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Pricing

2022
Flag → Flag
Exports $512MRnk 70 / 220
2022
Flag → Flag
Top Product $69.4MCoated Flat-Rolled Iron
2022
Flag → Flag
Exports $207MRnk 29 / 186
2022
Flag → Flag
Top Product $47.5MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP GROWTH25.5%CURRENT US$
Rnk 109 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

South Korea-Morocco Trade: In 2022, South Korea exported $512M to Morocco. The main products that South Korea exported to Morocco were Coated Flat-Rolled Iron ($69.4M), Cars ($55.6M), and Synthetic Filament Yarn Woven Fabric ($49.3M). Over the past 5 years the exports of South Korea to Morocco have increased at an annualized rate of 6.83%, from $368M in 2017 to $512M in 2022.

In 2022, South Korea did not export any services to Morocco.

Morocco-South Korea Trade: In 2022, Morocco exported $207M to South Korea. The main products that Morocco exported to South Korea were Crude Petroleum ($47.5M), Fish Fillets ($28M), and Lead Ore ($20.3M). Over the past 5 years the exports of Morocco to South Korea have increased at an annualized rate of 2.04%,  from $187M in 2017 to $207M in 2022.

In 2022, Morocco did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $28.4M and imported $10.3M from Morocco, resulting in a positive trade balance of $18.1M. Between August 2023 and August 2024 the exports of South Korea have increased by $3.15M (12.5%) from $25.3M to $28.4M, while imports decreased by $-1.72M (-14.3%) from $12M to $10.3M.

Trade In August 2024, the top exports of South Korea to Morocco were Cars, tractors, trucks & parts thereof. ($5.08M), Iron & steel ($3.89M), Man-made filaments ($3.62M), Machinery, mechanical appliances, & parts ($3.21M), and Plastics & articles thereof ($3.06M). In August 2024 the top imports of South Korea from Morocco were Ores, slag and ash ($7.57M), Aluminum articles ($3.37M), Electrical machinery and electronics ($2.66M), Knitted clothing accesories ($1.78M), and Non-knitted clothing accesories ($1.74M).

Growth In August 2024, the increase in South Korea's year-by-year exports to Morocco was explained primarily by an increase in product exports in Pharmaceutical products ($898k or 1.52k%), Organic chemicals ($736k or 256%), and Rubber & articles thereof ($485k or 90.3%). In August 2024, the decrease in South Korea's year-by-year imports  from Morocco was explained primarily by an decrease in product imports  in Salt, sulphur, cement, lime, stone, &... ($-134k or -58.8%), Machinery, mechanical appliances, & parts ($-86k or -50%), and Preparations of fish, crustacenas, & molluscs ($-79k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$3.15M(12.5%)
IMPORT GROWTH (August 2023 - August 2024)$-1.72M(-14.3%)

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

To check Morocco and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Morocco and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $512M to Morocco. The main products exported from South Korea to Morocco were Coated Flat-Rolled Iron ($69.4M), Cars ($55.6M), and Synthetic Filament Yarn Woven Fabric ($49.3M). During the last 5 years the exports of South Korea to Morocco have increased at an annualized rate of 6.83%, from $368M in 2017 to $512M in 2022.

In 2017, Morocco exported $207M to South Korea. The main products exported from Morocco to South Korea were Crude Petroleum ($47.5M), Fish Fillets ($28M), and Lead Ore ($20.3M). During the last 5 years the exports of Morocco to South Korea have increased at an annualized rate of 2.04%, from $187M in 2022 to $207M in 2017.

Exports from South Korea (Flag) to Morocco (Flag) (2022)

Exports from Morocco (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Morocco
Top DestinationSpain$8.55B

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

In 2022, countries that imported more from South Korea than Morocco included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Morocco than South Korea included Spain ($8.55B), France ($7.92B), and Djibouti ($536M).

Difference in imports from Morocco (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Morocco

Flow
Scale

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

During 2022, South Korea had a large net trade with Morocco in the exports of Transportation ($101M), Metals ($98.8M), and Textiles ($98.7M).

During 2017, Morocco had a large net trade with South Korea in the exports of Mineral Products ($69.8M), Textiles ($49.8M), and Animal Products ($38.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Morocco+$48.6MCars
Top Product Potential Morocco South Korea+$27.9MIntegrated Circuits

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 South Korea and Morocco. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Morocco. Similarly, a dot/product with the flag of Morocco indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Morocco (Flag) (2022)

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