Morocco (MAR) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Morocco-Armenia Trade: In 2023, Morocco exported $6.74M to Armenia. The main products that Morocco exported to Armenia were Non-Knit Women's Suits ($2.02M), Non-Knit Men's Suits ($691k), and Non-Knit Women's Shirts ($482k). Over the past 5 years the exports of Morocco to Armenia have increased at an annualized rate of 17.8%, from $2.97M in 2018 to $6.74M in 2023.

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

Armenia-Morocco Trade: In 2023, Armenia exported $14.6k to Morocco. The main products that Armenia exported to Morocco were Non-Knit Women's Coats ($8.18k), Non-Knit Women's Suits ($4.64k), and Non-Knit Men's Coats ($702). Over the past 5 years the exports of Armenia to Morocco have decreased at an annualized rate of 6.8%, from $20.7k in 2018 to $14.6k in 2023.

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

Comparison: In 2023, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Morocco exported $6.74M to Armenia. The main products exported from Morocco to Armenia were Non-Knit Women's Suits ($2.02M), Non-Knit Men's Suits ($691k), and Non-Knit Women's Shirts ($482k). During the last 5 years the exports of Morocco to Armenia have increased at an annualized rate of 17.8%, from $2.97M in 2018 to $6.74M in 2023.

In 2018, Armenia exported $14.6k to Morocco. The main products exported from Armenia to Morocco were Non-Knit Women's Coats ($8.18k), Non-Knit Women's Suits ($4.64k), and Non-Knit Men's Coats ($702). During the last 5 years the exports of Armenia to Morocco have decreased at an annualized rate of 6.8%, from $20.7k in 2023 to $14.6k in 2018.

Exports from Morocco () to Armenia () (2023)

Exports from Armenia () to Morocco () (2023)

Latest Data

Trade between Morocco () and Armenia ()

Morocco Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Morocco
Top DestinationSpain$9.8B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Morocco than Armenia included Spain ($9.8B), France ($8.23B), and Germany ($2.89B).

In 2023, countries that imported more from Armenia than Morocco included Russia ($3.38B), United Arab Emirates ($2.25B), and Georgia ($340M).

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

Comparative Advantage Morocco - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Morocco had a large net trade with Armenia in the exports of Textiles ($5.46M), Transportation ($491k), and Vegetable Products ($273k).

During 2018, Armenia had a large net trade with Morocco in the exports of Textiles ($14.2k), Footwear and Headwear ($348), and Chemical Products ($61).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Morocco Armenia+$1.15MNon-Knit Women's Suits

Top Product Potential Armenia Morocco+$42.2kThermostats

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Morocco () to Armenia () (2023)

Exports from Armenia () to Morocco () (2023)

Latest Data

Trade between Morocco () and Armenia ()

Morocco Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Morocco - Armenia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring