2022
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GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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 GDP
$134BCURRENT US$
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2012-2022
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GDP GROWTH
25.5%CURRENT US$
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GDP PC 
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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2022
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GDP PC
$3,528CURRENT US$
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2012-2022
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GDP PC GROWTH
11.5%CURRENT US$
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About

Iceland-Morocco In 2022, Iceland exported $2.44M to Morocco. The main products that Iceland exported to Morocco are Molluscs ($972k), Scrap Iron ($956k), and Non-fillet Frozen Fish ($116k). During the last 27 years the exports of Iceland to Morocco have increased at an annualized rate of 15.5%, from $49.5k in 1995 to $2.44M in 2022.

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

Morocco-Iceland In 2022, Morocco exported $16.9M to Iceland. The main products that Morocco exported to Iceland were Fish oil ($4.49M), Passenger and Cargo Ships ($2.62M), and Other Fruits ($2.08M). During the last 27 years the exports of Morocco to Iceland have increased at an annualized rate of 14.8%, from $410k in 1995 to $16.9M in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Morocco ranked 76 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $2.44M to Morocco. The main products exported from Iceland to Morocco were Molluscs ($972k), Scrap Iron ($956k), and Non-fillet Frozen Fish ($116k). During the last 27 years the exports of Iceland to Morocco have increased at an annualized rate of 15.5%, from $49.5k in 1995 to $2.44M in 2022.

In 2022, Morocco exported $16.9M to Iceland. The main products exported from Morocco to Iceland were Fish oil ($4.49M), Passenger and Cargo Ships ($2.62M), and Other Fruits ($2.08M). During the last 27 years the exports of Morocco to Iceland have increased at an annualized rate of 14.8%, from $410k in 1995 to $16.9M in 2022.

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

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

Latest Data

Trade between Iceland (Flag) and Morocco (Flag)

Iceland Exports

Morocco Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Morocco
Top Destination
Spain$8.55B

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 2021, countries that imported more from Iceland than Morocco were Netherlands ($1.97B), Norway ($459M), and Denmark ($257M).

In 2021, countries that imported more from Morocco than Iceland were Spain ($8.55B), France ($7.92B), and India ($2.99B).

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

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 2022, Iceland had a large net trade with Morocco in the exports of Animal Products ($1.18M), Metals ($1.02M), and Machines ($81.6k).

During 2022, Morocco had a large net trade with Iceland in the exports of Transportation ($6.07M), Animal and Vegetable Bi-Products ($4.49M), and Vegetable Products ($2.91M).

Service Trade

Bilateral Service Trade

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

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Morocco (Flag) (2019)

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 Iceland has comparative advantage over Morocco. Similarly, the more yellow a dot/product is, the more Morocco has comparative advantage over Iceland.

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

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