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2023
Flag → Flag
Exports $7.19MRnk 45 / 157
2023
Flag → Flag
Top Product $3.82MIndustrial Food Preperation Machinery
2023
Flag → Flag
Exports $54.7MRnk 72 / 187
2023
Flag → Flag
Top Product $41.2MFish Oil
2023
Flag
Economic Complexity (ECI) ECI -0.36Rnk 79 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
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GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
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 GDP$144BCURRENT US$
Rnk 60 / 195
2013-2023
Flag
GDP GROWTH24.8%CURRENT US$
Rnk 129 / 195
2023
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GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
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GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 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

Iceland-Morocco Trade: In 2023, Iceland exported $7.19M to Morocco. The main products that Iceland exported to Morocco were Industrial Food Preperation Machinery ($3.82M), Cheese ($1.52M), and Molluscs ($920k). Over the past 5 years the exports of Iceland to Morocco have increased at an annualized rate of 24.2%, from $2.43M in 2018 to $7.19M in 2023.

In 2019, Iceland exported services to Morocco worth $112k, with Travel ($112k) being the largest in terms of value.

Morocco-Iceland Trade: In 2023, Morocco exported $54.7M to Iceland. The main products that Morocco exported to Iceland were Fish Oil ($41.2M), Cars ($3.82M), and Other Fruits ($2.08M). Over the past 5 years the exports of Morocco to Iceland have increased at an annualized rate of 56.7%,  from $5.79M in 2018 to $54.7M in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $7.19M to Morocco. The main products exported from Iceland to Morocco were Industrial Food Preperation Machinery ($3.82M), Cheese ($1.52M), and Molluscs ($920k). During the last 5 years the exports of Iceland to Morocco have increased at an annualized rate of 24.2%, from $2.43M in 2018 to $7.19M in 2023.

In 2018, Morocco exported $54.7M to Iceland. The main products exported from Morocco to Iceland were Fish Oil ($41.2M), Cars ($3.82M), and Other Fruits ($2.08M). During the last 5 years the exports of Morocco to Iceland have increased at an annualized rate of 56.7%, from $5.79M in 2023 to $54.7M in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Morocco (Flag)

Iceland Exports

Morocco Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Morocco
Top DestinationSpain$9.8B

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

In 2023, countries that imported more from Iceland than Morocco included Netherlands ($1.97B), Norway ($444M), and Denmark ($228M).

In 2023, countries that imported more from Morocco than Iceland included Spain ($9.8B), France ($8.23B), and Italy ($2.18B).

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

Comparative Advantage Iceland - Morocco

Flow
Scale

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

During 2023, Iceland had a large net trade with Morocco in the exports of Machines ($3.87M), Animal Products ($2.48M), and Transportation ($723k).

During 2018, Morocco had a large net trade with Iceland in the exports of Animal and Vegetable Bi-Products ($41.2M), Transportation ($5.66M), and Vegetable Products ($3.3M).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Morocco (Flag) (2023)

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