Venezuela (VEN) and Morocco (MAR) Trade | The Observatory of Economic Complexity

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Venezuela-Morocco Trade: In 2022, Venezuela exported $1.84M to Morocco. The main products that Venezuela exported to Morocco were Crustaceans ($1.79M), Processed Crustaceans ($40.3k), and Trunks and Cases ($3.64k). Over the past 5 years the exports of Venezuela to Morocco have decreased at an annualized rate of 42.5%, from $29.3M in 2017 to $1.84M in 2022.

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

Morocco-Venezuela Trade: In 2022, Morocco exported $965k to Venezuela. The main products that Morocco exported to Venezuela were Preserved Vegetables ($803k), Perfumes ($80.1k), and Yeast ($72.8k). Over the past 5 years the exports of Morocco to Venezuela have decreased at an annualized rate of 22.7%, from $12.7M in 2017 to $965k in 2022.

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

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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, Venezuela exported $1.84M to Morocco. The main products exported from Venezuela to Morocco were Crustaceans ($1.79M), Processed Crustaceans ($40.3k), and Trunks and Cases ($3.64k). During the last 5 years the exports of Venezuela to Morocco have decreased at an annualized rate of 42.5%, from $29.3M in 2017 to $1.84M in 2022.

In 2017, Morocco exported $965k to Venezuela. The main products exported from Morocco to Venezuela were Preserved Vegetables ($803k), Perfumes ($80.1k), and Yeast ($72.8k). During the last 5 years the exports of Morocco to Venezuela have decreased at an annualized rate of 22.7%, from $12.7M in 2022 to $965k in 2017.

Exports from Venezuela () to Morocco () (2022)

Exports from Morocco () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Morocco ()

Morocco Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Morocco
Top DestinationSpain$8.55B

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

In 2022, countries that imported more from Venezuela than Morocco included China ($703M), Guatemala ($84.5M), and Montenegro ($75.9M).

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

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

Comparative Advantage Venezuela - Morocco

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Morocco in the exports of Animal Products ($1.79M), Foodstuffs ($40.3k), and Animal Hides ($3.64k).

During 2017, Morocco had a large net trade with Venezuela in the exports of Vegetable Products ($803k), Chemical Products ($80.1k), and Foodstuffs ($72.8k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Venezuela and Morocco. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Morocco. Similarly, a dot/product with the flag of Morocco indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Morocco () (2022)

Exports from Morocco () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Morocco ()

Morocco Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Morocco

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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