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2022
Flag → Flag
Exports $1.27BRnk 43 / 222
2022
Flag → Flag
Top Product $376MCopper Wire
2022
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Exports $808MRnk 13 / 186
2022
Flag → Flag
Top Product $309MPhosphoric Acid
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI -0.29Rnk 76 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
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GDP GROWTH25.5%CURRENT US$
Rnk 109 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$3,528CURRENT US$
Rnk 127 / 186
2012-2022
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GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

Belgium-Morocco In 2022, Belgium exported $1.27B to Morocco. The main products that Belgium exported to Morocco are Copper Wire ($376M), Refined Petroleum ($53.1M), and Cars ($48.3M). During the last 23 years the exports of Belgium to Morocco have increased at an annualized rate of 6.6%, from $291M in 1999 to $1.27B in 2022.

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 In 2022, Morocco exported $808M to Belgium. The main products that Morocco exported to Belgium were Phosphoric Acid ($309M), Cars ($199M), and Insulated Wire ($43.9M). During the last 23 years the exports of Morocco to Belgium have increased at an annualized rate of 5.06%, from $260M in 1999 to $808M in 2022.

In 2022, Morocco did not export any services to Belgium.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Morocco ranked 76 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €69M and imported €55.3M from Morocco, resulting in a positive trade balance of €13.8M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-36.4M (-34.5%) from €105M to €69M, while imports decreased by €-5.68M (-9.33%) from €60.9M to €55.3M.

Trade In December 2023, 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 December 2023 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 December 2023, 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 December 2023, the decrease in Belgium's year-by-year imports  from Morocco was explained primarily by an decrease in product imports  in Inorganic chemicals (€-6.42M or -30.6%), Cars, tractors, trucks & parts thereof. (€-2.17M or -18.4%), and Cermet articles (€-1.97M or -99.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-36.4M(-34.5%)
IMPORT GROWTH (December 2022 - December 2023)€-5.68M(-9.33%)

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1.27B to Morocco. The main products exported from Belgium to Morocco were Copper Wire ($376M), Refined Petroleum ($53.1M), and Cars ($48.3M). During the last 23 years the exports of Belgium to Morocco have increased at an annualized rate of 6.6%, from $291M in 1999 to $1.27B in 2022.

In 2022, Morocco exported $808M to Belgium. The main products exported from Morocco to Belgium were Phosphoric Acid ($309M), Cars ($199M), and Insulated Wire ($43.9M). During the last 23 years the exports of Morocco to Belgium have increased at an annualized rate of 5.06%, from $260M in 1999 to $808M in 2022.

Exports from Belgium (Flag) to Morocco (Flag) (2022)

Exports from Morocco (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Morocco
Top DestinationSpain$8.55B

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 2021, countries that imported more from Belgium than Morocco were Germany ($91.9B), Netherlands ($65.7B), and France ($71.1B).

In 2021, countries that imported more from Morocco than Belgium were Bangladesh ($872M), Djibouti ($536M), and Pakistan ($840M).

Difference in imports from Morocco (Flag) and Belgium (Flag) (2022)

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 2022, Belgium had a large net trade with Morocco in the exports of Metals ($428M), Chemical Products ($177M), and Machines ($158M).

During 2022, Morocco had a large net trade with Belgium in the exports of Chemical Products ($357M), Transportation ($207M), and Machines ($56.2M).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Morocco (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Morocco. Similarly, the more yellow a dot/product is, the more Morocco has comparative advantage over Belgium.

Product Space of Belgium (Flag) and Morocco (Flag) (2022)

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