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Trade between Gibraltar and Greece

In 2024, Gibraltar exported $112 thousand to Greece and imported $1.3 billion. Gibraltar ran a deficit of $1.3 billion with Greece, compared with a deficit of $536 million in 2019. Greece was Gibraltar’s 2nd largest trading partner (13% of its trade), and Gibraltar was Greece’s 29th (0.9%).

Summary

Gibraltar → Greece
$112thousand
Greece → Gibraltar
$1.3billion
Gibraltar’s balance
-$1.3billion

Balance

Gibraltar’s trade balance with Greece

Trade between Gibraltar and Greece grew 28.5-fold since 1995

USD billions (current). Gibraltar’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0
  • Imports 1.3
  • Balance -1.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$35 thousand$47 million-$47 million
1996$4 thousand$123 million-$123 million
1997$40 thousand$79 million-$79 million
1998$204 thousand$33 million-$33 million
1999$187 thousand$96 million-$96 million
2000$1 thousand$111 million-$111 million
2001$793 thousand$67 million-$66 million
2002$5 million$50 million-$45 million
2003$8 million$7 million$1 million
2004$21 million$679 thousand$20 million
2005$7 thousand$48 million-$48 million
2006$14 million$139 million-$125 million
2007$18 million$171 million-$154 million
2008$17 million$436 million-$419 million
2009$7 million$396 million-$389 million
2010$31 thousand$842 million-$842 million
2011$9 million$604 million-$594 million
2012$87 million$675 million-$588 million
2013$81 million$1.4 billion-$1.3 billion
2014$2 million$852 million-$850 million
2015$37 million$438 million-$401 million
2016$3 million$422 million-$419 million
2017$594 thousand$719 million-$718 million
2018$54 thousand$672 million-$672 million
2019$4 million$540 million-$536 million
2020$12 million$496 million-$484 million
2021$48 thousand$617 million-$617 million
2022$392 thousand$1.3 billion-$1.3 billion
2023$86 thousand$1.2 billion-$1.2 billion
2024$112 thousand$1.3 billion-$1.3 billion

What they sell each other

What Gibraltar sells to Greece

The top 10 headings in 2024, with their share of the total.

  1. Yachts and pleasure boats$66 thousand · 58.7%
  2. Engine parts$18 thousand · 15.7%
    6 tonnes
  3. Computers$15 thousand · 13.2%
    1 tonne
  4. 1 tonne
  5. Refined petroleum$496 · 0.44%
    Greece’s sources

What Greece sells to Gibraltar

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$1.3 billion · 95.1%
    1.7 million tonnes · Greece’s destinations
  2. Petroleum coke and bitumen$60 million · 4.5%
    131 thousand tonnes
  3. Cigarettes and cigars$3 million · 0.22%
    187 tonnes
  4. Yachts and pleasure boats$1 million · 0.09%
    15 tonnes
  5. Engine parts$493 thousand · 0.04%
    11 tonnes
  6. Twine, cordage and ropes$224 thousand · 0.02%
    44 tonnes
  7. Lubricant preparations$147 thousand · 0.01%
    15 tonnes
  8. 2 tonnes
  9. Gas, water and electricity meters$131 thousand · 0.01%
    2 tonnes
  10. Cameras and broadcast equipment$115 thousand · 0.01%

How it travels

Estimated sea route from Gibraltar to Piraeus.

The estimated sea route between Gibraltar and Piraeus is 1,532 nautical miles (2,837 km) long: ≈ 3.5–4.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.3 billion · 99.8%
  2. Air$2 million · 0.16%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Greece was Gibraltar’s 2nd largest trading partner (13% of its trade), and Gibraltar was Greece’s 29th (0.9%).

Greece in Gibraltar’s trade
13.3%
Greece’s rank among Gibraltar’s partners
2nd
Gibraltar in Greece’s trade
0.9%
Gibraltar’s rank among Greece’s partners
29th

Compare with

Other partners of Gibraltar

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. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.