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Trade between Gibraltar and Italy

In 2024, Gibraltar exported $181 thousand to Italy and imported $2.8 billion. Gibraltar ran a deficit of $2.8 billion with Italy, compared with a deficit of $970 million in 2019. Italy was Gibraltar’s largest trading partner (27% of its trade), and Gibraltar was Italy’s 58th (0.2%).

Summary

Gibraltar → Italy
$181thousand
Italy → Gibraltar
$2.8billion
Gibraltar’s balance
-$2.8billion

Balance

Gibraltar’s trade balance with Italy

Trade between Gibraltar and Italy grew 26.9-fold since 1995

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

  • Exports 0
  • Imports 2.8
  • Balance -2.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$160 thousand$102 million-$102 million
1996$346 thousand$154 million-$154 million
1997$2 million$103 million-$101 million
1998$417 thousand$42 million-$42 million
1999$2 million$94 million-$93 million
2000$417 thousand$144 million-$143 million
2001$23 million$80 million-$57 million
2002$4 million$131 million-$127 million
2003$2 million$112 million-$111 million
2004$7 million$219 million-$212 million
2005$25 million$416 million-$391 million
2006$7 million$973 million-$966 million
2007$8 million$628 million-$620 million
2008$14 million$816 million-$802 million
2009$21 million$646 million-$625 million
2010$30 million$894 million-$864 million
2011$44 million$1.5 billion-$1.4 billion
2012$836 thousand$1.4 billion-$1.4 billion
2013$71 million$1.5 billion-$1.4 billion
2014$62 million$1.4 billion-$1.4 billion
2015$50 million$1.2 billion-$1.1 billion
2016$7 million$885 million-$879 million
2017$20 million$1.1 billion-$1.1 billion
2018$44 million$1.4 billion-$1.3 billion
2019$21 thousand$970 million-$970 million
2020$785 thousand$623 million-$622 million
2021$5 million$1.2 billion-$1.2 billion
2022$6 million$2 billion-$2 billion
2023$615 thousand$2.7 billion-$2.7 billion
2024$181 thousand$2.8 billion-$2.8 billion

What they sell each other

What Gibraltar sells to Italy

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

  1. Cars$111 thousand · 61.4%
    9 tonnes · Italy’s sources
  2. Yachts and pleasure boats$16 thousand · 8.7%
    3 tonnes
  3. Steel tanks and containers$8 thousand · 4.6%
    2 tonnes
  4. Computers$3 thousand · 1.7%
    Italy’s sources
  5. Men's coats and jackets$2 thousand · 1.2%
  6. Jewelry$2 thousand · 0.95%
    Italy’s sources
  7. Baskets and wicker articles$1 thousand · 0.79%

What Italy sells to Gibraltar

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

  1. Refined petroleum$2.6 billion · 95.4%
    3.8 million tonnes · Italy’s destinations
  2. Coal tar oils$91 million · 3.3%
    191 thousand tonnes
  3. Yachts and pleasure boats$16 million · 0.59%
    225 tonnes
  4. Cars$14 million · 0.52%
    3 tonnes · Italy’s destinations
  5. Open-chain hydrocarbons$2 million · 0.07%
    2 thousand tonnes
  6. Jewelry$548 thousand · 0.02%
    Italy’s destinations
  7. Engine parts$296 thousand · 0.01%
    1 tonne
  8. Trucks$286 thousand · 0.01%
    20 tonnes · Italy’s destinations
  9. Motorcycles$266 thousand · 0.01%
    11 tonnes · Italy’s destinations
  10. Costume jewelry$194 thousand · 0.01%
    1 tonne

How it travels

Estimated sea route from Gibraltar to Genoa.

The estimated sea route between Gibraltar and Genoa is 888 nautical miles (1,645 km) long: ≈ 2–2.5 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$2.7 billion · 98.8%
  2. Air$33 million · 1.2%

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

How much each matters to the other

Italy was Gibraltar’s largest trading partner (27% of its trade), and Gibraltar was Italy’s 58th (0.2%).

Italy in Gibraltar’s trade
27.5%
Italy’s rank among Gibraltar’s partners
1st
Gibraltar in Italy’s trade
0.2%
Gibraltar’s rank among Italy’s partners
58th

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.