Iceland (ISL) and Morocco (MAR) Trade | The Observatory of Economic Complexity

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Iceland-Morocco In 2022, Iceland exported $2.44M to Morocco. The main products that Iceland exported to Morocco are Molluscs ($972k), Scrap Iron ($956k), and Non-fillet Frozen Fish ($116k). During the last 27 years the exports of Iceland to Morocco have increased at an annualized rate of 15.5%, from $49.5k in 1995 to $2.44M in 2022.

In 2019, Iceland exported services to Morocco worth $112k, with Travel ($112k) being the largest in terms of value.

Morocco-Iceland In 2022, Morocco exported $16.9M to Iceland. The main products that Morocco exported to Iceland were Fish oil ($4.49M), Passenger and Cargo Ships ($2.62M), and Other Fruits ($2.08M). During the last 27 years the exports of Morocco to Iceland have increased at an annualized rate of 14.8%, from $410k in 1995 to $16.9M in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $2.44M to Morocco. The main products exported from Iceland to Morocco were Molluscs ($972k), Scrap Iron ($956k), and Non-fillet Frozen Fish ($116k). During the last 27 years the exports of Iceland to Morocco have increased at an annualized rate of 15.5%, from $49.5k in 1995 to $2.44M in 2022.

In 2022, Morocco exported $16.9M to Iceland. The main products exported from Morocco to Iceland were Fish oil ($4.49M), Passenger and Cargo Ships ($2.62M), and Other Fruits ($2.08M). During the last 27 years the exports of Morocco to Iceland have increased at an annualized rate of 14.8%, from $410k in 1995 to $16.9M in 2022.

Exports from Iceland () to Morocco () (2022)

Exports from Morocco () to Iceland () (2022)

Latest Data

Trade between Iceland () and Morocco ()

Iceland Exports

Date

Morocco Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Morocco
Top DestinationSpain$8.55B

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

In 2021, countries that imported more from Iceland than Morocco were Netherlands ($1.97B), Norway ($459M), and Denmark ($257M).

In 2021, countries that imported more from Morocco than Iceland were Spain ($8.55B), France ($7.92B), and India ($2.99B).

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

Comparative Advantage Iceland - Morocco

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Morocco in the exports of Animal Products ($1.18M), Metals ($1.02M), and Machines ($81.6k).

During 2022, Morocco had a large net trade with Iceland in the exports of Transportation ($6.07M), Animal and Vegetable Bi-Products ($4.49M), and Vegetable Products ($2.91M).

Service Trade

Bilateral Service Trade

Isl Year

In 2019, Iceland exported services to Morocco worth $112k, with Travel ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Morocco () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Morocco. Similarly, the more yellow a dot/product is, the more Morocco has comparative advantage over Iceland.

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Morocco () (2022)

Exports from Morocco () to Iceland () (2022)

Latest Data

Trade between Iceland () and Morocco ()

Iceland Exports

Morocco Exports

Market Competitiveness

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

Comparative Advantage Iceland - Morocco

Service Trade

Bilateral Service Trade

Services Exports from Iceland () to Morocco () (2019)

Economic Complexity

Competitive Landscape

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

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