Morocco2019 Economic Complexity: -0.41, Rank 98 of 157
2019 Product Exports | Imports: $32.9B | $49.2B, 62 of 225 | 53 of 225
2019 Per Capita Product Exports | Imports: $903 | $1.35k, 128 of 219 | 133 of 219
2018 Service Exports | Imports : $15.4B | $9.76B, 24 of 88 | 36 of 88
Overview: In 2019 Morocco was the number 58 economy in the world in terms of GDP (current US$), the number 62 in total exports, the number 53 in total imports, the number 129 economy in terms of GDP per capita (current US$) and the number 98 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Morocco are Cars ($3.91B), Insulated Wire ($3.75B), Mixed Mineral or Chemical Fertilizers ($2.71B), Phosphoric Acid ($1.48B), and Non-Knit Women's Suits ($1.39B), exporting mostly to Spain ($7.43B), France ($6.39B), Italy ($1.42B), United States ($1.38B), and Germany ($1.2B).
In 2019, Morocco was the world's biggest exporter of Phosphoric Acid ($1.48B), Calcium Phosphates ($1.17B), and Legumes ($272M)
Imports: The top imports of Morocco are Refined Petroleum ($4.56B), Cars ($2.05B), Vehicle Parts ($1.31B), Petroleum Gas ($1.28B), and Coal Briquettes ($1.1B), importing mostly from Spain ($9.28B), France ($5.42B), China ($4.47B), United States ($3.47B), and Germany ($2.57B).
Location: Morocco borders Algeria, Spain, and Mauritania by land and Portugal by sea.
In 2019, Morocco exported a total of $32.9B, making it the number 62 exporter in the world. During the last five reported years the exports of Morocco have changed by $4.86B from $28.1B in 2014 to $32.9B in 2019.
The most recent exports are led by Cars ($3.91B), Insulated Wire ($3.75B), Mixed Mineral or Chemical Fertilizers ($2.71B), Phosphoric Acid ($1.48B), and Non-Knit Women's Suits ($1.39B). The most common destination for the exports of Morocco are Spain ($7.43B), France ($6.39B), Italy ($1.42B), United States ($1.38B), and Germany ($1.2B).
Top Import (2019): Refined Petroleum, $4.56B
Top Origin (2019): Spain, $9.28B
In 2019 Morocco imported $49.2B, making it the number 53 trade destination in the world. During the last five reported years the imports of Morocco changed by $4.48B from $44.7B in 2014 to $49.2B in 2019.
The most recent imports of Morocco are led by Refined Petroleum ($4.56B), Cars ($2.05B), Vehicle Parts ($1.31B), Petroleum Gas ($1.28B), and Coal Briquettes ($1.1B). The most common import partners for Morocco are Spain ($9.28B), France ($5.42B), China ($4.47B), United States ($3.47B), and Germany ($2.57B).
Morocco Exports Services (2018): $15.4B
Morocco Imports Services (2018): $9.76B
In 2018, Morocco exported $15.4B worth of services. The top services exported by Morocco in 2018 were Personal travel ($7.43B), Miscellaneous business, professional, and technical services ($2.14B), Air transport ($1.83B), Sea transport ($1.14B), and Telecommunications services ($958M).
The top services imported by Morocco in 2018 were Sea transport ($2.84B), Personal travel ($1.83B), Miscellaneous business, professional, and technical services ($1.56B), Government services, n.i.e. ($1.25B), and Air transport ($1.15B).
The top product import tariffs by their MFN Ad Valorem value for Morocco are Bovine carcasses and half carcasses, fresh or chilled (200%) and Bovine carcasses and half carcasses, frozen (200%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Morocco are:
During the last 20 years Morocco's economy has become relatively más complex, moving from the 114th to the 98th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Morocco has a high level of specialization in Calcium Phosphates (203), Phosphoric Acid (199), Phosphatic Fertilizers (112), Legumes (101), and Barium Sulphate (70.1). Specialization is measured using RCA, an index that takes the ratio between Morocco observed and expected exports in each product.
The highest complexity exports of Morocco according to the product complexity index (PCI) are Insulating fittings for electrical equipment (1.11), Engines and motors, nes (1.06), Electric lighting, signal equipment, car electrics nes (1.04), Motor vehicles for transport of persons (except buses) (1.01), and Parts for internal combustion spark ignition engines (1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Morocco according to the relatedness index, are Knit Men's Undergarments (0.24), Gold (0.24), Non-Knit Men's Undergarments (0.23), Other Vegetable Products (0.23), and Raw Tobacco (0.23). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Morocco is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
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