Spain (ESP) and Gibraltar (GIB) Trade | OEC - The Observatory of Economic Complexity

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Spain-Gibraltar In 2020, Spain exported $917M to Gibraltar. The main products that Spain exported to Gibraltar are Refined Petroleum ($673M), Cars ($23.6M), and Petroleum Gas ($9.12M). During the last 25 years the exports of Spain to Gibraltar have increased at an annualized rate of 6.59%, from $186M in 1995 to $917M in 2020.

In 2020, Spain did not export any services to Gibraltar.

Gibraltar-Spain In 2020, Gibraltar exported $3.6M to Spain. The main products that Gibraltar exported to Spain were Scrap Iron ($631k), Cars ($295k), and Wood Crates ($283k). During the last 25 years the exports of Gibraltar to Spain have decreased at an annualized rate of 0.18%, from $3.76M in 1995 to $3.6M in 2020.

In 2020, Gibraltar did not export any services to Spain.

Comparison In 2020, Spain ranked 34 in the Economic Complexity Index (ECI 0.76), and 17 in total exports ($298B). That same year, Gibraltar ranked 177 in total exports ($204M), and does not have data regarding Economic Complexity Index.

Latest Trends

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December, 2022

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Overview In December 2022, Spain exported €111M and imported €394k from Gibraltar, resulting in a positive trade balance of €111M. Between December 2021 and December 2022 the exports of Spain have decreased by €-27.7M (-19.9%) from €139M to €111M, while imports decreased by €-39.7k (-9.15%) from €434k to €394k.

Trade In December 2022, the top exports of Spain to Gibraltar were Refined Petroleum (€16.9M), Petroleum Gas (€13.5M), Cars (€2.65M), Iron Structures (€860k), and Other Furniture (€500k). In December 2022 the top imports of Spain from Gibraltar were Special purpose motor vehicles (€50k), Scrap Iron (€49.3k), House Linens (€30.8k), Gravel and Crushed Stone (€27.2k), and Other Floating Structures (€18k).

Origins In December 2022 the exports of Spain were mainly from Cádiz (€22.6M), Vizcaya (€21M), Castellón (€16.5M), La Coruña (€15.4M), and Tarragona (€15.1M), while imports destinations were mainly Cádiz (€241k), Sevilla (€91k), Madrid (€19.6k), Pontevedra (€17.8k), and Málaga (€16k).

Growth In December 2022, the decrease in Spain's year-by-year exports to Gibraltar was explained primarily by an decrease in product exports in Refined Petroleum (€-12.9M or -43.3%), Felt or Coated Fabric Garments (€-185k or -95%), and Other Cloth Articles (€-181k or -78.7%). In December 2022, the decrease in Spain's year-by-year imports from Gibraltar was explained primarily by an decrease in product imports in Engine Parts (€-6.97k or -96.1%), Air Pumps (€-3.35k or -84.8%), and Computers (€-2.9k or -96%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (December 2021 - December 2022): €-27.7M, (-19.9%)

IMPORT GROWTH (December 2021 - December 2022): €-39.7k, (-9.15%)

MAIN EXPORTER (December 2022): Cádiz, €22.6M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Gibraltar and Spain trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, Spain exported $917M to Gibraltar. The main products exported from Spain to Gibraltar were Refined Petroleum ($673M), Cars ($23.6M), and Petroleum Gas ($9.12M). During the last 25 years the exports of Spain to Gibraltar have increased at an annualized rate of 6.59%, from $186M in 1995 to $917M in 2020.

In 2020, Gibraltar exported $3.6M to Spain. The main products exported from Gibraltar to Spain were Scrap Iron ($631k), Cars ($295k), and Wood Crates ($283k). During the last 25 years the exports of Gibraltar to Spain have decreased at an annualized rate of 0.18%, from $3.76M in 1995 to $3.6M in 2020.

Market Competitiveness

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Measure

SectionYear

Spain
Top Destination: France, $47.6B

Gibraltar
Top Destination: Netherlands, $58.7M

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

In 2019, countries that imported more from Spain than Gibraltar were France ($47.6B), Germany ($34B), and Portugal ($23.8B).

In 2019, no countries were registered that imported more from Gibraltar than from Spain.

Comparative Advantage Spain - Gibraltar

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Flow

Scale

Year

This chart compares trade between Spain and Gibraltar by product, considering products traded by both, Spain and Gibraltar.

During 2020, Spain had a large net trade with Gibraltar in the exports of Mineral Products ($688M), Transportation ($41.9M), and Machines ($31.8M).

During 2020, Gibraltar had a large net trade with Spain in the exports of Metals ($1.11M), Transportation ($618k), and Machines ($322k).

Economic Complexity

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Competitive Landscape

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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 Spain has comparative advantage over Gibraltar. Similarly, the more yellow a dot/product is, the more Gibraltar has comparative advantage over Spain.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Spain - Gibraltar

Economic Complexity

Competitive Landscape

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