Morocco (MAR) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Morocco-Venezuela Trade: In 2022, Morocco exported $965k to Venezuela. The main products that Morocco exported to Venezuela were Preserved Vegetables ($803k), Perfumes ($80.1k), and Yeast ($72.8k). Over the past 5 years the exports of Morocco to Venezuela have decreased at an annualized rate of 40.3%, from $12.7M in 2017 to $965k in 2022.

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

Venezuela-Morocco Trade: In 2022, Venezuela exported $1.84M to Morocco. The main products that Venezuela exported to Morocco were Crustaceans ($1.79M), Processed Crustaceans ($40.3k), and Trunks and Cases ($3.64k). Over the past 5 years the exports of Venezuela to Morocco have decreased at an annualized rate of 42.5%, from $29.3M in 2017 to $1.84M in 2022.

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

Comparison: In 2022, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Morocco exported $965k to Venezuela. The main products exported from Morocco to Venezuela were Preserved Vegetables ($803k), Perfumes ($80.1k), and Yeast ($72.8k). During the last 5 years the exports of Morocco to Venezuela have decreased at an annualized rate of 40.3%, from $12.7M in 2017 to $965k in 2022.

In 2017, Venezuela exported $1.84M to Morocco. The main products exported from Venezuela to Morocco were Crustaceans ($1.79M), Processed Crustaceans ($40.3k), and Trunks and Cases ($3.64k). During the last 5 years the exports of Venezuela to Morocco have decreased at an annualized rate of 42.5%, from $29.3M in 2022 to $1.84M in 2017.

Exports from Morocco () to Venezuela () (2022)

Exports from Venezuela () to Morocco () (2022)

Latest Data

Trade between Morocco () and Venezuela ()

Morocco Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Morocco
Top DestinationSpain$8.55B

Venezuela
Top DestinationChina$703M

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

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

In 2022, countries that imported more from Venezuela than Morocco included China ($703M), Guatemala ($84.5M), and Montenegro ($75.9M).

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

Comparative Advantage Morocco - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Morocco had a large net trade with Venezuela in the exports of Vegetable Products ($803k), Chemical Products ($80.1k), and Foodstuffs ($72.8k).

During 2017, Venezuela had a large net trade with Morocco in the exports of Animal Products ($1.79M), Foodstuffs ($40.3k), and Animal Hides ($3.64k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Morocco () to Venezuela () (2022)

Exports from Venezuela () to Morocco () (2022)

Latest Data

Trade between Morocco () and Venezuela ()

Morocco Exports

Market Competitiveness

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

Comparative Advantage Morocco - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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