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2023
Flag → Flag
Exports $1.65BRnk 11 / 211
2023
Flag → Flag
Top Product $191MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $568MRnk 17 / 187
2023
Flag → Flag
Top Product $166MCars
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.36Rnk 79 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$144BCURRENT US$
Rnk 60 / 195
2013-2023
Flag
GDP GROWTH24.8%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
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GDP PC$3,771CURRENT US$
Rnk 134 / 196
2013-2023
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GDP PC GROWTH11.6%CURRENT US$
Rnk 128 / 195

About

Portugal-Morocco Trade: In 2023, Portugal exported $1.65B to Morocco. The main products that Portugal exported to Morocco were Motor vehicles; parts and accessories (8701 to 8705) ($191M), Insulated Wire ($167M), and Light Rubberized Knitted Fabric ($85.8M). Over the past 5 years the exports of Portugal to Morocco have increased at an annualized rate of 4.58%, from $1.32B in 2018 to $1.65B in 2023.

In 2020, Portugal exported services to Morocco worth $4.57M, with Travel ($4.57M) being the largest in terms of value.

Morocco-Portugal Trade: In 2023, Morocco exported $568M to Portugal. The main products that Morocco exported to Portugal were Cars ($166M), Delivery Trucks ($37.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($35.7M). Over the past 5 years the exports of Morocco to Portugal have increased at an annualized rate of 13.5%,  from $301M in 2018 to $568M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €129M and imported €32.8M from Morocco, resulting in a positive trade balance of €96.3M. Between November 2023 and November 2024 the exports of Portugal have increased by €54.5M (73.2%) from €74.5M to €129M, while imports decreased by €-14.7M (-31%) from €47.5M to €32.8M.

Trade In November 2024, the top exports of Portugal to Morocco were Machinery, mechanical appliances, & parts (€15.8M), Animal or vegetable fats, oils, &... (€8.35M), Cars, tractors, trucks & parts thereof. (€8.05M), Electrical machinery and electronics (€7.74M), and Plastics & articles thereof (€4.75M). In November 2024 the top imports of Portugal from Morocco were Cars, tractors, trucks & parts thereof. (€4.99M), Electrical machinery and electronics (€4.39M), Edible vegetables, roots, & tubers (€3.11M), Non-knitted clothing accesories (€2.64M), and Inorganic chemicals (€2.39M).

Growth In November 2024, the increase in Portugal's year-by-year exports to Morocco was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€10.8M or 215%), Electrical machinery and electronics (€5.16M or 200%), and Animal or vegetable fats, oils, &... (€4.72M or 130%). In November 2024, the decrease in Portugal's year-by-year imports  from Morocco was explained primarily by an decrease in product imports  in Cork & cork articles (€-1.16M or -80%), Fertilizers (€-832k or -81.6%), and Salt, sulphur, cement, lime, stone, &... (€-701k or -42.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€54.5M(73.2%)
IMPORT GROWTH (November 2023 - November 2024)€-14.7M(-31%)

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

To check Morocco and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Morocco and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $1.65B to Morocco. The main products exported from Portugal to Morocco were Motor vehicles; parts and accessories (8701 to 8705) ($191M), Insulated Wire ($167M), and Light Rubberized Knitted Fabric ($85.8M). During the last 5 years the exports of Portugal to Morocco have increased at an annualized rate of 4.58%, from $1.32B in 2018 to $1.65B in 2023.

In 2018, Morocco exported $568M to Portugal. The main products exported from Morocco to Portugal were Cars ($166M), Delivery Trucks ($37.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($35.7M). During the last 5 years the exports of Morocco to Portugal have increased at an annualized rate of 13.5%, from $301M in 2023 to $568M in 2018.

Exports from Portugal (Flag) to Morocco (Flag) (2023)

Exports from Morocco (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Morocco
Top DestinationSpain$9.8B

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

In 2023, countries that imported more from Portugal than Morocco included Spain ($17.7B), Germany ($8.12B), and United States ($6.41B).

In 2023, countries that imported more from Morocco than Portugal included India ($1.41B), Ethiopia ($677M), and Djibouti ($539M).

Difference in imports from Morocco (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Morocco

Flow
Scale

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

During 2023, Portugal had a large net trade with Morocco in the exports of Machines ($326M), Textiles ($298M), and Transportation ($292M).

During 2018, Morocco had a large net trade with Portugal in the exports of Transportation ($240M), Machines ($62.6M), and Textiles ($59.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Morocco+$27.8MRefined Petroleum
Top Product Potential Morocco Portugal+$63.3MCars

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

Product Space of Portugal (Flag) and Morocco (Flag) (2023)

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