2022
Exports
$325kWorld Rnk 83 / 159
Flag Rnk 589 / 1105
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$17.9MWorld Rnk 51 / 209
Flag Rnk 416 / 1188
2022
ECONOMIC COMPLEXITY of Morocco
-0.29Rnk 80 / 133

About

Exports In 2022, Morocco exported $325k in Electric Furnaces, making it the 83rd largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 589th most exported product in Morocco. The main destination of Electric Furnaces exports from Morocco are: Turkey ($156k), France ($48.8k), Mauritania ($39.3k), United Kingdom ($19.1k), and Spain ($11.2k).

The fastest growing export markets for Electric Furnaces of Morocco between 2021 and 2022 were Turkey ($156k), United Kingdom ($19.1k), and Republic of the Congo ($10.3k).

Imports In 2022, Morocco imported $17.9M in Electric Furnaces, becoming the 51st largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 416th most imported product in Morocco. Morocco imports Electric Furnaces primarily from: Italy ($3.81M), Spain ($3.62M), China ($3.46M), Germany ($2.4M), and France ($1.77M).

The fastest growing import markets in Electric Furnaces for Morocco between 2021 and 2022 were China ($1.57M), Spain ($1.49M), and Germany ($1.37M).

COMPANIES In 2023, leading companies such as BOEING (1) were at the forefront of shipping Electric Furnaces from Morocco to the United States.

Latest Trends

Jul 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 Electric Furnaces. 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)$325k
IMPORTS (2022)$17.9M
NET TRADE (2022)-$17.6M

In 2022, Morocco exported $325k in Electric Furnaces. The main destinations of Morocco exports on Electric Furnaces were Turkey ($156k), France ($48.8k), Mauritania ($39.3k), United Kingdom ($19.1k), and Spain ($11.2k).

In 2022, Morocco imported $17.9M in Electric Furnaces, mainly from Italy ($3.81M), Spain ($3.62M), China ($3.46M), Germany ($2.4M), and France ($1.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Morocco WERE (2021 - 2022):
Turkey$156k (1%)
United Kingdom$19.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Morocco WERE (2021 - 2022):
Mexico-$3.22M (-100%)
Mauritania-$26.9k (-40.6%)
Denmark-$2.29k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Morocco's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Morocco's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $76.7k
TOP IMPORT POTENTIALChina+ $1.32M

Electric Furnaces’s highest export potential is Turkey. With an export gap of $76.7k.   Electric Furnaces’s highest import potential is China with an import gap of $1.32M.

See methodology.

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