Gibraltar Export Data

Gibraltar Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Gibraltar's major trading partners include the UK, Spain, and other EU countries, reflecting its strategic location and economic ties.

• Top 5 Imports: Petroleum products, machinery, pharmaceuticals, foodstuffs, and vehicles, comprising about 40% of total imports.

• Top 5 Exports: Financial services, online gaming services, tobacco, alcoholic beverages, and shipping services, accounting for approximately 55% of total exports.

• Trade Balance: Gibraltar maintains a trade surplus, primarily due to its strong service sector, which offsets the costs of imported goods.

• Trade Policies: Gibraltar's trade policy focuses on free trade with a protective stance for its key service industries, aligning closely with EU regulations post-Brexit.

Domestic Market

• Consumer Spending: Consumer spending in Gibraltar is robust, driven by a high standard of living and a thriving service sector, with a particular emphasis on tourism and gaming.

• Inflation & Interest Rates: Inflation in Gibraltar remains relatively stable, influenced by global economic conditions and interest rates set by the Bank of England, given the use of the Gibraltar Pound pegged to the British Pound.

• Supply Chain Efficiency: Gibraltar's supply chain benefits from its strategic location as a maritime hub, with efficient logistics and customs processes to facilitate trade.

• Industry Performance: The financial services, online gaming, and shipping industries are the pillars of Gibraltar's economy, showing strong growth and resilience.

Overall Outlook

Gibraltar's economy is well-positioned for continued growth, leveraging its strategic location, robust service sectors, and effective policy-making. Challenges like Brexit and global economic fluctuations are being managed through diversified economic strategies and strong international partnerships.