Spain
↔
Morocco

Spain-Morocco Bilateral Trade Analysis 2023

Complete trade statistics: $22.03B total volume •Spain surplus: $2.40B

Spain → Morocco

$12.21B

Exports (2023)

Morocco → Spain

$9.81B

Imports (2023)

Trade Balance

$2.40B

Surplus for Spain

Total Trade

$22.03B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Spain and Morocco. Green line shows exports from Spain, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Spain-Morocco commercial relationship and competitive positioning in global markets.

Spain → Morocco Exports

$12.21B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
13.4% top product
1Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$1.64B
13.4% of exports
2Engines: reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 1000cc
$457.31M
3.7% of exports
3Copper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm
$378.83M
3.1% of exports
4Vehicle parts and accessories: n.e.c. in heading no. 8708
$309.37M
2.5% of exports
5Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified
$272.69M
2.2% of exports
6Electrical energy
$228.72M
1.9% of exports
7Engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87
$226.27M
1.9% of exports
8Electrical apparatus: n.e.c. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts
$194.32M
1.6% of exports
9Insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors
$182.48M
1.5% of exports
10Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated
$174.46M
1.4% of exports

🎯 Strategic Export Focus

Spain's export portfolio to Morocco demonstrates strong diversification across multiple sectors, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.

Morocco → Spain Imports

$9.81B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
21.6% concentration
1Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
$2.12B
21.6% of imports
2Molluscs: octopus (Octopus spp.), frozen
$388.65M
4.0% of imports
3Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc
$325.94M
3.3% of imports
4Molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen
$302.33M
3.1% of imports
5Lighting or visual signalling equipment: electrical, of a kind used on motor vehicles (excluding articles of heading no. 8539)
$221.75M
2.3% of imports
6Vehicle parts: steering wheels, steering columns and steering boxes: parts thereof
$195.28M
2.0% of imports
7Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts
$191.00M
1.9% of imports
8Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1
$174.74M
1.8% of imports
9Dresses: women's or girls', of synthetic fibres (not knitted or crocheted)
$172.38M
1.8% of imports
10Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc
$162.59M
1.7% of imports

📦 Import Strategy Analysis

Spain's import pattern from Morocco reveals strategic sourcingin insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Spain demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Morocco, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $22.03B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Spain-Morocco Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $22.03 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Spain maintains a surplus of $2.40 billion
  • Export Focus: Spain's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, engines: reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 1000cc, copper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm
  • Import Dependencies: Key imports from Morocco include insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, molluscs: octopus (octopus spp.), frozen, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $22.03B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Spain leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Spain's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Morocco's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $22.03B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $22.03B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $22.03 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Spain's trade surplus of $2.40 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in engines: reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 1000cc present expansion opportunities.
Market Diversification
Beyond current focus on insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Spain and Morocco represents a total trade volume of $22.03 billion in 2023. This partnership demonstrates a favorable trade balance for Spain, with exports exceeding importsby $2.40 billion.

Export Strengths

Spain's exports to Morocco total $12.21 billion, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $1.64B or13.4% of bilateral exports.

Import Dependencies

Imports from Morocco amount to $9.81 billion, highlighting economic interdependence in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, with Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships comprising21.6% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Spain's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Spain and Morocco in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023