2023
Exports
$1.41BWorld Rnk 1 / 101
Flag Rnk 6 / 1114
2023
PRODUCT COMPLEXITY IN Phosphoric Acid
-0.67Rnk 754 / 1025
2023
Imports
$4.18MWorld Rnk 54 / 190
Flag Rnk 687 / 1185
2023
ECONOMIC COMPLEXITY of Morocco
-0.36Rnk 79 / 132

About

Exports In 2023, Morocco exported $1.41B in Phosphoric Acid, making it the 1st largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 6th most exported product in Morocco. The main destination of Phosphoric Acid exports from Morocco are: India ($512M), Pakistan ($287M), Spain ($156M), Turkey ($112M), and Belgium ($92.3M).

The fastest growing export markets for Phosphoric Acid of Morocco between 2022 and 2023 were United States ($22.2M), Thailand ($8.44M), and Mexico ($8.19M).

Imports In 2023, Morocco imported $4.18M in Phosphoric Acid, becoming the 54th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 687th most imported product in Morocco. Morocco imports Phosphoric Acid primarily from: Germany ($1.21M), United States ($694k), Finland ($678k), China ($603k), and Belgium ($486k).

The fastest growing import markets in Phosphoric Acid for Morocco between 2022 and 2023 were China ($602k), Finland ($564k), and United States ($546k).

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 Phosphoric Acid. 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)$1.41B
IMPORTS (2023)$4.18M
NET TRADE (2023)$1.4B

In 2023, Morocco exported $1.41B in Phosphoric Acid. The main destinations of Morocco exports on Phosphoric Acid were India ($512M), Pakistan ($287M), Spain ($156M), Turkey ($112M), and Belgium ($92.3M).

In 2023, Morocco imported $4.18M in Phosphoric Acid, mainly from Germany ($1.21M), United States ($694k), Finland ($678k), China ($603k), and Belgium ($486k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Phosphoric Acid EXPORT MARKETS FOR Morocco WERE (2022 - 2023):
United States$22.2M (141%)
Thailand$8.44M (1%)
Mexico$8.19M (30.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phosphoric Acid BY Morocco WERE (2022 - 2023):
Pakistan-$380M (-57%)
Belgium-$185M (-66.7%)
India-$146M (-22.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Morocco's main exporting competitors in Phosphoric Acid were:
China $708M
In 2023, Morocco's main importing competitors in Phosphoric Acid were:

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Trade Value of Phosphoric Acid by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.1M
TOP IMPORT POTENTIALBelgium+ $129k

Phosphoric Acid’s highest export potential is United States. With an export gap of $18.1M.   Phosphoric Acid’s highest import potential is Belgium with an import gap of $129k.

See methodology.

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