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Overview In 2022 Gibraltar was the number 173 economy in the world in terms of total exports and the number 109 in total imports.

Exports The top exports of Gibraltar are Refined Petroleum ($164M), Crude Petroleum ($154M), Cars ($18.6M), Petroleum Gas ($17.2M), and Recreational Boats ($12.9M), exporting mostly to Ireland ($81.4M), India ($72.9M), Brazil ($49M), Netherlands ($42.5M), and South Korea ($33.6M).

Imports The top imports of Gibraltar are Refined Petroleum ($7.51B), Crude Petroleum ($1.29B), Coal Tar Oil ($1.11B), Passenger and Cargo Ships ($547M), and Recreational Boats ($327M), importing mostly from Spain ($2.2B), Italy ($2.04B), Greece ($1.27B), Nigeria ($1.15B), and United Kingdom ($671M).

Location Gibraltar borders Spain by land and Morocco by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Gibraltar.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Refined Petroleum$164M
Top Destination (2022)Ireland$81.4M

In 2022, Gibraltar exported a total of $411M, making it the number 173 exporter in the world. During the last five reported years the exports of Gibraltar have changed by $52.4M from $359M in 2017 to $411M in 2022.

The most recent exports are led by Refined Petroleum ($164M), Crude Petroleum ($154M), Cars ($18.6M), Petroleum Gas ($17.2M), and Recreational Boats ($12.9M). The most common destination for the exports of Gibraltar are Ireland ($81.4M), India ($72.9M), Brazil ($49M), Netherlands ($42.5M), and South Korea ($33.6M).

Explore Visualizations

Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Fastest Growing Export Markets (2021 - 2022)
Ireland$81M (+ 19.3k%)
India$72.7M (+ 25.9k%)
Brazil$49M (+ 6.17M%)
Fastest Growing Import Markets (2021 - 2022)
Spain$1.01B (+ 84.4%)
Italy$868M (+ 74%)
Nigeria$740M (+ 179%)

Total Export Growth by Market (2021 - 2022)

Economic Complexity

Most Specialized Products by RCA Index

Gibraltar has a high level of specialization in Recreational Boats (44.6), Coal Tar Oil (17.7), Other Floating Structures (12.1), Refined Petroleum (8.78), and Crude Petroleum (6.13). 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

Export Opportunities by Relatedness

The top export opportunities for Gibraltar according to the relatedness index, were Scrap Lead (0.044), Used Clothing (0.042), Surveying Equipment (0.041), Hard Liquor (0.041), and Scrap Aluminium (0.041). 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

The 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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Gibraltar. These are products that tend to be co-exported with the products that Gibraltar exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

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