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Gibraltar trade in 2024

In 2024, Gibraltar exported $158 million and imported $9.9 billion, a trade deficit of $9.7 billion. It was the world's 187th-largest exporter, with 0% of world exports. Its top export was refined petroleum (52.6% of the total) and its main trading partner was Italy (27.5% of its trade).

Summary

Exports
$158million
Imports
$9.9billion
Trade balance
-$9.7billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Refined petroleum (52.6%) and cars (20.9%) together make up 73.5% of its exports.

  1. Refined petroleum$83 million · 52.6%
    Main partner: Saudi Arabia
  2. Cars$33 million · 20.9%
    Main partner: Netherlands
  3. Cargo and cruise ships$17 million · 10.9%
    Main partner: Poland
  4. Acrylic polymers$6 million · 3.8%
    Main partner: Saudi Arabia
  5. Yachts and pleasure boats$5 million · 3.3%
    Main partner: Croatia
  6. Hair care$967 thousand · 0.61%
    Main partner: United Kingdom
  7. Diamonds$956 thousand · 0.6%
    Main partner: Israel
  8. Ferrous scrap$942 thousand · 0.59%
    Main partner: Spain
  9. Optical fibers and lenses$689 thousand · 0.44%
    Main partner: Singapore
  10. Bed, table and kitchen linen$656 thousand · 0.41%
    Main partner: Spain

What it imports

Refined petroleum (77.6%) and coal tar oils (6.8%) together make up 84.4% of its imports.

  1. Refined petroleum$7.7 billion · 77.6%
    Main partner: Italy
  2. Coal tar oils$673 million · 6.8%
    Main partner: France
  3. Crude petroleum$392 million · 4%
    Main partner: Nigeria
  4. Yachts and pleasure boats$249 million · 2.5%
    Main partner: United Kingdom
  5. Cars$123 million · 1.3%
    Main partner: Japan
  6. Petroleum coke and bitumen$60 million · 0.61%
    Main partner: Greece
  7. Natural gas and LPG$57 million · 0.57%
    Main partner: United States
  8. Buses$54 million · 0.55%
    Main partner: Japan
  9. Cigarettes and cigars$28 million · 0.29%
    Main partner: Germany
  10. Medicines in measured doses or retail packs$23 million · 0.23%
    Main partner: United Kingdom
By Harmonized System chapter (95)
ChapterExportsImports
27 · Oil, gas and coal$83 million$8.9 billion
87 · Vehicles$34 million$206 million
89 · Ships and boats$23 million$284 million
39 · Plastics$7 million$15 million
84 · Mechanical machinery$1 million$52 million
90 · Precision and medical instruments$1 million$24 million
71 · Gems and precious metals$1 million$31 million
72 · Iron and steel$975 thousand$5 million
33 · Perfumes and cosmetics$970 thousand$15 million
85 · Electrical and electronic equipment$843 thousand$48 million
97 · Art and antiques$703 thousand$22 million
63 · Home textiles and used clothing$669 thousand$5 million
73 · Iron and steel products$603 thousand$18 million
70 · Glass$462 thousand$2 million
44 · Wood$237 thousand$5 million
74 · Copper$205 thousand$991 thousand
76 · Aluminum$187 thousand$5 million
94 · Furniture and lighting$175 thousand$21 million
48 · Paper and paperboard$166 thousand$7 million
15 · Fats and oils$145 thousand$2 million
57 · Carpets and rugs$127 thousand$787 thousand
22 · Beverages and spirits$113 thousand$21 million
49 · Books and printed matter$104 thousand$2 million
95 · Toys and sports gear$96 thousand$5 million
32 · Dyes, paints and tanning agents$65 thousand$8 million
40 · Rubber$58 thousand$3 million
38 · Miscellaneous chemicals$34 thousand$10 million
91 · Watches and clocks$34 thousand$15 million
82 · Tools and cutlery$29 thousand$3 million
68 · Stone, plaster and cement articles$27 thousand$6 million
62 · Woven clothing$25 thousand$6 million
86 · Railway equipment$18 thousand$263 thousand
64 · Footwear$16 thousand$2 million
56 · Felt, nonwovens and rope$14 thousand$2 million
92 · Musical instruments$14 thousand$159 thousand
61 · Knitted clothing$13 thousand$7 million
35 · Glues, starches and enzymes$13 thousand$412 thousand
42 · Leather goods and bags$12 thousand$1 million
78 · Lead$11 thousand$16 thousand
34 · Soap and cleaning products$11 thousand$7 million
30 · Pharmaceuticals$7 thousand$25 million
88 · Aircraft and spacecraft$7 thousand$57 thousand
29 · Organic chemicals$6 thousand$6 million
28 · Inorganic chemicals$5 thousand$2 million
67 · Feathers and artificial flowers$5 thousand$100 thousand
79 · Zinc$5 thousand$23 thousand
83 · Miscellaneous metal goods$4 thousand$1 million
01 · Live animals$4 thousand$812
25 · Salt, stone and cement$3 thousand$7 million
96 · Other manufactured goods$3 thousand$1 million
21 · Food preparations$3 thousand$11 million
59 · Coated and technical textiles$2 thousand$495 thousand
37 · Photographic goods$2 thousand$74 thousand
46 · Wicker and basketware$1 thousand$29 thousand
55 · Synthetic staple fibers$1 thousand$121 thousand
69 · Ceramics$569$3 million
04 · Dairy, eggs and honey$568$10 million
43 · Fur and fur goods$497$0
65 · Hats$318$286 thousand
18 · Cocoa and chocolate$165$4 million
24 · Tobacco$125$31 million
03 · Fish and seafood$92$4 million
58 · Special fabrics and lace$77$51 thousand
23 · Animal feed and food waste$73$1 million
09 · Coffee, tea and spices$64$2 million
17 · Sugar and sweets$46$2 million
52 · Cotton$25$52 thousand
12 · Oilseeds and grains$13$77 thousand
02 · Meat and offal$0$13 million
19 · Baked goods and cereal products$0$11 million
16 · Prepared meat and fish$0$8 million
07 · Vegetables$0$6 million
20 · Preserved fruit and vegetables$0$4 million
08 · Fruit and nuts$0$4 million
06 · Live plants and flowers$0$635 thousand
10 · Cereals$0$439 thousand
11 · Milling products and malt$0$324 thousand
31 · Fertilizers$0$311 thousand
26 · Ores and slag$0$123 thousand
66 · Umbrellas and canes$0$113 thousand
36 · Explosives and matches$0$69 thousand
54 · Synthetic filaments$0$63 thousand
93 · Weapons and ammunition$0$54 thousand
53 · Other plant fibers$0$49 thousand
81 · Other base metals$0$39 thousand
05 · Other animal products$0$33 thousand
75 · Nickel$0$19 thousand
47 · Wood pulp$0$17 thousand
45 · Cork$0$16 thousand
60 · Knitted fabric$0$16 thousand
14 · Other plant products$0$5 thousand
80 · Tin$0$4 thousand
51 · Wool$0$3 thousand
41 · Hides and leather$0$2 thousand
13 · Gums and plant extracts$0$1 thousand

Trading partners

Its main destination is Saudi Arabia (36.1% of exports) and its main source is Italy (27.9% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
Saudi Arabia57.236.1%Sea
Netherlands30.619.3%Sea
Morocco25.416%Sea
Poland12.17.6%Sea
Belgium7.24.6%Sea
Spain5.53.5%Land
Cabo Verde5.23.3%Sea
Croatia3.92.5%Air
United Kingdom1.61%Sea
Israel1.10.68%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
Italy2.827.9%Sea
Greece1.313.6%Sea
Spain0.899%Sea
France0.727.3%Sea
Bulgaria0.596%Sea
Portugal0.55.1%Sea
United States0.484.9%Sea
United Kingdom0.383.8%Sea
Netherlands0.333.3%Sea
Nigeria0.293%Sea

Overview 1995–2024

In 2024, Gibraltar accounted for 0% of world exports, compared with 0% in 1995.

Exports and imports

Exports grew 78% since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 0.2
  • Imports 9.9
  • Balance -9.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$89 million$623 million-$534 million
1996$106 million$1.1 billion-$959 million
1997$95 million$1.5 billion-$1.4 billion
1998$64 million$1.1 billion-$1.1 billion
1999$85 million$1.5 billion-$1.4 billion
2000$65 million$2.1 billion-$2 billion
2001$105 million$1.5 billion-$1.4 billion
2002$107 million$1.6 billion-$1.5 billion
2003$143 million$1.8 billion-$1.6 billion
2004$160 million$2.7 billion-$2.5 billion
2005$228 million$3.5 billion-$3.2 billion
2006$188 million$5 billion-$4.8 billion
2007$286 million$6.2 billion-$5.9 billion
2008$248 million$8.9 billion-$8.6 billion
2009$284 million$7.3 billion-$7 billion
2010$357 million$9.1 billion-$8.8 billion
2011$366 million$14.8 billion-$14.5 billion
2012$488 million$16.7 billion-$16.2 billion
2013$621 million$15.4 billion-$14.7 billion
2014$1.2 billion$12 billion-$10.8 billion
2015$414 million$8.6 billion-$8.2 billion
2016$252 million$8.1 billion-$7.8 billion
2017$363 million$8.7 billion-$8.3 billion
2018$181 million$9.1 billion-$8.9 billion
2019$165 million$8.3 billion-$8.1 billion
2020$210 million$7.2 billion-$7 billion
2021$129 million$8.1 billion-$8 billion
2022$432 million$12.2 billion-$11.8 billion
2023$273 million$10.7 billion-$10.5 billion
2024$158 million$9.9 billion-$9.7 billion

World rank

Gibraltar fell from 171st to 187th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 171st in 1995
  • 187th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995171st
1996167th
1997172nd
1998179th
1999175th
2000184th
2001173rd
2002174th
2003174th
2004177th
2005172nd
2006181st
2007173rd
2008179th
2009174th
2010173rd
2011179th
2012177th
2013172nd
2014156th
2015177th
2016184th
2017176th
2018185th
2019191st
2020182nd
2021194th
2022175th
2023179th
2024187th

What it sells

Oil, gas and coal became its top export group: from 0.9% to 53%

% of exports by Harmonized System chapter.

  • Other 4%
  • Iron and steel 1%
  • Gems and precious metals 1%
  • Precision and medical instruments 1%
  • Mechanical machinery 1%
  • Plastics 4%
  • Ships and boats 14%
  • Vehicles 21%
  • Oil, gas and coal 53%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal0.87%52.6%
Vehicles13.3%21.5%
Ships and boats4.5%14.5%
Plastics0.26%4.4%
Mechanical machinery1.5%0.94%
Precision and medical instruments0.33%0.83%
Gems and precious metals44%0.74%
Iron and steel0.6%0.62%
Other34.7%3.9%

Who it trades with

Spain went from 27% to 9% of Gibraltar's trade

% of total trade (exports + imports) with each partner.

  • Italy 27%
  • Greece 13%
  • Spain 9%
  • France 7%
  • Bulgaria 6%

Source: CEPII BACI

Show the numbers
Partner19952024
Italy14.4%27.5%
Greece6.6%13.3%
Spain26.6%8.9%
France3.6%7.2%
Bulgaria0%5.9%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

No hubs above the globe threshold.

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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

Main partners

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