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2023
Flag → Flag
Exports $1.11BRnk 41 / 220
2023
Flag → Flag
Top Product $410MCopper Wire
2023
Flag → Flag
Exports $634MRnk 14 / 187
2023
Flag → Flag
Top Product $251MCars
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI -0.36Rnk 79 / 132
2023
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GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$144BCURRENT US$
Rnk 60 / 195
2013-2023
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GDP GROWTH24.8%CURRENT US$
Rnk 129 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$3,771CURRENT US$
Rnk 134 / 196
2013-2023
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GDP PC GROWTH11.6%CURRENT US$
Rnk 128 / 195

About

Belgium-Morocco Trade: In 2023, Belgium exported $1.11B to Morocco. The main products that Belgium exported to Morocco were Copper Wire ($410M), Tractors ($38M), and Cars ($26.9M). Over the past 5 years the exports of Belgium to Morocco have increased at an annualized rate of 4.54%, from $889M in 2018 to $1.11B in 2023.

In 2020, Belgium exported services to Morocco worth $50.3M, with Transportation ($19.4M), Other business services ($17.1M), and Financial services ($4.57M) being the largest in terms of value.

Morocco-Belgium Trade: In 2023, Morocco exported $634M to Belgium. The main products that Morocco exported to Belgium were Cars ($251M), Phosphoric Acid ($92.3M), and Insulated Wire ($74.3M). Over the past 5 years the exports of Morocco to Belgium have increased at an annualized rate of 5.17%,  from $493M in 2018 to $634M in 2023.

In 2023, Morocco did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B).

Latest Trends

November, 2024

About

Overview In November 2024, Belgium exported €113M and imported €107M from Morocco, resulting in a positive trade balance of €5.7M. Between November 2023 and November 2024 the exports of Belgium have decreased by €-2M (-1.74%) from €115M to €113M, while imports increased by €42.8M (66.2%) from €64.6M to €107M.

Trade In November 2024, the top exports of Belgium to Morocco were Copper articles (€28.9M), Cars, tractors, trucks & parts thereof. (€13.7M), Electrical machinery and electronics (€8.95M), Plastics & articles thereof (€6.28M), and Machinery, mechanical appliances, & parts (€3.2M). In November 2024 the top imports of Belgium from Morocco were Inorganic chemicals (€14.6M), Cars, tractors, trucks & parts thereof. (€9.62M), Electrical machinery and electronics (€6.19M), Preparations of vegetables, fruit, nuts or... (€1.39M), and Non-knitted clothing accesories (€877k).

Growth In November 2024, the decrease in Belgium's year-by-year exports to Morocco was explained primarily by an decrease in product exports in Copper articles (€-3.22M or -10%), Zinc articles (€-2.31M or -96.2%), and Chemical products n.e.s. (€-1.91M or -65%). In November 2024, the increase in Belgium's year-by-year imports  from Morocco was explained primarily by an increase in product imports  in Electrical machinery and electronics (€1.75M or 39.3%), Man-made staple fibres (€665k or 1.88k%), and Preparations of vegetables, fruit, nuts or... (€623k or 81%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-2M(-1.74%)
IMPORT GROWTH (November 2023 - November 2024)€42.8M(66.2%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Morocco and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Morocco and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $1.11B to Morocco. The main products exported from Belgium to Morocco were Copper Wire ($410M), Tractors ($38M), and Cars ($26.9M). During the last 5 years the exports of Belgium to Morocco have increased at an annualized rate of 4.54%, from $889M in 2018 to $1.11B in 2023.

In 2018, Morocco exported $634M to Belgium. The main products exported from Morocco to Belgium were Cars ($251M), Phosphoric Acid ($92.3M), and Insulated Wire ($74.3M). During the last 5 years the exports of Morocco to Belgium have increased at an annualized rate of 5.17%, from $493M in 2023 to $634M in 2018.

Exports from Belgium (Flag) to Morocco (Flag) (2023)

Exports from Morocco (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Morocco
Top DestinationSpain$9.8B

This map shows whether countries import more from Belgium or Morocco. Each country is colored based on the difference in imports they receive from Belgium and Morocco or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Morocco included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Morocco than Belgium included Djibouti ($539M), Ethiopia ($677M), and Mauritania ($338M).

Difference in imports from Morocco (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Morocco

Flow
Scale

This chart compares trade between Belgium and Morocco by product, considering products traded by both, Belgium and Morocco.

During 2023, Belgium had a large net trade with Morocco in the exports of Metals ($480M), Chemical Products ($149M), and Machines ($106M).

During 2018, Morocco had a large net trade with Belgium in the exports of Transportation ($269M), Chemical Products ($137M), and Machines ($93.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Morocco+$71.2MRefined Petroleum
Top Product Potential Morocco Belgium+$153MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Morocco. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Morocco. Similarly, a dot/product with the flag of Morocco indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Morocco (Flag) (2023)

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