Gibraltar

Gibraltar ranked No. 88 in total trade value through May with a total of $501.46 million. Exports totaled $495.21 million and Imports totaled $6.25 million, a surplus of $488.96 million.

U.S. trade with Gibraltar rose to $444.26 million through May

Gibraltar’s trade with the United States rose to $444.26 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 31.82 percent above its total trade during the same time period last year. U.S. exports to Gibraltar increased 33.73 percent while U.S. imports from Gibraltar fell 38.99 percent. The U.S. surplus with Gibraltar was $433.45 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Low-Valued Imports and Exports; No. 2 Port of New Orleans; No. 3 Port of Pascagoula, Miss.; No. 4 Port of Southern Louisiana, Gramercy, St. James Parish; and No. 5 Port of Lake Charles, La.. During the same period the previous year, the top five were No. 1 Low-Valued Imports and Exports; No. 2 Port of Southern Louisiana, Gramercy, St. James Parish; No. 3 Port of New Orleans; No. 4 Port of Pascagoula, Miss. and No. 5 Port of Lake Charles, La.. In the current time period, the top five accounted for 89.65 percent of Gibraltar’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports fell 20.93 percent to $128.71 million.
    Exports fell 20.93 percent to $128.71 million. There were no imports.
  • Trade with No. 2 Port of New Orleans fell 5.5 percent to $105.06 million.
    Exports fell 5.47 percent to $105.05 million. Imports fell 86 percent to $4,900.
  • Trade with No. 3 Port of Pascagoula, Miss. fell 3.17 percent to $100.31 million.
    Exports fell 3.17 percent to $100.31 million. There were no imports.
  • Trade with No. 4 Port of Southern Louisiana, Gramercy, St. James Parish fell 44.87 percent to $70.29 million.
    Exports fell 44.87 percent to $70.29 million. There were no imports.
  • Trade with No. 5 Port of Lake Charles, La. fell 27.94 percent to $45.22 million.
    Exports fell 27.94 percent to $45.22 million. There were no imports.

Gibraltar ranked No. 88 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 86.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Gibraltar by value through May were the categories of Gasoline, other fuels; Low value shipments; LNG, other petroleum gases; Oil; and Passenger vehicles, respectively. They accounted for 99.86 percent of total exports to Gibraltar.

The value of the top five categories of U.S. imports from Gibraltar –– Fish fillets, chilled or frozen; Leather shoes; Returned exports, without change; Misc. articles made from textile materials; and General medical equipment –– accounted for 99.62 percent of all inbound shipments.

Looking more closely at U.S. exports to Gibraltar:

  • Gasoline, other fuels fell 29.7 percent compared to last year to $320.82 million.
  • Low value shipments fell 20.93 percent compared to last year to $128.71 million.
  • LNG, other petroleum gases totaled $24.11 million. The previous year, there were no exports in this category.
  • Oil totaled $18.36 million. The previous year, there were no exports in this category.
  • Passenger vehicles rose 3724.3 percent compared to last year to $2.54 million.

Looking more closely at U.S. imports from Gibraltar:

  • Fish fillets, chilled or frozen totaled $6.07 million. The previous year, there were no imports in this category.
  • Leather shoes totaled $80,517. The previous year, there were no imports in this category.
  • Returned exports, without change fell 99.2 percent compared to last year to $50,999.
  • Misc. articles made from textile materials totaled $14,196. The previous year, there were no imports in this category.
  • General medical equipment totaled $4,900. The previous year, there were no imports in this category.

In the latest annual figures available, Gibraltar recorded $1.44 billion in trade with the United States. Total U.S. exports to Gibraltar were $ 1.42 billion and imports from Gibraltar were $15.6 million. The U.S. surplus with Gibraltar was $1.41 billion.