Morocco2021 Economic Complexity : -0.28, Rank 78 of 131
2021 Product Exports | Imports: $41.9B | $57B, 61 of 226 | 54 of 226
2021 Per Capita Product Exports | Imports: $1.12k | $1.53k, 126 of 219 | 133 of 219
2020 Service Exports | Imports : $11B | $6.34B, 33 of 65 | 41 of 65
Overview In 2021, Morocco was the number 56 economy in the world in terms of GDP (current US$), the number 61 in total exports, the number 54 in total imports, the number 122 economy in terms of GDP per capita (current US$) and the number 78 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Morocco are Cars ($5.19B), Mixed Mineral or Chemical Fertilizers ($5.18B), Insulated Wire ($3.58B), Phosphoric Acid ($2.25B), and Non-Knit Women's Suits ($1.81B), exporting mostly to Spain ($8.53B), France ($7.9B), India ($2.1B), Brazil ($2.06B), and Italy ($2.01B).
In 2021, Morocco was the world's biggest exporter of Phosphoric Acid ($2.25B), Calcium Phosphates ($1.62B), and Legumes ($272M)
Imports The top imports of Morocco are Refined Petroleum ($5.02B), Cars ($2.12B), Motor vehicles; parts and accessories (8701 to 8705) ($1.92B), Petroleum Gas ($1.68B), and Wheat ($1.36B), importing mostly from Spain ($11.1B), China ($6.43B), France ($5.42B), Turkey ($3.14B), and United States ($3.01B).
Location Morocco borders Algeria, Spain, and Mauritania by land and Portugal by sea.
The following section uses the most recent trade data from partners of Morocco.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
In 2021, Morocco exported a total of $41.9B, making it the number 61 exporter in the world. During the last five reported years the exports of Morocco have changed by $14.6B from $27.3B in 2016 to $41.9B in 2021.
The most recent exports are led by Cars ($5.19B), Mixed Mineral or Chemical Fertilizers ($5.18B), Insulated Wire ($3.58B), Phosphoric Acid ($2.25B), and Non-Knit Women's Suits ($1.81B). The most common destination for the exports of Morocco are Spain ($8.53B), France ($7.9B), India ($2.1B), Brazil ($2.06B), and Italy ($2.01B).
Morocco Exports Services (2020): $11B
Morocco Imports Services (2020): $6.34B
In 2020, Morocco exported $11B worth of services. The top services exported by Morocco in 2020 were Personal travel ($3.67B), Miscellaneous business, professional, and technical services ($3.02B), Sea transport ($1.19B), Telecommunications services ($965M), and Air transport ($731M).
The top services imported by Morocco in 2020 were Sea transport ($1.98B), Personal travel ($1.02B), Government services, n.i.e. ($957M), Miscellaneous business, professional, and technical services ($928M), and Air transport ($508M).
Morocco has a high level of specialization in Calcium Phosphates (201), Phosphoric Acid (188), Phosphatic Fertilizers (104), Legumes (82.4), and Barium Sulphate (81.1). 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 Metal Insulating Fittings (1.15), Motor vehicles; parts and accessories (8701 to 8705) (0.99), Electrical Lighting and Signalling Equipment (0.95), Semiconductor Devices (0.91), and Electrical Power Accessories (0.9). 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, were Knit Men's Coats (0.24), Non-Knit Men's Undergarments (0.24), Pepper (0.23), Insect Resins (0.23), and Cassava (0.22). 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 a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
During the last 20 years Morocco's economy has become relatively more complex, moving from the 79th to the 78th 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.
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