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Gibraltar

Gibraltar ranked No. 91 in total trade value through February with a total of $194.5 million. Exports totaled $194.43 million and Imports totaled $72,712, a surplus of $194.35 million.

U.S. trade with Gibraltar rose to $194.5 million through February

Gibraltar’s trade with the United States rose to $194.5 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 41.97 percent above its total trade during the same time period last year. Gibraltar’s exports increased 42.02 percent while imports fell 29.34 percent. The U.S. surplus with Gibraltar was $194.35 million.

Through February, 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 Southern Louisiana, Gramercy, St. James Parish; No. 4 Port of Lake Charles, La.; and No. 5 Port of Pascagoula, Miss.. During the same period the previous year, the top five were No. 1 Port of Pascagoula, Miss. No. 2 Low-Valued Imports and Exports No. 3 Port of New Orleans No. 4 Port of Lake Charles, La. and No. 5 Port Miami. In the current time period, the top five accounted for 99.61 percent of Gibraltar’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports rose 42 percent to $50.95 million.
    Exports rose 42 percent to $50.95 million. There were no imports.
  • Trade with No. 2 Port of New Orleans rose 66.01 percent to $46.27 million.
    Exports rose 66.28 percent to $46.24 million. Imports fell 54.53 percent to $28,207.
  • Trade with No. 3 Port of Southern Louisiana, Gramercy, St. James Parish totaled $43.86 million.
    Exports totaled $43.86 million. There were no imports.
  • Trade with No. 4 Port of Lake Charles, La. rose 108.25 percent to $40.16 million.
    Exports rose 108.25 percent to $40.16 million. There were no imports.
  • Trade with No. 5 Port of Pascagoula, Miss. fell 76.54 percent to $12.51 million.
    Exports fell 76.54 percent to $12.51 million. There were no imports.

Gibraltar ranked No. 91 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 97.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Gibraltar by value through February were the categories of Gasoline, other fuels; Low value shipments; Motor vehicle parts; Computer parts; and Jewelry, parts, respectively. They accounted for 99.83 percent of total exports to Gibraltar.

The value of the top five categories of U.S. imports from Gibraltar –– Wrist and pocket watches, not precious metals; Gasoline, other fuels; Power supplies, transformers; Value added to a returned import; and Motor vehicle parts –– accounted for 94.84 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 42.19 percent compared to last year to $142.74 million.
  • Low value shipments rose 42 percent compared to last year to $50.95 million.
  • Motor vehicle parts rose 229.09 percent compared to last year to $180,537.
  • Computer parts totaled $174,853. The previous year, there were no exports in this category.
  • Jewelry, parts rose 1214.6 percent compared to last year to $45,485.

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

  • Wrist and pocket watches, not precious metals totaled $19,924. The previous year, there were no imports in this category.
  • Gasoline, other fuels rose 177.35 percent compared to last year to $18,272.
  • Power supplies, transformers totaled $17,316. The previous year, there were no imports in this category.
  • Value added to a returned import fell 78.25 percent compared to last year to $9,935.
  • Motor vehicle parts totaled $3,512. The previous year, there were no imports in this category.

In the latest annual figures available, Gibraltar recorded $1.13 billion in trade with the United States. At year’s end, its were Mobile; New Orleans; Low Value Shipments; Houston; and Philadelphia. Total U.S. exports to Gibraltar were $ 1.13 billion and imports from Gibraltar were $636,481. The U.S. surplus with Gibraltar was $1.13 billion.