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2023
Exports $41World Rnk 138 / 150
Flag Rnk 1099 / 1114
2023
Destination $10 Netherlands
2022 - 2023
FASTEST GROWING MARKET $10Canada
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2023
Imports $31.3MWorld Rnk 82 / 159
Flag Rnk 319 / 1185
2023
Origin $5.14k United Kingdom
2022 - 2023
FASTEST GROWING ORIGIN $5.14kSpain
2023
ECONOMIC COMPLEXITY of Morocco-0.36Rnk 79 / 132

About

Exports In 2023, Morocco exported $41 in Crude Petroleum, making it the 138th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1099th most exported product in Morocco. The main destination of Crude Petroleum exports from Morocco are: Netherlands ($26), Canada ($10), and Namibia ($5).

The fastest growing export markets for Crude Petroleum of Morocco between 2022 and 2023 were Canada ($10).

Imports In 2023, Morocco imported $31.3M in Crude Petroleum, becoming the 82nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 319th most imported product in Morocco. Morocco imports Crude Petroleum primarily from: United Kingdom ($31.3M) and Spain ($13.7k).

The fastest growing import markets in Crude Petroleum for Morocco between 2022 and 2023 were Spain ($5.14k).

Latest Trends

Dec 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 (2023)$41
IMPORTS (2023)$31.3M
NET TRADE (2023)-$31.3M

In 2023, Morocco exported $41 in Crude Petroleum. The main destinations of Morocco exports on Crude Petroleum were Netherlands ($26), Canada ($10), and Namibia ($5).

In 2023, Morocco imported $31.3M in Crude Petroleum, mainly from United Kingdom ($31.3M) and Spain ($13.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Morocco WERE (2022 - 2023):Canada$10 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Morocco WERE (2022 - 2023):
South Korea-$55.4M (-100%)
Netherlands-$54 (-67.5%)
Belgium-$8 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Morocco's main exporting competitors in Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Morocco's main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $16M
TOP IMPORT POTENTIALUnited Kingdom+ $6.08M

Crude Petroleum’s highest export potential is South Korea. With an export gap of $16M.   Crude Petroleum’s highest import potential is United Kingdom with an import gap of $6.08M.

See methodology.

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