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Pricing

2022
Flag → Flag
Exports $12.1BRnk 8 / 218
2022
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Top Product $1.81BRefined Petroleum
2022
Flag → Flag
Exports $8.55BRnk 1 / 186
2022
Flag → Flag
Top Product $1.55BInsulated Wire
2022
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Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
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Economic Complexity (ECI) ECI -0.29Rnk 76 / 124
2022
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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
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$3,528CURRENT US$
Rnk 127 / 186
2012-2022
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GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

Spain-Morocco In 2022, Spain exported $12.1B to Morocco. The main products that Spain exported to Morocco are Refined Petroleum ($1.81B), Motor vehicles; parts and accessories (8701 to 8705) ($703M), and Spark-Ignition Engines ($700M). During the last 27 years the exports of Spain to Morocco have increased at an annualized rate of 10.6%, from $806M in 1995 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 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). During the last 27 years the exports of Morocco to Spain have increased at an annualized rate of 10.5%, from $572M in 1995 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 0.8), and 20 in total exports ($394B). That same year, Morocco ranked 76 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €924M and imported €784M from Morocco, resulting in a positive trade balance of €140M. Between January 2023 and January 2024 the exports of Spain have decreased by €-42.4M (-4.39%) from €966M to €924M, while imports increased by €60.8M (8.42%) from €723M to €784M.

Trade In January 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 January 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 January 2024 the exports of Spain were mainly from Sin provincia asignada (€224M), Barcelona (€112M), Cádiz (€68.7M), A Coruña (€60.2M), and Madrid (€56.3M), while imports destinations were mainly Barcelona (€104M), Sin provincia asignada (€93M), Zaragoza (€89.7M), Madrid (€68.2M), and Pontevedra (€64.4M).

Growth In January 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 January 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-42.4M(-4.39%)
IMPORT GROWTH (January 2023 - January 2024)€60.8M(8.42%)
MAIN EXPORTER (January 2024)Sin provincia asignada€224M

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.

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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 27 years the exports of Spain to Morocco have increased at an annualized rate of 10.6%, from $806M in 1995 to $12.1B in 2022.

In 2022, 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 27 years the exports of Morocco to Spain have increased at an annualized rate of 10.5%, from $572M in 1995 to $8.55B in 2022.

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 2021, countries that imported more from Spain than Morocco were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Morocco than Spain were 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 2022, Morocco had a large net trade with Spain in the exports of Machines ($2.13B), Textiles ($2.07B), and Transportation ($1.27B).

Service Trade

Bilateral Service Trade

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

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Morocco (Flag) (2009)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Morocco. Similarly, the more yellow a dot/product is, the more Morocco has comparative advantage over Spain.

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

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