Gibraltar
2020 Product Exports | Imports: $204M | $7.16B, 177 of 226 | 112 of 226
2020 Per Capita Product Exports | Imports: $6.07k | $213k, 29 of 219 | 1 of 219
Overview In 2020 Gibraltar was the number 177 economy in the world in terms of total exports and the number 112 in total imports.
Exports The top exports of Gibraltar are Cars ($69.5M), Refined Petroleum ($61.7M), Passenger and Cargo Ships ($17.9M), Fish Fillets ($10.6M), and Non-fillet Frozen Fish ($8.98M), exporting mostly to Netherlands ($58.7M), France ($23.6M), United States ($19.9M), Malaysia ($19.1M), and United Kingdom ($15.5M).
Imports The top imports of Gibraltar are Refined Petroleum ($4.85B), Crude Petroleum ($556M), Coal Tar Oil ($359M), Cars ($247M), and Passenger and Cargo Ships ($235M), importing mostly from Spain ($917M), Netherlands ($870M), United States ($790M), United Kingdom ($729M), and Italy ($624M).
Location Gibraltar borders Spain by land and Morocco by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe 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.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionThe 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.
Latest Data (dev)
#permalink to sectionThe 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.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2020): Cars, $69.5M
Top Destination (2020): Netherlands, $917M
In 2020, Gibraltar exported a total of $204M, making it the number 177 exporter in the world. During the last five reported years the exports of Gibraltar have changed by -$194M from $398M in 2015 to $204M in 2020.
The most recent exports are led by Cars ($69.5M), Refined Petroleum ($61.7M), Passenger and Cargo Ships ($17.9M), Fish Fillets ($10.6M), and Non-fillet Frozen Fish ($8.98M). The most common destination for the exports of Gibraltar are Netherlands ($58.7M), France ($23.6M), United States ($19.9M), Malaysia ($19.1M), and United Kingdom ($15.5M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
- Malaysia, $19M (+ 15.4k%)
- Netherlands, $16.4M (+ 38.7%)
- United Kingdom, $13.2M (+ 564%)
Fastest Growing Import Markets (2019 - 2020)
- Russia, $470M (+ 367%)
- United Kingdom, $181M (+ 33%)
- Portugal, $112M (+ 110%)
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionGibraltar has a high level of specialization in Other Sea Vessels (78.7), Fish Fillets (37.5), Non-fillet Frozen Fish (32), Recreational Boats (28), and Passenger and Cargo Ships (22.6). 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 Cast or Rolled Glass (1.64), Gaskets (1.32), Nitrile Compounds (0.98), Cars (0.89), and Paintings (0.65). 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 Crude Petroleum (0.061), Scrap Lead (0.06), Scrap Copper (0.059), Non-fillet Fresh Fish (0.057), and Cocoa Beans (0.055). 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 a country currently specializes in.
Diversification Frontier
#permalink to sectionThe 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.
