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Gibraltar

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
0
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.65
0
0.65

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Trade.Gov Fact Sheet

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Trading Economics - Imports

Implications

As of Saturday, April 19, 2025, the tariff situation for Gibraltar is primarily influenced by the broader trade policies of the United States and, to a lesser extent, its own import duties. Here's the latest: US Tariffs on Goods from Gibraltar: 10% Tariff: As part of a wider US trade policy initiated by President Trump, Gibraltar is included in a list of nations subject to a 10% tariff on goods exported to the United States. This tariff went into effect on April 5, 2025.   "Reciprocal Tariff" Pause: While the US had announced higher "reciprocal tariffs" for many countries based on trade imbalances, a 90-day pause was implemented on April 9, 2025, for most countries, including the UK and its overseas territories like Gibraltar. This means the higher reciprocal tariffs are currently on hold, and the 10% baseline tariff applies. Limited Impact Expected: The Gibraltar government has stated that these US tariffs are likely to have little to no effect on Gibraltar's economy. This is because Gibraltar's exports to the US are relatively small. The largest export is leather footwear, along with some clothing, valves, and optical fibers.   Rules of Origin: Gibraltar anticipates that goods will likely be assessed for tariffs based on their rules of origin rather than the place of exportation. Since Gibraltar is not a major manufacturing or assembling hub, many goods exported from Gibraltar may originate elsewhere and be subject to tariffs based on that origin.   Gibraltar's Own Import Duties: Encouraging Local Purchase: In the past, Gibraltar has implemented specific import duties to encourage local purchasing. For example, in 2020, a temporary 10% import duty was levied on personal imports during the third quarter to support the "BUY LOCAL" campaign. However, this measure had several exemptions, including medicines, medical aids, educational products, children's clothing, and imports totaling less than £25.   General Import Duty: Information suggests that Gibraltar generally applies import duties. The "Import Duty (Integrated Tariff) Regulations" contains details on the customs duties chargeable on goods imported into Gibraltar, including commodity codes and existing prohibitions and restrictions.   Yacht Imports: New vessels imported to be permanently based in Gibraltar face a 12% import duty. Temporary importation for non-residents may be allowed without duty payment. Other Relevant Points: UK-US Trade Relationship: The UK is pursuing a new trade relationship with the US, which could potentially influence future tariff arrangements for Gibraltar as a British Overseas Territory.   EU-Gibraltar Relationship: Gibraltar is outside the EU Customs Union. Goods traveling between Gibraltar and Spain (an EU member) are subject to Spanish customs checks. De Minimis: There is no specific recent information about a "de minimis" threshold for imports into Gibraltar in the context of the recent US tariff changes. In summary, the most recent tariff update for Gibraltar indicates that while it is subject to a 10% tariff on goods exported to the US due to recent US trade policy, the Gibraltar government expects minimal impact. Gibraltar also has its own import duty regulations in place for goods entering the territory.

US Negotiation Strategy

Based on available trade data, particularly from the Observatory of Economic Complexity (OEC), the top exports from Gibraltar to the United States in recent years (specifically 2022 and 2023) include: Leather Footwear: This consistently appears as the top export by value. Rubber Footwear: Also a significant, though smaller, export compared to leather footwear.   Motor vehicles; parts and accessories (8701 to 8705): This category suggests a smaller but notable presence in the automotive supply chain. Other Cloth Articles: A minor category compared to footwear. It's important to note that the total value of exports from Gibraltar to the US is relatively small compared to major trading partners. Here's a look at which states in the US can manufacture similar goods, along with examples of companies: Leather Footwear: Maine: While known for other industries, some smaller manufacturers specialize in leather goods, including footwear. Example: Maine Leather Goods Co. (though they might focus on other leather products).   Massachusetts: Has a history of shoemaking, and some companies still produce leather footwear, often specialized or high-end. Example: Rancourt & Co.   Missouri: Some manufacturers produce leather boots and work shoes. Example: Red Wing Shoe Company (though headquartered in Minnesota, they have manufacturing in Missouri).   Texas: Known for bootmaking, particularly Western-style boots. Example: Lucchese Boot Company.   Rubber Footwear: Massachusetts: Home to major footwear companies that produce rubber-soled shoes and boots. Example: Converse (owned by Nike).   Oregon: Headquarters of a major athletic footwear and apparel company that produces rubber-soled shoes. Example: Nike.   Washington: Some manufacturers specialize in outdoor and work boots with rubber components. Example: Filson. Motor vehicles; parts and accessories: Michigan: The traditional heart of the US automotive industry, with numerous companies manufacturing parts and complete vehicles. Examples: Ford, General Motors, Stellantis, and many Tier 1 auto suppliers like Magna, Lear, etc.   Ohio: Has a significant automotive manufacturing presence, including parts suppliers and assembly plants. Examples: Honda, various parts manufacturers. Indiana: Another key state for automotive manufacturing and logistics. Examples: Subaru, Toyota, and numerous parts suppliers.   Alabama, Tennessee, South Carolina, Kentucky: These Southern states have become major hubs for automotive assembly and parts production. Examples: Mercedes-Benz, BMW, Hyundai, Nissan, Toyota (with plants in these states), and their associated supplier networks. Other Cloth Articles: North Carolina: Has a long history in textile manufacturing, though much production has moved overseas. Some companies still produce various cloth articles. Example: Glen Raven (performance fabrics).   South Carolina: Similar to North Carolina, with a remaining textile industry. Example: Milliken & Company (diversified textiles).   California: Some apparel manufacturing and textile production exists, particularly in the Los Angeles area. Example: American Apparel (though they've faced changes in ownership and production).   It's important to note that while these states and companies can manufacture similar types of goods, the specific styles, materials, and production scales might differ from those exported by Gibraltar. Additionally, the US market is served by a mix of domestic production and imports from many countries.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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