2023
Exports
$260MWorld Rnk 86 / 214
Flag Rnk 35 / 1114
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$7.35BWorld Rnk 31 / 226
Flag Rnk 1 / 1185
2023
ECONOMIC COMPLEXITY of Morocco
-0.36Rnk 79 / 132

About

Exports In 2023, Morocco exported $260M in Refined Petroleum, making it the 86th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 35th most exported product in Morocco. The main destination of Refined Petroleum exports from Morocco are: Ghana ($52.4M), Slovenia ($43.1M), South Africa ($33.3M), Turkey ($31.9M), and Senegal ($27.7M).

The fastest growing export markets for Refined Petroleum of Morocco between 2022 and 2023 were Slovenia ($43.1M), South Africa ($33.3M), and Turkey ($31.9M).

Imports In 2023, Morocco imported $7.35B in Refined Petroleum, becoming the 31st 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: Spain ($1.79B), Saudi Arabia ($1.53B), Italy ($648M), Bahrain ($469M), and United Arab Emirates ($394M).

The fastest growing import markets in Refined Petroleum for Morocco between 2022 and 2023 were Bahrain ($433M), United Arab Emirates ($254M), and Lithuania ($111M).

Latest Trends

Dec 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 (2023)$260M
IMPORTS (2023)$7.35B
NET TRADE (2023)-$7.09B

In 2023, Morocco exported $260M in Refined Petroleum. The main destinations of Morocco exports on Refined Petroleum were Ghana ($52.4M), Slovenia ($43.1M), South Africa ($33.3M), Turkey ($31.9M), and Senegal ($27.7M).

In 2023, Morocco imported $7.35B in Refined Petroleum, mainly from Spain ($1.79B), Saudi Arabia ($1.53B), Italy ($648M), Bahrain ($469M), and United Arab Emirates ($394M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Morocco WERE (2022 - 2023):
Slovenia$43.1M (3.35M%)
South Africa$33.3M (1%)
Turkey$31.9M (994k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Morocco WERE (2022 - 2023):
Saudi Arabia-$274M (-100%)
Spain-$4.59M (-78.2%)
Gabon-$803k (-37.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Morocco's main exporting competitors in Refined Petroleum were:
In 2023, 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
View
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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