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2022
Flag → Flag
Exports $808MRnk 13 / 186
2022
Flag → Flag
Top Product $309MPhosphoric Acid
2022
Flag → Flag
Exports $1.27BRnk 43 / 222
2022
Flag → Flag
Top Product $376MCopper Wire
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP GROWTH25.5%CURRENT US$
Rnk 109 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Morocco-Belgium Trade: In 2022, Morocco exported $808M to Belgium. The main products that Morocco exported to Belgium were Phosphoric Acid ($309M), Cars ($199M), and Insulated Wire ($43.9M). Over the past 5 years the exports of Morocco to Belgium have increased at an annualized rate of 15.2%, from $398M in 2017 to $808M in 2022.

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

Belgium-Morocco Trade: In 2022, Belgium exported $1.27B to Morocco. The main products that Belgium exported to Morocco were Copper Wire ($376M), Refined Petroleum ($53.1M), and Cars ($48.3M). Over the past 5 years the exports of Belgium to Morocco have increased at an annualized rate of 12.1%,  from $715M in 2017 to $1.27B in 2022.

In 2020, Belgium exported services to Morocco worth $50.3M, with Transportation ($19.4M), Other business services ($17.1M), and Financial services ($4.57M) being the largest in terms of value.

Comparison: In 2022,  Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Morocco exported $808M to Belgium. The main products exported from Morocco to Belgium were Phosphoric Acid ($309M), Cars ($199M), and Insulated Wire ($43.9M). During the last 5 years the exports of Morocco to Belgium have increased at an annualized rate of 15.2%, from $398M in 2017 to $808M in 2022.

In 2017, Belgium exported $1.27B to Morocco. The main products exported from Belgium to Morocco were Copper Wire ($376M), Refined Petroleum ($53.1M), and Cars ($48.3M). During the last 5 years the exports of Belgium to Morocco have increased at an annualized rate of 12.1%, from $715M in 2022 to $1.27B in 2017.

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

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

Latest Data

Trade between Morocco (Flag) and Belgium (Flag)

Morocco Exports

Belgium Exports

Market Competitiveness

Color
Morocco
Top DestinationSpain$8.55B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Morocco than Belgium included Bangladesh ($872M), Djibouti ($536M), and Pakistan ($840M).

In 2022, countries that imported more from Belgium than Morocco included Germany ($91.9B), Netherlands ($65.7B), and France ($71.1B).

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

Comparative Advantage Morocco - Belgium

Flow
Scale

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

During 2022, Morocco had a large net trade with Belgium in the exports of Chemical Products ($357M), Transportation ($207M), and Machines ($56.2M).

During 2017, Belgium had a large net trade with Morocco in the exports of Metals ($428M), Chemical Products ($177M), and Machines ($158M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Morocco Belgium+$153MCars
Top Product Potential Belgium Morocco+$71.2MRefined Petroleum

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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Bilateral Service Trade

In 2020, Belgium exported services to Morocco worth $50.3M, with Transportation ($19.4M), Other business services ($17.1M), and Financial services ($4.57M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Morocco (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Morocco (Flag) and Belgium (Flag) (2022)

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