Flag Morocco

Econ Complexity (2018): -0.66, Rank 98 of 137

Product Exports (2018): $33.7B, Rank 64 of 222

Exports Per Capita (2018): $935, Rank 11 of 219

Product Imports (2018): $48.3B, Rank 54 of 221

Imports Per Capita (2018): $1.34k, Rank 10 of 219

Service Exports (2018): $15.4B, Rank 24 of 88

Service Imports (2018): $9.76B, Rank 36 of 88

GDP (2018): $118B, CURRENT US$
Rank 58 of 196

GDP growth (2008 - 2018): 27.5%, CURRENT US$
Rank 119 of 196

GDP PC (2018): $3,222, CURRENT US$
Rank 134 of 196

GDP PC GROWTH (2008 - 2018): 11.5%, CURRENT US$
Rank 119 of 196

Overview: In 2018 Morocco was the number 58 economy in the world in terms of GDP (current US$), the number 64 in total exports, the number 54 in total imports, and the number 98 most complex economy according to the Economic Complexity Index (ECI). In 2018, Morocco exported $33.7B and imported $48.3B, resulting in a negative trade balance of -$14.6B. In 2018, Morocco's exports per capita were $935 and its imports per capita were $1.34k.

Trade: The top exports of Morocco are Cars ($4.92B), Insulated Wire ($3.53B), Mixed Mineral or Chemical Fertilizers ($2.86B), Phosphoric Acid ($1.48B), and Non-Knit Women's Suits ($1.38B). The top imports of Morocco are Refined Petroleum ($4.53B), Cars ($2.24B), Petroleum Gas ($1.5B), Vehicle Parts ($1.23B), and Coal Briquettes ($1.19B).

Destinations: Morocco exports mostly to Spain ($7.45B), France ($6.94B), United States ($1.47B), Italy ($1.39B), and India ($1.3B), and imports mostly from Spain ($9.45B), France ($5.05B), China ($4.13B), United States ($3.62B), and Italy ($2.52B).

Location: Morocco borders Algeria, Spain, and Mauritania by land and Portugal by sea.

Product Exports

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Value
Depth

Top Export (2018): Cars, $4.92B

Top Destination (2018): Spain, $7.45B

In 2018 Morocco exported a total of $33.7B, making it the number 64 exporter in the world. During the last five reported years the exports of Morocco have changed by $7.19B from $26.5B in 2013 to $33.7B in 2018.

The most recent exports are led by Cars ($4.92B), Insulated Wire ($3.53B), Mixed Mineral or Chemical Fertilizers ($2.86B), Phosphoric Acid ($1.48B), and Non-Knit Women's Suits ($1.38B). The most common destination for the exports of Morocco are Spain ($7.45B), France ($6.94B), United States ($1.47B), Italy ($1.39B), and India ($1.3B).

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Product Imports

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Value
Depth

Top Import (2018): Refined Petroleum, $4.53B

Top Origin (2018): Spain, $9.45B

In 2018 Morocco imported $48.3B, making it the number 54 trade destination in the world. During the last five reported years the imports of Morocco changed by $3.6B from $44.7B in 2013 to $48.3B in 2018.

The most recent imports of Morocco are led by Refined Petroleum ($4.53B), Cars ($2.24B), Petroleum Gas ($1.5B), Vehicle Parts ($1.23B), and Coal Briquettes ($1.19B). The most common import partners for Morocco are Spain ($9.45B), France ($5.05B), China ($4.13B), United States ($3.62B), and Italy ($2.52B).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Morocco. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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.

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*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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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 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.

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Most Specialized Products by RCA Index

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Morocco has a high level of specialization in Calcium Phosphates (221), Phosphoric Acid (190), Phosphatic Fertilizers (107), Legumes (103), and Mixed Mineral or Chemical Fertilizers (63.4). 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 Bodies (including cabs), for motor vehicles (1.11), Parts for internal combustion spark ignition engines (1.02), Insulating fittings for electrical equipment (0.92), Parts for electrical switches, protectors, connectors (0.88), and Diodes, transistors, semi-conductors, etc (0.86). 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 Non-Knit Men's Undergarments (0.24), Insect Resins (0.24), Cassava (0.23), Other Oily Seeds (0.23), and Cotton Waste (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.

Diversification Frontier

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Depth

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.