Morocco (MAR) and Peru (PER) Trade | The Observatory of Economic Complexity

About

Morocco-Peru Trade: In 2023, Morocco exported $52.8M to Peru. The main products that Morocco exported to Peru were Calcium Phosphates ($29.3M), Mixed Mineral or Chemical Fertilizers ($12.2M), and Non-Knit Women's Suits ($3.03M). Over the past 5 years the exports of Morocco to Peru have decreased at an annualized rate of 3.16%, from $62M in 2018 to $52.8M in 2023.

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

Peru-Morocco Trade: In 2023, Peru exported $38.1M to Morocco. The main products that Peru exported to Morocco were Molluscs ($10.6M), Tropical Fruits ($7.13M), and Other Oily Seeds ($6.71M). Over the past 5 years the exports of Peru to Morocco have increased at an annualized rate of 4.75%, from $30.2M in 2018 to $38.1M in 2023.

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

Comparison: In 2023, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Morocco exported $52.8M to Peru. The main products exported from Morocco to Peru were Calcium Phosphates ($29.3M), Mixed Mineral or Chemical Fertilizers ($12.2M), and Non-Knit Women's Suits ($3.03M). During the last 5 years the exports of Morocco to Peru have decreased at an annualized rate of 3.16%, from $62M in 2018 to $52.8M in 2023.

In 2018, Peru exported $38.1M to Morocco. The main products exported from Peru to Morocco were Molluscs ($10.6M), Tropical Fruits ($7.13M), and Other Oily Seeds ($6.71M). During the last 5 years the exports of Peru to Morocco have increased at an annualized rate of 4.75%, from $30.2M in 2023 to $38.1M in 2018.

Exports from Morocco () to Peru () (2023)

Exports from Peru () to Morocco () (2023)

Latest Data

Trade between Morocco () and Peru ()

Morocco Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Morocco
Top DestinationSpain$9.8B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Morocco than Peru included Spain ($9.8B), France ($8.23B), and Germany ($2.89B).

In 2023, countries that imported more from Peru than Morocco included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

Difference in imports from Peru () and Morocco () (2023)

Comparative Advantage Morocco - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Morocco had a large net trade with Peru in the exports of Mineral Products ($29.3M), Chemical Products ($13.1M), and Textiles ($8.81M).

During 2018, Peru had a large net trade with Morocco in the exports of Vegetable Products ($21.1M), Animal Products ($10.9M), and Metals ($3.69M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Morocco Peru+$5.38MMixed Mineral or Chemical Fertilizers

Top Product Potential Peru Morocco+$1.58MTropical Fruits

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Morocco () to Peru () (2023)

Exports from Peru () to Morocco () (2023)

Latest Data

Trade between Morocco () and Peru ()

Morocco Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Morocco () (2023)

Comparative Advantage Morocco - Peru

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Morocco () and Peru () (2023)

Keep Exploring