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 89 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.

Historical Data

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Yearly Exports

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Top Export (2019): Cars, $3.91B

Top Destination (2019): Spain, $7.43B

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).

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Yearly Imports

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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).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Morocco Exports Services (2019): $155B

Morocco Imports Services (2019): $90B

In 2019, Morocco exported $155B worth of services. The top services exported by Morocco in 2019 were Personal travel ($75.2B), Miscellaneous business, professional, and technical services ($25.1B), Air transport ($18.1B), Sea transport ($11.8B), and Telecommunications services ($8.19B).

The top services imported by Morocco in 2019 were Sea transport ($26.8B), Personal travel ($19.1B), Miscellaneous business, professional, and technical services ($14.5B), Air transport ($10.5B), and Government services, n.i.e. ($9.35B).

Tariffs by Product

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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:
136: Most Favoured Nation duty rate treatement
161: Preferential tariff for Algeria
206: Preferential tariff for Egypt
210: Preferential tariff for Equatorial Guinea
217: Preferential tariff for European Free Trade Association (EFTA) countries
219: Preferential tariff for European Union countries (AA) Association Agreement
243: Preferential tariff for Iraq
247: Preferential tariff for Jordan
257: Preferential tariff for Libya
266: Preferential tariff for Mauritania
294: Preferential tariff for Saudi Arabia
296: Preferential tariff for Senegal
313: Preferential tariff for the League of Arab States
321: Preferential tariff for Tunisia
322: Preferential tariff for Turkey
326: Preferential tariff for United Arab Emirates
328: Preferential tariff for United States
337: Preferential tariff under Agadir agreement (Egypt, Jordan, Morocco and Tunisia)

Economic Complexity

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Most Specialized Products by RCA Index

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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.

Most Complex Products by PCI

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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.

Export Opportunities by Relatedness

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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.

Relatedness Space

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This network shows the products most related to the production structure of Morocco. These are products that tend to be co-exported with the products that Morocco exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.

Economic Complexity Ranking

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Scale

During the last 20 years Morocco's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨81st to the 89th⁩ 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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