Morocco (MAR) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Morocco-Iceland Trade: 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). Over the past 5 years the exports of Morocco to Iceland have increased at an annualized rate of 29%, from $4.72M in 2017 to $16.9M in 2022.

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

Iceland-Morocco Trade: In 2022, Iceland exported $2.44M to Morocco. The main products that Iceland exported to Morocco were Molluscs ($972k), Scrap Iron ($956k), and Non-fillet Frozen Fish ($116k). Over the past 5 years the exports of Iceland to Morocco have decreased at an annualized rate of 12.6%, from $4.78M in 2017 to $2.44M in 2022.

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

Comparison In 2022, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 5 years the exports of Morocco to Iceland have increased at an annualized rate of 29%, from $4.72M in 2017 to $16.9M in 2022.

In 2017, 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 5 years the exports of Iceland to Morocco have decreased at an annualized rate of 12.6%, from $4.78M in 2022 to $2.44M in 2017.

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

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

Latest Data

Trade between Morocco () and Iceland ()

Morocco Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Morocco
Top DestinationSpain$8.55B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Morocco than Iceland included Spain ($8.55B), France ($7.92B), and India ($2.99B).

In 2022, countries that imported more from Iceland than Morocco included Netherlands ($1.97B), Norway ($459M), and Denmark ($257M).

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

Comparative Advantage Morocco - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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).

During 2017, Iceland had a large net trade with Morocco in the exports of Animal Products ($1.18M), Metals ($1.02M), and Machines ($81.6k).

Bilateral Service Trade

Isl Year

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 () to Morocco () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Morocco () and Iceland ()

Morocco Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Morocco - Iceland

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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