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.
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.
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.
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).
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.
*The tariffs applied to imports for Morocco are:136: Most Favoured Nation duty rate treatement161: Preferential tariff for Algeria206: Preferential tariff for Egypt210: Preferential tariff for Equatorial Guinea217: Preferential tariff for European Free Trade Association (EFTA) countries219: Preferential tariff for European Union countries (AA) Association Agreement243: Preferential tariff for Iraq247: Preferential tariff for Jordan257: Preferential tariff for Libya266: Preferential tariff for Mauritania294: Preferential tariff for Saudi Arabia296: Preferential tariff for Senegal313: Preferential tariff for the League of Arab States321: Preferential tariff for Tunisia322: Preferential tariff for Turkey326: Preferential tariff for United Arab Emirates328: Preferential tariff for United States337: Preferential tariff under Agadir agreement (Egypt, Jordan, Morocco and Tunisia)
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.
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.
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.
Morocco
