco to Belgium have increased at an annualized rate of 10.7%, from $398M in 2022 to $808M in 2017.

Exports from Belgium (Flag) to Morocco (Flag) (2022)

Exports from Morocco (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Morocco
Top DestinationSpain$8.55B

This map shows whether countries import more from Belgium or Morocco. Each country is colored based on the difference in imports they receive from Belgium and Morocco or the difference in the growth in imports.

In 2022, countries that imported more from Belgium than Morocco included Germany ($91.9B), Netherlands ($65.7B), and France ($71.1B).

In 2022, countries that imported more from Morocco than Belgium included Bangladesh ($872M), Djibouti ($536M), and Pakistan ($840M).

Difference in imports from Morocco (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Morocco

Flow
Scale

This chart compares trade between Belgium and Morocco by product, considering products traded by both, Belgium and Morocco.

During 2022, Belgium had a large net trade with Morocco in the exports of Metals ($428M), Chemical Products ($177M), and Machines ($158M).

During 2017, Morocco had a large net trade with Belgium in the exports of Chemical Products ($357M), Transportation ($207M), and Machines ($56.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Morocco+$71.2MRefined Petroleum
Top Product Potential Morocco Belgium+$153MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Morocco. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Morocco. Similarly, a dot/product with the flag of Morocco indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Morocco (Flag) (2022)

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