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Pricing

2022
Flag → Flag
Exports $897MRnk 15 / 208
2022
Flag → Flag
Top Product $75.8MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $575MRnk 15 / 186
2022
Flag → Flag
Top Product $170MCars
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP GROWTH25.5%CURRENT US$
Rnk 109 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

Portugal-Morocco Trade: In 2022, Portugal exported $897M to Morocco. The main products that Portugal exported to Morocco were Motor vehicles; parts and accessories (8701 to 8705) ($75.8M), Insulated Wire ($41.1M), and Uncoated Paper ($40.3M). Over the past 5 years the exports of Portugal to Morocco have decreased at an annualized rate of 1.78%, from $981M in 2017 to $897M in 2022.

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 2022, Morocco exported $575M to Portugal. The main products that Morocco exported to Portugal were Cars ($170M), Insulated Wire ($34.5M), and Electrical Lighting and Signalling Equipment ($21.3M). Over the past 5 years the exports of Morocco to Portugal have increased at an annualized rate of 9.96%,  from $358M in 2017 to $575M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €67.1M and imported €30.2M from Morocco, resulting in a positive trade balance of €36.9M. Between June 2023 and June 2024 the exports of Portugal have decreased by €-22.9M (-25.5%) from €90M to €67.1M, while imports decreased by €-25.5M (-45.8%) from €55.7M to €30.2M.

Trade In June 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 June 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 June 2024, the decrease in Portugal's year-by-year exports to Morocco was explained primarily by an decrease in product exports in Iron & steel (€-3.52M or -96.3%), Edible products of animal origin, n.e.s. (€-2.42M or -89.3%), and Cars, tractors, trucks & parts thereof. (€-1.89M or -19.1%). In June 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 (June 2023 - June 2024)€-22.9M(-25.5%)
IMPORT GROWTH (June 2023 - June 2024)€-25.5M(-45.8%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $897M to Morocco. The main products exported from Portugal to Morocco were Motor vehicles; parts and accessories (8701 to 8705) ($75.8M), Insulated Wire ($41.1M), and Uncoated Paper ($40.3M). During the last 5 years the exports of Portugal to Morocco have decreased at an annualized rate of 1.78%, from $981M in 2017 to $897M in 2022.

In 2017, Morocco exported $575M to Portugal. The main products exported from Morocco to Portugal were Cars ($170M), Insulated Wire ($34.5M), and Electrical Lighting and Signalling Equipment ($21.3M). During the last 5 years the exports of Morocco to Portugal have increased at an annualized rate of 9.96%, from $358M in 2022 to $575M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Morocco
Top DestinationSpain$8.55B

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 2022, countries that imported more from Portugal than Morocco included Spain ($20.5B), Germany ($8.76B), and United States ($5.66B).

In 2022, countries that imported more from Morocco than Portugal included India ($2.99B), Brazil ($1.96B), and Bangladesh ($872M).

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

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 2022, Portugal had a large net trade with Morocco in the exports of Machines ($173M), Transportation ($146M), and Textiles ($113M).

During 2017, Morocco had a large net trade with Portugal in the exports of Transportation ($202M), Textiles ($82.7M), and Machines ($65.5M).

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) (2022)

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