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2022
Exports | Imports $47.5M | $44.3MWorld Rnk 83 / 149
Flag Rnk 98 / 1105
World Rnk 78 / 158
Flag Rnk 247 / 1188
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $47.5M | $44.3MSouth Korea |  United Kingdom
2022
ECONOMIC COMPLEXITY of Morocco-0.29Rnk 76 / 124
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.44Rnk 1015 / 1025

About

Exports In 2022, Morocco exported $47.5M in Crude Petroleum, making it the 83rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 98th most exported product in Morocco. The main destination of Crude Petroleum exports from Morocco are: South Korea ($47.5M), Netherlands ($70), Namibia ($7), and Belgium ($7).

The fastest growing export markets for Crude Petroleum of Morocco between 2021 and 2022 were South Korea ($47.5M), Netherlands ($70), and Namibia ($7).

Imports In 2022, Morocco imported $44.3M in Crude Petroleum, becoming the 78th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 247th most imported product in Morocco. Morocco imports Crude Petroleum primarily from: United Kingdom ($44.3M), Spain ($8.02k), India ($154), United Arab Emirates ($130), and Germany ($39).

The fastest growing import markets in Crude Petroleum for Morocco between 2021 and 2022 were United Kingdom ($44.3M), Spain ($5.38k), and India ($154).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Morocco to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$47.5M
IMPORTS (2022)$44.3M
NET TRADE (2022)$3.27M

In 2022, Morocco exported $47.5M in Crude Petroleum. The main destinations of Morocco exports on Crude Petroleum were South Korea ($47.5M), Netherlands ($70), Namibia ($7), and Belgium ($7).

In 2022, Morocco imported $44.3M in Crude Petroleum, mainly from United Kingdom ($44.3M), Spain ($8.02k), India ($154), United Arab Emirates ($130), and Germany ($39).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Morocco WERE (2021 - 2022):
South Korea$47.5M (1%)
Netherlands$70 (1%)
Namibia$7 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Morocco WERE (2021 - 2022):
Egypt-$116M (-100%)
United Arab Emirates-$614 (-100%)
Belgium-$40 (-85.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Morocco's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Morocco's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

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