Gibraltar
2019 Product Exports | Imports: $157M | $8.43B, 182 of 225 | 112 of 225
2019 Per Capita Product Exports | Imports: $4.67k | $250k, 39 of 219 | 1 of 219
Overview: In 2019 Gibraltar was the number 182 in total exports, the number 112 in total imports and the number null most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Gibraltar are Cars ($70M), Passenger and Cargo Ships ($49.3M), Refined Petroleum ($6.68M), Non-fillet Frozen Fish ($4.84M), and Recreational Boats ($4.68M), exporting mostly to Poland ($48.1M), Netherlands ($42.3M), France ($17.9M), Germany ($11.9M), and United States ($9.02M).
Imports: The top imports of Gibraltar are Refined Petroleum ($5.98B), Recreational Boats ($621M), Cars ($296M), Coal Tar Oil ($237M), and Crude Petroleum ($232M), importing mostly from Spain ($1.57B), United States ($1.05B), India ($974M), Italy ($970M), and Netherlands ($938M).
Location: Gibraltar borders Spain by land and Morocco by sea.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionIn 2019, Gibraltar exported a total of $157M, making it the number 182 exporter in the world. During the last five reported years the exports of Gibraltar have changed by -$988M from $1.15B in 2014 to $157M in 2019.
The most recent exports are led by Cars ($70M), Passenger and Cargo Ships ($49.3M), Refined Petroleum ($6.68M), Non-fillet Frozen Fish ($4.84M), and Recreational Boats ($4.68M). The most common destination for the exports of Gibraltar are Poland ($48.1M), Netherlands ($42.3M), France ($17.9M), Germany ($11.9M), and United States ($9.02M).
Yearly Imports
#permalink to sectionTop Import (2019): Refined Petroleum, $5.98B
Top Origin (2019): Spain, $1.57B
In 2019 Gibraltar imported $8.43B, making it the number 112 trade destination in the world. During the last five reported years the imports of Gibraltar changed by -$4.86B from $13.3B in 2014 to $8.43B in 2019.
The most recent imports of Gibraltar are led by Refined Petroleum ($5.98B), Recreational Boats ($621M), Cars ($296M), Coal Tar Oil ($237M), and Crude Petroleum ($232M). The most common import partners for Gibraltar are Spain ($1.57B), United States ($1.05B), India ($974M), Italy ($970M), and Netherlands ($938M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
- India, $666M (+ 216%)
- South Korea, $119M (+ 5.86k%)
- United Kingdom, $67.6M (+ 14.1%)
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionGibraltar has a high level of specialization in Passenger and Cargo Ships (81.1), Glass Bricks (55.6), Recreational Boats (29.7), Stranded Iron Wire (28.8), and Non-fillet Frozen Fish (21.7). 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) (1.01), Hand tools nes, anvils, clamps, vices, blow lamps etc (1), Machinery parts, without electric features, nes (0.9), Polymers, natural, modified nes, in primary forms (0.59), and Glass blocks, bricks, tiles, leaded lights, etc. (0.41). 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 (0.067), Non-fillet Fresh Fish (0.066), Hard Liquor (0.065), Crude Petroleum (0.061), and Crustaceans (0.06). 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.
