2022
Exports
$102MWorld Rnk 103 / 214
Flag Rnk 56 / 1105
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$8.59BWorld Rnk 34 / 225
Flag Rnk 1 / 1188
2022
ECONOMIC COMPLEXITY of Morocco
-0.29Rnk 80 / 133

About

Exports In 2022, Morocco exported $102M in Refined Petroleum, making it the 103rd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 56th most exported product in Morocco. The main destination of Refined Petroleum exports from Morocco are: Senegal ($26.2M), Ghana ($18.1M), Burkina Faso ($14.6M), Mauritania ($9.92M), and Cote d'Ivoire ($9.2M).

The fastest growing export markets for Refined Petroleum of Morocco between 2021 and 2022 were Senegal ($5.88M), Mauritania ($4.17M), and Burkina Faso ($2.27M).

Imports In 2022, Morocco imported $8.59B in Refined Petroleum, becoming the 34th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Morocco. Morocco imports Refined Petroleum primarily from: Saudi Arabia ($2.98B), Spain ($1.81B), Italy ($755M), Russia ($602M), and United Kingdom ($374M).

The fastest growing import markets in Refined Petroleum for Morocco between 2021 and 2022 were Saudi Arabia ($1.79B), Spain ($312M), and Italy ($226M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$102M
IMPORTS (2022)$8.59B
NET TRADE (2022)-$8.49B

In 2022, Morocco exported $102M in Refined Petroleum. The main destinations of Morocco exports on Refined Petroleum were Senegal ($26.2M), Ghana ($18.1M), Burkina Faso ($14.6M), Mauritania ($9.92M), and Cote d'Ivoire ($9.2M).

In 2022, Morocco imported $8.59B in Refined Petroleum, mainly from Saudi Arabia ($2.98B), Spain ($1.81B), Italy ($755M), Russia ($602M), and United Kingdom ($374M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Morocco WERE (2021 - 2022):
Senegal$5.88M (28.8%)
Mauritania$4.17M (72.6%)
Burkina Faso$2.27M (18.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Morocco WERE (2021 - 2022):
Spain-$3.79M (-43.7%)
Cote d'Ivoire-$2.33M (-20.2%)
Saudi Arabia-$2.26M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Morocco's main exporting competitors in Refined Petroleum were:
In 2022, Morocco's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSpain+ $8.72M
TOP IMPORT POTENTIALIndia+ $255M

Refined Petroleum’s highest export potential is Spain. With an export gap of $8.72M.   Refined Petroleum’s highest import potential is India with an import gap of $255M.

See methodology.

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