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Pricing

2022
Flag → Flag
Exports $5.32MRnk 125 / 186
2022
Flag → Flag
Top Product $1.44MNon-Knit Women's Suits
2022
Flag → Flag
Exports $73.5kRnk 94 / 129
2022
Flag → Flag
Top Product $25.5kThermostats
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP GROWTH25.5%CURRENT US$
Rnk 109 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Morocco-Armenia Trade: In 2022, Morocco exported $5.32M to Armenia. The main products that Morocco exported to Armenia were Non-Knit Women's Suits ($1.44M), Non-Knit Men's Suits ($634k), and Non-Knit Women's Shirts ($435k). Over the past 5 years the exports of Morocco to Armenia have increased at an annualized rate of 16.9%, from $2.43M in 2017 to $5.32M in 2022.

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

Armenia-Morocco Trade: In 2022, Armenia exported $73.5k to Morocco. The main products that Armenia exported to Morocco were Thermostats ($25.5k), Other Electrical Machinery ($16.5k), and Valves ($10.9k). Over the past 5 years the exports of Armenia to Morocco have increased at an annualized rate of 118%,  from $1.48k in 2017 to $73.5k in 2022.

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

Comparison: In 2022,  Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Morocco exported $5.32M to Armenia. The main products exported from Morocco to Armenia were Non-Knit Women's Suits ($1.44M), Non-Knit Men's Suits ($634k), and Non-Knit Women's Shirts ($435k). During the last 5 years the exports of Morocco to Armenia have increased at an annualized rate of 16.9%, from $2.43M in 2017 to $5.32M in 2022.

In 2017, Armenia exported $73.5k to Morocco. The main products exported from Armenia to Morocco were Thermostats ($25.5k), Other Electrical Machinery ($16.5k), and Valves ($10.9k). During the last 5 years the exports of Armenia to Morocco have increased at an annualized rate of 118%, from $1.48k in 2022 to $73.5k in 2017.

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

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

Latest Data

Trade between Morocco (Flag) and Armenia (Flag)

Morocco Exports

Armenia Exports

Market Competitiveness

Color
Morocco
Top DestinationSpain$8.55B
Armenia
Top DestinationRussia$2.36B

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 2022, countries that imported more from Morocco than Armenia included Spain ($8.55B), France ($7.92B), and India ($2.99B).

In 2022, countries that imported more from Armenia than Morocco included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

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

Comparative Advantage Morocco - Armenia

Flow
Scale

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

During 2022, Morocco had a large net trade with Armenia in the exports of Textiles ($4.44M), Chemical Products ($194k), and Footwear and Headwear ($177k).

During 2017, Armenia had a large net trade with Morocco in the exports of Machines ($28.1k), Instruments ($25.5k), and Textiles ($19.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
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.

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Economic Complexity

Competitive Landscape

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.

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

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