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2023
Flag → Flag
Exports $11.7BRnk 8 / 220
2023
Flag → Flag
Top Product $1.79BRefined Petroleum
2023
Flag → Flag
Exports $9.8BRnk 1 / 187
2023
Flag → Flag
Top Product $2.26BInsulated Wire
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI -0.36Rnk 79 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$144BCURRENT US$
Rnk 60 / 195
2013-2023
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GDP GROWTH24.8%CURRENT US$
Rnk 129 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$3,771CURRENT US$
Rnk 134 / 196
2013-2023
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GDP PC GROWTH11.6%CURRENT US$
Rnk 128 / 195

About

Spain-Morocco Trade: In 2023, Spain exported $11.7B to Morocco. The main products that Spain exported to Morocco were Refined Petroleum ($1.79B), Motor vehicles; parts and accessories (8701 to 8705) ($697M), and Petroleum Gas ($437M). Over the past 5 years the exports of Spain to Morocco have increased at an annualized rate of 5.89%, from $8.76B in 2018 to $11.7B in 2023.

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 2023, Morocco exported $9.8B to Spain. The main products that Morocco exported to Spain were Insulated Wire ($2.26B), Non-Knit Women's Suits ($794M), and Motor vehicles; parts and accessories (8701 to 8705) ($562M). Over the past 5 years the exports of Morocco to Spain have increased at an annualized rate of 4.25%,  from $7.96B in 2018 to $9.8B in 2023.

In 2023, Morocco did not export any services to Spain.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €945M and imported €832M from Morocco, resulting in a positive trade balance of €113M. Between November 2023 and November 2024 the exports of Spain have decreased by €-62M (-6.16%) from €1.01B to €945M, while imports increased by €32.3M (4.04%) from €800M to €832M.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Sin provincia asignada (€128M), Barcelona (€118M), Valladolid (€91M), A Coruña (€74.6M), and Madrid (€71M), while imports destinations were mainly Sin provincia asignada (€112M), Zaragoza (€111M), Madrid (€101M), Barcelona (€92.1M), and Tarragona (€69.4M).

Growth In November 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 November 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 (November 2023 - November 2024)€-62M(-6.16%)
IMPORT GROWTH (November 2023 - November 2024)€32.3M(4.04%)
MAIN EXPORTER (November 2024)Sin provincia asignada€128M

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 2023, Spain exported $11.7B to Morocco. The main products exported from Spain to Morocco were Refined Petroleum ($1.79B), Motor vehicles; parts and accessories (8701 to 8705) ($697M), and Petroleum Gas ($437M). During the last 5 years the exports of Spain to Morocco have increased at an annualized rate of 5.89%, from $8.76B in 2018 to $11.7B in 2023.

In 2018, Morocco exported $9.8B to Spain. The main products exported from Morocco to Spain were Insulated Wire ($2.26B), Non-Knit Women's Suits ($794M), and Motor vehicles; parts and accessories (8701 to 8705) ($562M). During the last 5 years the exports of Morocco to Spain have increased at an annualized rate of 4.25%, from $7.96B in 2023 to $9.8B in 2018.

Exports from Spain (Flag) to Morocco (Flag) (2023)

Exports from Morocco (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Morocco
Top DestinationSpain$9.8B

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 2023, countries that imported more from Spain than Morocco included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

In 2023, countries that imported more from Morocco than Spain included Ethiopia ($677M), Djibouti ($539M), and Pakistan ($523M).

Difference in imports from Morocco (Flag) and Spain (Flag) (2023)

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 2023, Spain had a large net trade with Morocco in the exports of Mineral Products ($2.85B), Machines ($2.23B), and Metals ($1.3B).

During 2018, Morocco had a large net trade with Spain in the exports of Machines ($3.08B), Textiles ($2B), and Transportation ($1.28B).

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) (2023)

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