Morocco (MAR) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Morocco-South Korea Trade: In 2023, Morocco exported $42.8M to South Korea. The main products that Morocco exported to South Korea were Non-fillet Frozen Fish ($11.7M), Lead Ore ($7.75M), and Calcium Phosphates ($4.24M). Over the past 5 years the exports of Morocco to South Korea have decreased at an annualized rate of 25.4%, from $185M in 2018 to $42.8M in 2023.

In 2023, Morocco did not export any services to South Korea.

South Korea-Morocco Trade: In 2023, South Korea exported $663M to Morocco. The main products that South Korea exported to Morocco were Cars ($93.7M), Refined Petroleum ($87.5M), and Coated Flat-Rolled Iron ($44.6M). Over the past 5 years the exports of South Korea to Morocco have increased at an annualized rate of 7.07%, from $471M in 2018 to $663M in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Morocco exported $42.8M to South Korea. The main products exported from Morocco to South Korea were Non-fillet Frozen Fish ($11.7M), Lead Ore ($7.75M), and Calcium Phosphates ($4.24M). During the last 5 years the exports of Morocco to South Korea have decreased at an annualized rate of 25.4%, from $185M in 2018 to $42.8M in 2023.

In 2018, South Korea exported $663M to Morocco. The main products exported from South Korea to Morocco were Cars ($93.7M), Refined Petroleum ($87.5M), and Coated Flat-Rolled Iron ($44.6M). During the last 5 years the exports of South Korea to Morocco have increased at an annualized rate of 7.07%, from $471M in 2023 to $663M in 2018.

Exports from Morocco () to South Korea () (2023)

Exports from South Korea () to Morocco () (2023)

Latest Data

Trade between Morocco () and South Korea ()

Morocco Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Morocco
Top DestinationSpain$9.8B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Morocco than South Korea included Spain ($9.8B), Djibouti ($539M), and Ethiopia ($677M).

In 2023, countries that imported more from South Korea than Morocco included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea () and Morocco () (2023)

Comparative Advantage Morocco - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Morocco had a large net trade with South Korea in the exports of Mineral Products ($13.4M), Animal Products ($13.2M), and Metals ($7.65M).

During 2018, South Korea had a large net trade with Morocco in the exports of Machines ($159M), Transportation ($141M), and Textiles ($89.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Morocco South Korea+$27.9MIntegrated Circuits

Top Product Potential South Korea Morocco+$48.6MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Morocco () to South Korea () (2023)

Exports from South Korea () to Morocco () (2023)

Latest Data

Trade between Morocco () and South Korea ()

Morocco Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Morocco () (2023)

Comparative Advantage Morocco - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Morocco () and South Korea () (2023)

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