HS Icon Refined Petroleum in  Flag Morocco

2019
Exports | Imports
: $62.9M | $4.56B, World Rnk 106 / 214
Flag Rnk 71 / 1095 | World Rnk 36 / 225
Flag Rnk 1 / 1183

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $11.4M | $373M, Burkina Faso |  India

2019
ECONOMIC COMPLEXITY of Morocco
: -0.53, Rnk 98 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports: In 2019, Morocco exported $62.9M in Refined Petroleum, making it the 106th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 71st most exported product in Morocco. The main destination of Refined Petroleum exports from Morocco are: Burkina Faso ($27.3M), Ghana ($10.6M), Cote d'Ivoire ($6.85M), Senegal ($5.92M), and Mauritania ($5.1M).

The fastest growing export markets for Refined Petroleum of Morocco between 2018 and 2019 were Burkina Faso ($11.4M), Cote d'Ivoire ($3.04M), and Senegal ($1.27M).

Imports: In 2019, Morocco imported $4.56B in Refined Petroleum, becoming the 36th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Morocco. Morocco imports Refined Petroleum primarily from: Spain ($1.1B), Saudi Arabia ($681M), United States ($624M), India ($421M), and Italy ($373M).

The fastest growing import markets in Refined Petroleum for Morocco between 2018 and 2019 were India ($373M), Saudi Arabia ($119M), and Togo ($95.7M).

Tariffs: In 2017, the average tariff for Morocco in Refined Petroleum was 8.61%. The countries with the highest import tariffs for Refined Petroleum were Comoros (Most Favoured Nation duty rate treatement, 25%), Djibouti (Most Favoured Nation duty rate treatement, 25%), Egypt (Most Favoured Nation duty rate treatement, 25%), Mauritania (Most Favoured Nation duty rate treatement, 25%), and Sudan (Most Favoured Nation duty rate treatement, 25%).

Historical Data

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Value

EXPORTS (2019): $62.9M

IMPORTS (2019): $4.56B

NET TRADE (2019): -$4.5B

In 2019, Morocco exported $62.9M in Refined Petroleum. The main destinations of Morocco exports on Refined Petroleum were Burkina Faso ($27.3M), Ghana ($10.6M), Cote d'Ivoire ($6.85M), Senegal ($5.92M), and Mauritania ($5.1M).

In 2019, Morocco imported $4.56B in Refined Petroleum, mainly from Spain ($1.1B), Saudi Arabia ($681M), United States ($624M), India ($421M), and Italy ($373M).

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IN 2019, Morocco HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Morocco HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Morocco WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Morocco WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, Morocco's main exporting competitors in Refined Petroleum were:

In 2018, Morocco's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2017, the average tariff for Morocco in Refined Petroleum was 8.61%.

The countries with the highest tariffs for Refined Petroleum in Morocco were Comoros (Most Favoured Nation duty rate treatement, 25%), Djibouti (Most Favoured Nation duty rate treatement, 25%), Egypt (Most Favoured Nation duty rate treatement, 25%), Mauritania (Most Favoured Nation duty rate treatement, 25%), and Sudan (Most Favoured Nation duty rate treatement, 25%).