Morocco2020 Economic Complexity : -0.5, Rank 81 of 127
2020 Product Exports | Imports: $32.2B | $43.2B, 60 of 226 | 52 of 226
2020 Per Capita Product Exports | Imports: $872 | $1.17k, 124 of 219 | 134 of 219
2019 Service Exports | Imports : $155B | $90B, 4 of 69 | 5 of 69
Overview In 2020 Morocco was the number 58 economy in the world in terms of GDP (current US$), the number 60 in total exports, the number 52 in total imports, the number 136 economy in terms of GDP per capita (current US$) and the number 81 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Morocco are Cars ($3.79B), Mixed Mineral or Chemical Fertilizers ($3.42B), Insulated Wire ($3.41B), Phosphoric Acid ($1.25B), and Calcium Phosphates ($1.17B), exporting mostly to Spain ($6.97B), France ($6.12B), Italy ($1.6B), India ($1.39B), and Germany ($1.18B).
In 2020, Morocco was the world's biggest exporter of Phosphoric Acid ($1.25B), Calcium Phosphates ($1.17B), and Legumes ($257M)
Imports The top imports of Morocco are Refined Petroleum ($2.67B), Vehicle Parts ($1.37B), Cars ($1.32B), Wheat ($1.28B), and Petroleum Gas ($1.04B), importing mostly from Spain ($8.41B), China ($4.83B), France ($4.7B), Germany ($2.27B), and United States ($2.24B).
In 2020, Morocco was the world's biggest importer of Sulphur ($407M)
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.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
In 2020, Morocco exported a total of $32.2B, making it the number 60 exporter in the world. During the last five reported years the exports of Morocco have changed by $4.5B from $27.7B in 2015 to $32.2B in 2020.
The most recent exports are led by Cars ($3.79B), Mixed Mineral or Chemical Fertilizers ($3.42B), Insulated Wire ($3.41B), Phosphoric Acid ($1.25B), and Calcium Phosphates ($1.17B). The most common destination for the exports of Morocco are Spain ($6.97B), France ($6.12B), Italy ($1.6B), India ($1.39B), and Germany ($1.18B).
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).
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:
Morocco has a high level of specialization in Calcium Phosphates (203), Phosphoric Acid (165), Phosphatic Fertilizers (102), Legumes (85.2), and Mixed Mineral or Chemical Fertilizers (78.9). 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 Electric filament, discharge lamps (1.05), Insulating fittings for electrical equipment (1.04), Parts for electrical switches, protectors, connectors (0.95), Electric lighting, signal equipment, car electrics nes (0.94), and Diodes, transistors, semi-conductors, etc (0.93). 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 (0.26), Other Knit Clothing Accessories (0.24), Pepper (0.24), Raw Tobacco (0.24), and Insect Resins (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 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 less complex, moving from the 79th to the 81st 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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