Vietnam (VNM) and Morocco (MAR) Trade | The Observatory of Economic Complexity

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Vietnam-Morocco Trade: In 2023, Vietnam exported $405M to Morocco. The main products that Vietnam exported to Morocco were Broadcasting Equipment ($197M), Footwear Parts ($34.3M), and Coconuts, Brazil Nuts, and Cashews ($26.3M). Over the past 5 years the exports of Vietnam to Morocco have increased at an annualized rate of 10.9%, from $242M in 2018 to $405M in 2023.

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

Morocco-Vietnam Trade: In 2023, Morocco exported $5.5M to Vietnam. The main products that Morocco exported to Vietnam were Molluscs ($2.59M), Knit Men's Undergarments ($1.07M), and Broadcasting Equipment ($572k). Over the past 5 years the exports of Morocco to Vietnam have decreased at an annualized rate of 31.9%, from $37.5M in 2018 to $5.5M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $405M to Morocco. The main products exported from Vietnam to Morocco were Broadcasting Equipment ($197M), Footwear Parts ($34.3M), and Coconuts, Brazil Nuts, and Cashews ($26.3M). During the last 5 years the exports of Vietnam to Morocco have increased at an annualized rate of 10.9%, from $242M in 2018 to $405M in 2023.

In 2018, Morocco exported $5.5M to Vietnam. The main products exported from Morocco to Vietnam were Molluscs ($2.59M), Knit Men's Undergarments ($1.07M), and Broadcasting Equipment ($572k). During the last 5 years the exports of Morocco to Vietnam have decreased at an annualized rate of 31.9%, from $37.5M in 2023 to $5.5M in 2018.

Exports from Vietnam () to Morocco () (2023)

Exports from Morocco () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Morocco ()

Morocco Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Morocco
Top DestinationSpain$9.8B

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

In 2023, countries that imported more from Vietnam than Morocco included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Morocco than Vietnam included Spain ($9.8B), France ($8.23B), and Ethiopia ($677M).

Difference in imports from Morocco () and Vietnam () (2023)

Comparative Advantage Vietnam - Morocco

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Morocco in the exports of Machines ($236M), Footwear and Headwear ($52.7M), and Vegetable Products ($51.5M).

During 2018, Morocco had a large net trade with Vietnam in the exports of Animal Products ($2.82M), Textiles ($1.34M), and Machines ($684k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Morocco+$52.8MTelephones

Top Product Potential Morocco Vietnam+$9.91MIntegrated Circuits

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Morocco () (2023)

Exports from Morocco () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Morocco ()

Morocco Exports

Market Competitiveness

Difference in imports from Morocco () and Vietnam () (2023)

Comparative Advantage Vietnam - Morocco

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Morocco () (2023)

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