Gibraltar
Product Exports (2018): $172M, Rank 178 of 222
Exports Per Capita (2018): $5.1k, Rank 139 of 219
Product Imports (2018): $9.32B, Rank 106 of 221
Imports Per Capita (2018): $276k, Rank 111 of 219
Overview: In 2018 Gibraltar was the number 178 in total exports and the number 106 in total imports. In 2018, Gibraltar exported $172M and imported $9.32B, resulting in a negative trade balance of -$9.15B. In 2018, Gibraltar's exports per capita were $5.1k and its imports per capita were $276k.
Trade: The top exports of Gibraltar are Refined Petroleum ($62.3M), Cars ($48M), Passenger and Cargo Ships ($31.6M), Recreational Boats ($15.8M), and Surveying Equipment ($1.31M). The top imports of Gibraltar are Refined Petroleum ($7.3B), Recreational Boats ($668M), Cars ($254M), Coal Tar Oil ($233M), and Petroleum Gas ($132M).
Destinations: Gibraltar exports mostly to Italy ($41.8M), Netherlands ($38.3M), Poland ($31.6M), Belgium-Luxembourg ($22.9M), and United Kingdom ($8.51M), and imports mostly from Spain ($1.87B), Italy ($1.36B), Netherlands ($1.03B), United States ($989M), and Greece ($672M).
Location: Gibraltar borders Spain by land and Morocco by sea.
Product Trade
#permalink to sectionProduct Exports
#permalink to sectionTop Export (2018): Refined Petroleum, $62.3M
Top Destination (2018): Italy, $41.8M
In 2018 Gibraltar exported a total of $172M, making it the number 178 exporter in the world. During the last five reported years the exports of Gibraltar have changed by -$421M from $593M in 2013 to $172M in 2018.
The most recent exports are led by Refined Petroleum ($62.3M), Cars ($48M), Passenger and Cargo Ships ($31.6M), Recreational Boats ($15.8M), and Surveying Equipment ($1.31M). The most common destination for the exports of Gibraltar are Italy ($41.8M), Netherlands ($38.3M), Poland ($31.6M), Belgium-Luxembourg ($22.9M), and United Kingdom ($8.51M).
Product Imports
#permalink to sectionTop Import (2018): Refined Petroleum, $7.3B
Top Origin (2018): Spain, $1.87B
In 2018 Gibraltar imported $9.32B, making it the number 106 trade destination in the world. During the last five reported years the imports of Gibraltar changed by -$8.16B from $17.5B in 2013 to $9.32B in 2018.
The most recent imports of Gibraltar are led by Refined Petroleum ($7.3B), Recreational Boats ($668M), Cars ($254M), Coal Tar Oil ($233M), and Petroleum Gas ($132M). The most common import partners for Gibraltar are Spain ($1.87B), Italy ($1.36B), Netherlands ($1.03B), United States ($989M), and Greece ($672M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2017 - 2018)
- Italy, $22.9M (+ 121%)
- Belgium-Luxembourg, $13.2M (+ 137%)
- United Kingdom, $6.68M (+ 366%)
Forecasts
#permalink to sectionTrade Forecasts
#permalink to sectionThis section shows forecasts for total product exports and imports for Gibraltar. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionGibraltar has a high level of specialization in Recreational Boats (105), Passenger and Cargo Ships (69.5), Postage Stamps (23.9), Surveying Equipment (16.1), and Refined Petroleum (8.85). Specialization is measured using RCA, an index that takes the ratio between Gibraltar observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Gibraltar according to the product complexity index (PCI) are Motor vehicles for transport of persons (except buses) (0.8), Synthetic filament yarn(not sewing thread) not retail (0.48), Public-transport type passenger motor vehicles (0.4), Yachts, pleasure, sports vessels, rowing boats, canoes (0.31), and Glassware for table, kitchen, toilet, decoration (0.25). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Gibraltar according to the relatedness index, are Scrap Aluminium (0.047), Hard Liquor (0.044), Non-fillet Fresh Fish (0.044), Cocoa Beans (0.042), and Non-fillet Frozen Fish (0.042). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Gibraltar is not specialized in.
Product Space
#permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
