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

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Chile (CHL) and Morocco (MAR) Trade

2022

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Exports $55.7MRnk 60 / 185

2022

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About

Chile-Morocco In 2022, Chile exported $55.7M to Morocco. The main products that Chile exported to Morocco are Other Nuts ($19.2M), Nitrites and Nitrates ($12.3M), and Sowing Seeds ($9.97M). During the last 27 years the exports of Chile to Morocco have increased at an annualized rate of 8.92%, from $5.54M in 1995 to $55.7M in 2022.

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

Morocco-Chile In 2022, Morocco exported $51M to Chile. The main products that Morocco exported to Chile were Cars ($28.3M), Fish oil ($8.1M), and Delivery Trucks ($7.16M). During the last 27 years the exports of Morocco to Chile have increased at an annualized rate of 15%, from $1.17M in 1995 to $51M in 2022.

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

Comparison In 2022, Chile ranked 71 in the Economic Complexity Index (ECI -0.22), and 44 in total exports ($99B). That same year, Morocco ranked 76 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Latest Trends

January, 2024

About

Overview In January 2024, Chile exported $103k and imported $325k from Morocco, resulting in a negative trade balance of $222k. Between January 2023 and January 2024 the exports of Chile have decreased by $-5.18M (-98.1%) from $5.28M to $103k, while imports decreased by $-1.33M (-80.3%) from $1.65M to $325k.

Trade In January 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 January 2024 the top imports of Chile from Morocco were Fish oil ($2.17M) and Industrial Fatty Acids, Oils and Alcohols ($291k).

Origins In January 2024 the exports of Chile were mainly from Las Condes ($40.1k), Los Andes ($38.2k), and Pudahuel ($24.4k), while imports destinations were mainly N/A.

Growth In January 2024, the decrease in Chile's year-by-year exports to Morocco was explained primarily by an decrease in product exports in . In December 2023, the decrease in Chile's year-by-year imports from Morocco was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-5.18M(-98.1%)

IMPORT GROWTH (December 2022 - December 2023)$-1.33M(-80.3%)

MAIN EXPORTER (January 2024)Las Condes$40.1k

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Chile exported $55.7M to Morocco. The main products exported from Chile to Morocco were Other Nuts ($19.2M), Nitrites and Nitrates ($12.3M), and Sowing Seeds ($9.97M). During the last 27 years the exports of Chile to Morocco have increased at an annualized rate of 8.92%, from $5.54M in 1995 to $55.7M in 2022.

In 2022, Morocco exported $51M to Chile. The main products exported from Morocco to Chile were Cars ($28.3M), Fish oil ($8.1M), and Delivery Trucks ($7.16M). During the last 27 years the exports of Morocco to Chile have increased at an annualized rate of 15%, from $1.17M in 1995 to $51M in 2022.

Exports from Chile () to Morocco () (2022)

Exports from Morocco () to Chile () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Chile
Top DestinationChina$38.5B

Morocco
Top DestinationSpain$8.55B

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 2021, countries that imported more from Chile than Morocco were China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2021, countries that imported more from Morocco than Chile were Spain ($8.55B), France ($7.92B), and India ($2.99B).

Difference in imports from Morocco () and Chile () (2022)

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 2022, Chile had a large net trade with Morocco in the exports of Vegetable Products ($31.3M), Chemical Products ($12.5M), and Mineral Products ($9.63M).

During 2022, Morocco had a large net trade with Chile in the exports of Transportation ($35.4M), Animal and Vegetable Bi-Products ($12M), and Textiles ($1.55M).

Economic Complexity

Competitive Landscape

Year

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 Chile has comparative advantage over Morocco. Similarly, the more yellow a dot/product is, the more Morocco has comparative advantage over Chile.

Product Space of Chile () and Morocco () (2022)

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