Gibraltar-Portugal Bilateral Trade Analysis 2023
Complete trade statistics: $318.48M total volume •Gibraltar deficit: $317.43M
Gibraltar → Portugal
$524,754
Exports (2023)
Portugal → Gibraltar
$317.95M
Imports (2023)
Trade Balance
$317.43M
Deficit for Gibraltar
Total Trade
$318.48M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Gibraltar and Portugal. Green line shows exports from Gibraltar, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Gibraltar-Portugal commercial relationship and competitive positioning in global markets.
Gibraltar → Portugal Exports
Export Market Intelligence
🎯 Strategic Export Focus
Gibraltar's export portfolio to Portugal demonstrates strategic specialization, with motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable representing a key competitive advantage in this bilateral market.
Portugal → Gibraltar Imports
Import Dependency Profile
📦 Import Strategy Analysis
Gibraltar's import pattern from Portugal reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Gibraltar demonstrates competitive strength in exportingmotorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable to Portugal, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $318.48M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Gibraltar-Portugal Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $318.48 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Gibraltar maintains a deficit of $317.43 million
- Export Focus: Gibraltar's primary exports include motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable, wood: windows, french-windows and their frames, aluminium: plates, sheets and strip, thickness exceeding 0.2mm, (not alloyed), rectangular (including square)
- Import Dependencies: Key imports from Portugal include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, cigarettes: containing tobacco, aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, doors, windows and their frames and thresholds for doors
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $318.48M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Gibraltar leveraging its comparative advantages in motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Gibraltar's specialization in motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatablecomplements Portugal's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $318.48M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $318.48M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $318.48 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Gibraltar's trade deficit of $317.43 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Gibraltar and Portugal represents a total trade volume of $318.48 million in 2023. This partnership demonstrates an unfavorable trade balance for Gibraltar, with imports exceeding exportsby $317.43 million.
Export Strengths
Gibraltar's exports to Portugal total $524.75 thousand, with competitive advantages in motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable, representing $391,041 or74.5% of bilateral exports.
Import Dependencies
Imports from Portugal amount to $317.95 million, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising96.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Gibraltar's strategic sourcing from Portugal. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Gibraltar and Portugal in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023