Chile (CHL) and Morocco (MAR) Trade | The Observatory of Economic Complexity

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Chile (CHL) and Morocco (MAR) Trade

2023

→

Exports $61.1MRnk 60 / 183

2023

→

Top Product $22MNon-Iron and Steel Slag, Ash and Residues

2023

→

Exports $60.7MRnk 67 / 187

2023

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Top Product $20.2MMixed Mineral or Chemical Fertilizers

2023

Economic Complexity (ECI) ECI -0.2Rnk 72 / 132

2023

Economic Complexity (ECI) ECI -0.36Rnk 79 / 132

2023

GDP$336BCURRENT US$
Rnk 46 / 195

2013-2023

GDP GROWTH21%CURRENT US$
Rnk 139 / 195

2023

GDP$144BCURRENT US$
Rnk 60 / 195

2013-2023

GDP GROWTH24.8%CURRENT US$
Rnk 129 / 195

2023

GDP PC $17,068CURRENT US$
Rnk 68 / 195

2013-2023

GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

2023

GDP PC$3,771CURRENT US$
Rnk 134 / 196

2013-2023

GDP PC GROWTH11.6%CURRENT US$
Rnk 128 / 195

Image 1

Image by Sarah Stierch
Link: https://flic.kr/p/brGF6Y

Image 2

Image by Sam Greenhalgh
Link: https://flic.kr/p/6ScRP9

Latest Trends
Historical Data
Potential Exports
Economic Complexity

About

Chile-Morocco Trade: In 2023, Chile exported $61.1M to Morocco. The main products that Chile exported to Morocco were Non-Iron and Steel Slag, Ash and Residues ($22M), Other Nuts ($14M), and Sowing Seeds ($9.71M). Over the past 5 years the exports of Chile to Morocco have increased at an annualized rate of 16%, from $29.1M in 2018 to $61.1M in 2023.

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

Morocco-Chile Trade: In 2023, Morocco exported $60.7M to Chile. The main products that Morocco exported to Chile were Mixed Mineral or Chemical Fertilizers ($20.2M), Delivery Trucks ($13.5M), and Phosphatic Fertilizers ($8.03M). Over the past 5 years the exports of Morocco to Chile have increased at an annualized rate of 31%, from $15.7M in 2018 to $60.7M in 2023.

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

Comparison: In 2023, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). 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, Chile exported $447k and imported $674k from Morocco, resulting in a negative trade balance of $226k. Between November 2023 and November 2024 the exports of Chile have decreased by $-33.8k (-7.03%) from $481k to $447k, while imports increased by $498k (284%) from $176k to $674k.

Trade In November 2024, the top exports of Chile to Morocco were Non-Iron and Steel Slag, Ash and... ($4.8M), Other Nuts ($320k), Grapes ($89.8k), Plastic Lids ($46.6k), and Forage Crops ($20.3k). In November 2024 the top imports of Chile from Morocco were Fish Oil ($2.17M) and Industrial Fatty Acids, Oils and Alcohols ($291k).

Origins In November 2024 the exports of Chile were mainly from Iquique ($360k), Los Andes ($59.3k), and Maipú ($27.7k), while imports destinations were mainly Maipú ($350k), Las Condes ($323k), and Providencia ($430).

Growth In November 2024, the decrease in Chile's year-by-year exports to Morocco was explained primarily by an decrease in product exports in . In November 2024, the increase in Chile's year-by-year imports from Morocco was explained primarily by an increase in product imports in Industrial Fatty Acids, Oils and Alcohols ($251k or 636%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$-33.8k(-7.03%)

IMPORT GROWTH (November 2023 - November 2024)$498k(284%)

MAIN EXPORTER (November 2024)Iquique$360k

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

To check Morocco and Chile 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Chile exported $61.1M to Morocco. The main products exported from Chile to Morocco were Non-Iron and Steel Slag, Ash and Residues ($22M), Other Nuts ($14M), and Sowing Seeds ($9.71M). During the last 5 years the exports of Chile to Morocco have increased at an annualized rate of 16%, from $29.1M in 2018 to $61.1M in 2023.

In 2018, Morocco exported $60.7M to Chile. The main products exported from Morocco to Chile were Mixed Mineral or Chemical Fertilizers ($20.2M), Delivery Trucks ($13.5M), and Phosphatic Fertilizers ($8.03M). During the last 5 years the exports of Morocco to Chile have increased at an annualized rate of 31%, from $15.7M in 2023 to $60.7M in 2018.

Exports from Chile () to Morocco () (2023)

Exports from Morocco () to Chile () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Chile
Top DestinationChina$38.2B

Morocco
Top DestinationSpain$9.8B

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

In 2023, countries that imported more from Chile than Morocco included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Morocco than Chile included Spain ($9.8B), France ($8.23B), and United Kingdom ($2.49B).

Difference in imports from Morocco () and Chile () (2023)

Comparative Advantage Chile - Morocco

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Chile had a large net trade with Morocco in the exports of Vegetable Products ($26.7M), Mineral Products ($22.3M), and Chemical Products ($9.23M).

During 2018, Morocco had a large net trade with Chile in the exports of Chemical Products ($28.6M), Transportation ($18.4M), and Animal and Vegetable Bi-Products ($10.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Chile Morocco+$602kGrapes

Top Product Potential Morocco Chile+$25.5MCars

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

Year

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

Product Space of Chile () and Morocco () (2023)

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