Peru (PER) and Morocco (MAR) Trade | The Observatory of Economic Complexity

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Peru-Morocco Trade: In 2022, Peru exported $35.3M to Morocco. The main products that Peru exported to Morocco were Molluscs ($7.96M), Sowing Seeds ($7.21M), and Other Oily Seeds ($5.6M). Over the past 5 years the exports of Peru to Morocco have increased at an annualized rate of 8.66%, from $23.3M in 2017 to $35.3M in 2022.

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

Morocco-Peru Trade: In 2022, Morocco exported $110M to Peru. The main products that Morocco exported to Peru were Calcium Phosphates ($53.4M), Fish Oil ($44.1M), and Non-Knit Women's Suits ($3.22M). Over the past 5 years the exports of Morocco to Peru have increased at an annualized rate of 12.3%, from $61.8M in 2017 to $110M in 2022.

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $35.3M to Morocco. The main products exported from Peru to Morocco were Molluscs ($7.96M), Sowing Seeds ($7.21M), and Other Oily Seeds ($5.6M). During the last 5 years the exports of Peru to Morocco have increased at an annualized rate of 8.66%, from $23.3M in 2017 to $35.3M in 2022.

In 2017, Morocco exported $110M to Peru. The main products exported from Morocco to Peru were Calcium Phosphates ($53.4M), Fish Oil ($44.1M), and Non-Knit Women's Suits ($3.22M). During the last 5 years the exports of Morocco to Peru have increased at an annualized rate of 12.3%, from $61.8M in 2022 to $110M in 2017.

Exports from Peru () to Morocco () (2022)

Exports from Morocco () to Peru () (2022)

Latest Data

Trade between Peru () and Morocco ()

Peru Exports

Date

Morocco Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Morocco
Top DestinationSpain$8.55B

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

In 2022, countries that imported more from Peru than Morocco included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

In 2022, countries that imported more from Morocco than Peru included France ($7.92B), Spain ($8.55B), and Italy ($2.2B).

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

Comparative Advantage Peru - Morocco

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Morocco in the exports of Vegetable Products ($14.8M), Animal Products ($9.27M), and Metals ($5.24M).

During 2017, Morocco had a large net trade with Peru in the exports of Mineral Products ($53.5M), Animal and Vegetable Bi-Products ($44.1M), and Textiles ($9.42M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Morocco+$1.58MTropical Fruits

Top Product Potential Morocco Peru+$5.38MMixed Mineral or Chemical Fertilizers

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Morocco () (2022)

Exports from Morocco () to Peru () (2022)

Latest Data

Trade between Peru () and Morocco ()

Peru Exports

Morocco Exports

Market Competitiveness

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

Comparative Advantage Peru - Morocco

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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