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Gibraltar

Gibraltar ranked No. 84 in total trade value through August with a total of $1.07 billion. Exports totaled $1.06 billion and Imports totaled $11.03 million, a surplus of $1.04 billion.

January – August 2019

Top Trading Ports

Total Trade: $1.07 billion

RankPortTotal YTD
1Low-Valued Imports and Exports $276,602,550
2Port of New Orleans $182,462,959
3Port of Pascagoula, Miss. $160,987,477
4Port of Lake Charles, La. $151,643,326
5Port of Southern Louisiana, Gramercy, St. James Parish $127,486,803
6Port of Houston $122,506,550
7Port of New York $20,332,798
8Port of Port Arthur, Texas $17,510,736
9Port Miami $2,661,431
10Port Everglades, Fla. $1,023,022

U.S. trade with Gibraltar rose to $1.07 billion through August

Gibraltar’s trade with the United States rose to $1.07 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 29.8 percent above its total trade during the same time period last year. U.S. exports to Gibraltar increased 28.52 percent while U.S. imports from Gibraltar rose 3018 percent. The U.S. surplus with Gibraltar was $1.04 billion.

Through August, 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 Lake Charles, La.; and No. 5 Port of Southern Louisiana, Gramercy, St. James Parish. During the same period the previous year, the top five were No. 1 Low-Valued Imports and Exports No. 2 Port of Pascagoula, Miss. No. 3 Port of New Orleans No. 4 Port of Lake Charles, La. and No. 5 Port of Port Arthur, Texas. In the current time period, the top five accounted for 84.33 percent of Gibraltar’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports rose 28.61 percent to $276.6 million.
    Exports rose 28.61 percent to $276.6 million. There were no imports.
  • Trade with No. 2 Port of New Orleans rose 49.75 percent to $182.46 million.
    Exports rose 49.82 percent to $182.43 million. Imports fell 57.69 percent to $34,992.
  • Trade with No. 3 Port of Pascagoula, Miss. rose 29.14 percent to $160.99 million.
    Exports rose 29.14 percent to $160.99 million. There were no imports.
  • Trade with No. 4 Port of Lake Charles, La. rose 78.09 percent to $151.64 million.
    Exports rose 78.09 percent to $151.64 million. There were no imports.
  • Trade with No. 5 Port of Southern Louisiana, Gramercy, St. James Parish rose 223.18 percent to $127.49 million.
    Exports rose 223.18 percent to $127.49 million. There were no imports.

Gibraltar ranked No. 84 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 91.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Gibraltar by value through August were the categories of Gasoline, other fuels; Low value shipments; Petroleum gases, other gaseous hydrocarbons; Value added to a returned import; and Medical, Surgical, Dental or Veterinary Furn 9402, respectively. They accounted for 99.73 percent of total exports to Gibraltar.

The value of the top five categories of U.S. imports from Gibraltar –– Value added to a returned import; Frozen fish; Motor vehicles for transporting people; Computers; and Wrist and pocket watches, not precious metals –– accounted for 99.23 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 27.54 percent compared to last year to $741.78 million.
  • Low value shipments rose 28.61 percent compared to last year to $276.6 million.
  • Petroleum gases, other gaseous hydrocarbons rose 61.3 percent compared to last year to $33.13 million.
  • Value added to a returned import totaled $586,835. The previous year, there were no exports in this category.
  • Medical, Surgical, Dental or Veterinary Furn 9402 totaled $367,403. The previous year, there were no exports in this category.

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

  • Value added to a returned import rose 13834 percent compared to last year to $6.36 million.
  • Frozen fish totaled $2.57 million. The previous year, there were no imports in this category.
  • Motor vehicles for transporting people totaled $1.95 million. The previous year, there were no imports in this category.
  • Computers totaled $41,480. The previous year, there were no imports in this category.
  • Wrist and pocket watches, not precious metals totaled $19,924. 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.