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Pricing

2022
Flag → Flag
Exports $12.1BRnk 8 / 218
2022
Flag → Flag
Top Product $1.81BRefined Petroleum
2022
Flag → Flag
Exports $8.55BRnk 1 / 186
2022
Flag → Flag
Top Product $1.55BInsulated Wire
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

Spain-Morocco Trade: In 2022, Spain exported $12.1B to Morocco. The main products that Spain exported to Morocco were Refined Petroleum ($1.81B), Motor vehicles; parts and accessories (8701 to 8705) ($703M), and Spark-Ignition Engines ($700M). Over the past 5 years the exports of Spain to Morocco have increased at an annualized rate of 6.39%, from $8.9B in 2017 to $12.1B in 2022.

In 2009, Spain exported services to Morocco worth $860M, with Services not allocated ($575M) and Transportation ($285M) being the largest in terms of value.

Morocco-Spain Trade: In 2022, Morocco exported $8.55B to Spain. The main products that Morocco exported to Spain were Insulated Wire ($1.55B), Non-Knit Women's Suits ($847M), and Cars ($710M). Over the past 5 years the exports of Morocco to Spain have increased at an annualized rate of 3.02%,  from $6.94B in 2017 to $8.55B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €757M and imported €602M from Morocco, resulting in a positive trade balance of €155M. Between August 2023 and August 2024 the exports of Spain have decreased by €-107M (-12.4%) from €863M to €757M, while imports increased by €80M (15.3%) from €522M to €602M.

Trade In August 2024, the top exports of Spain to Morocco were Refined Petroleum (€95.8M), Spark-Ignition Engines (€85.8M), Motor vehicles; parts and accessories (8701... (€67.4M), Soybean Oil (€47.3M), and Plastic Lids (€27.8M). In August 2024 the top imports of Spain from Morocco were Insulated Wire (€166M), Molluscs (€85.8M), Motor vehicles; parts and accessories (8701... (€45.1M), Non-Knit Women's Suits (€38.1M), and Other Fruits (€34.1M).

Origins In August 2024 the exports of Spain were mainly from Sin provincia asignada (€132M), Barcelona (€93.4M), A Coruña (€72.4M), Madrid (€61.6M), and Murcia (€57.6M), while imports destinations were mainly Zaragoza (€96.2M), Madrid (€86.4M), Barcelona (€80.9M), A Coruña (€49M), and Pontevedra (€43.8M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Morocco was explained primarily by an decrease in product exports in Refined Petroleum (€-35.9M or -27.2%), Cars (€-13.8M or -40%), and Combustion Engines (€-11.9M or -65.4%). In August 2024, the increase in Spain's year-by-year imports  from Morocco was explained primarily by an increase in product imports  in Insulated Wire (€34.3M or 26.1%), Motor vehicles; parts and accessories (8701... (€15.8M or 53.9%), and Cars (€8.05M or 78.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-107M(-12.4%)
IMPORT GROWTH (August 2023 - August 2024)€80M(15.3%)
MAIN EXPORTER (August 2024)Sin provincia asignada€132M

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

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

For full datasets download visit Bulk Download page.

Explore Morocco and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $12.1B to Morocco. The main products exported from Spain to Morocco were Refined Petroleum ($1.81B), Motor vehicles; parts and accessories (8701 to 8705) ($703M), and Spark-Ignition Engines ($700M). During the last 5 years the exports of Spain to Morocco have increased at an annualized rate of 6.39%, from $8.9B in 2017 to $12.1B in 2022.

In 2017, Morocco exported $8.55B to Spain. The main products exported from Morocco to Spain were Insulated Wire ($1.55B), Non-Knit Women's Suits ($847M), and Cars ($710M). During the last 5 years the exports of Morocco to Spain have increased at an annualized rate of 3.02%, from $6.94B in 2022 to $8.55B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Morocco
Top DestinationSpain$8.55B

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

In 2022, countries that imported more from Spain than Morocco included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Morocco

Flow
Scale

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

During 2022, Spain had a large net trade with Morocco in the exports of Mineral Products ($2.71B), Machines ($2.25B), and Textiles ($1.34B).

During 2017, Morocco had a large net trade with Spain in the exports of Machines ($2.13B), Textiles ($2.07B), and Transportation ($1.27B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Morocco+$89.4MCars
Top Product Potential Morocco Spain+$202MCars

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 Spain and Morocco. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Morocco. Similarly, a dot/product with the flag of Morocco indicates it has a comparative advantage over Spain.

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

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