2021
Exports | Imports
$25.3M | $6.33BWorld Rnk 121 / 218
Flag Rnk 3 / 369
World Rnk 31 / 226
Flag Rnk 1 / 948
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Gibraltar exported $25.3M in Refined Petroleum, making it the 121st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Gibraltar. The main destination of Refined Petroleum exports from Gibraltar are: Belgium ($8.59M), Guatemala ($7.41M), Spain ($6.17M), Netherlands ($3.09M), and United States ($61.6k).

The fastest growing export markets for Refined Petroleum of Gibraltar between 2020 and 2021 were Belgium ($8.59M), Guatemala ($7.41M), and Spain ($6.17M).

Imports In 2021, Gibraltar imported $6.33B 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 Gibraltar. Gibraltar imports Refined Petroleum primarily from: Greece ($1.2B), Italy ($1.13B), Spain ($884M), Portugal ($474M), and United States ($474M).

The fastest growing import markets in Refined Petroleum for Gibraltar between 2020 and 2021 were Greece ($713M), Italy ($580M), and Portugal ($271M).

Latest Trends

Dec 2023

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 (2021)$25.3M
IMPORTS (2021)$6.33B
NET TRADE (2021)-$6.31B

In 2021, Gibraltar exported $25.3M in Refined Petroleum. The main destinations of Gibraltar exports on Refined Petroleum were Belgium ($8.59M), Guatemala ($7.41M), Spain ($6.17M), Netherlands ($3.09M), and United States ($61.6k).

In 2021, Gibraltar imported $6.33B in Refined Petroleum, mainly from Greece ($1.2B), Italy ($1.13B), Spain ($884M), Portugal ($474M), and United States ($474M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Gibraltar WERE (2020 - 2021):
Belgium$8.59M (4.11M%)
Guatemala$7.41M (1%)
Spain$6.17M (1.24M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Gibraltar WERE (2020 - 2021):
Malaysia-$19.8M (-100%)
Netherlands-$18.8M (-85.9%)
United Kingdom-$9.7M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Type
In 2021, Gibraltar's main exporting competitors in Refined Petroleum were:
In 2021, Gibraltar's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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