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Gibraltar

Gibraltar ranked No. 92 in total trade value through October with a total of $1.04 billion. Exports totaled $1.04 billion and Imports totaled $464,280, a surplus of $1.04 billion.

January – October 2018

Top Trading Ports

Total Trade: $1.04 billion

RankPortTotal YTD
1Low-Valued Imports and Exports $271,305,055
2Port of Pascagoula, Miss. $145,594,892
3Port of Houston $128,602,560
4Port of New Orleans $121,950,520
5Port of Lake Charles, La. $85,150,265
6Port of Port Arthur, Texas $75,050,342
7Port of Texas City, Texas $74,417,500
8Port of Freeport, Texas $42,238,019
9Port of Southern Louisiana, Gramercy, St. James Parish $39,447,398
10Port of Beaumont, Texas $31,954,536

U.S. trade with Gibraltar rose to $1.04 billion through October

Gibraltar’s trade with the United States rose to $1.04 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.84 percent above its total trade during the same time period last year. Gibraltar’s exports increased 12.85 percent while imports fell 10.91 percent. The U.S. surplus with Gibraltar was $1.04 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Low-Valued Imports and Exports; No. 2 Port of Pascagoula, Miss.; No. 3 Port of Houston; No. 4 Port of New Orleans; and No. 5 Port of Lake Charles, La.. 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 Houston and No. 5 Port of Lake Charles, La.. In the current time period, the top five accounted for 72.64 percent of Gibraltar’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports rose 14.07 percent to $271.31 million.
    Exports rose 14.07 percent to $271.31 million. There were no imports.
  • Trade with No. 2 Port of Pascagoula, Miss. fell 49.25 percent to $145.59 million.
    Exports fell 49.25 percent to $145.59 million. There were no imports.
  • Trade with No. 3 Port of Houston rose 74.16 percent to $128.6 million.
    Exports rose 74.16 percent to $128.6 million. There were no imports.
  • Trade with No. 4 Port of New Orleans fell 23.32 percent to $121.95 million.
    Exports fell 23.28 percent to $121.84 million. Imports fell 55.25 percent to $106,932.
  • Trade with No. 5 Port of Lake Charles, La. rose 70.3 percent to $85.15 million.
    Exports rose 70.3 percent to $85.15 million. There were no imports.

Gibraltar ranked No. 92 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 89.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Gibraltar by value through October were the categories of Gasoline, other fuels; Low value shipments; Petroleum gases, other gaseous hydrocarbons; Oil; and Motor vehicles for transporting people, respectively. They accounted for 99.66 percent of total exports to Gibraltar.

The value of the top five categories of U.S. imports from Gibraltar –– Paintings, drawings and other artwork; Value added to a returned import; Original sculptures and statues; Salvage; and Medical technology –– accounted for 83.21 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 0.63 percent compared to last year to $650.38 million.
  • Low value shipments rose 14.07 percent compared to last year to $271.31 million.
  • Petroleum gases, other gaseous hydrocarbons totaled $77.63 million. The previous year, there were no exports in this category.
  • Oil rose 96.95 percent compared to last year to $31.95 million.
  • Motor vehicles for transporting people rose 1236.93 percent compared to last year to $748,683.

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

  • Paintings, drawings and other artwork rose 236.09 percent compared to last year to $198,968.
  • Value added to a returned import rose 111.06 percent compared to last year to $103,007.
  • Original sculptures and statues totaled $50,000. The previous year, there were no imports in this category.
  • Salvage fell 12.84 percent compared to last year to $18,004.
  • Medical technology totaled $16,367. 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.