Flag Canada / Cayman Islands Flag

2020
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Exports
: $62.3M, Rnk 90 / 217

2020
FlagFlag
Top Product
: $53M, Gold

2020
FlagFlag
Exports
: $2.94M, Rnk 13 / 75

2020
FlagFlag
Top Product
: $1.74M, Recreational Boats

2020
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Economic Complexity (ECI)
: ECI 0.93, Rnk 29 / 127

2020
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GDP
: $1.65T, CURRENT US$
Rnk 9 / 204

2010-2020
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GDP GROWTH
: 1.74%, CURRENT US$
Rnk 160 / 204

2020
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 GDP
: $5.61B, CURRENT US$
Rnk 157 / 204

2010-2020
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GDP GROWTH
: 34.9%, CURRENT US$
Rnk 87 / 204

2020
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GDP PC 
: $43,258, CURRENT US$
Rnk 25 / 204

2010-2020
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GDP PC GROWTH
: -9.05%, CURRENT US$
Rnk 166 / 204

2020
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GDP PC
: $85,347, CURRENT US$
Rnk 6 / 204

2010-2020
Flag
GDP PC GROWTH
: 16.4%, CURRENT US$
Rnk 93 / 204

Canada-Cayman Islands In 2020, Canada exported $62.3M to Cayman Islands. The main products that Canada exported to Cayman Islands are Gold ($53M), Packaged Medicaments ($1.97M), and Other Furniture ($940k). During the last 25 years the exports of Canada to Cayman Islands have increased at an annualized rate of 8.12%, from $8.86M in 1995 to $62.3M in 2020.

In 2020, Canada exported services to Cayman Islands worth $1.99B, with Financial services ($1.98B), Insurance services ($5.97M), and Computer and information services ($3.73M) being the largest in terms of value.

Cayman Islands-Canada In 2020, Cayman Islands exported $2.94M to Canada. The main products that Cayman Islands exported to Canada were Recreational Boats ($1.74M), Broadcasting Equipment ($955k), and Copper Bars ($108k). During the last 25 years the exports of Cayman Islands to Canada have increased at an annualized rate of 7.86%, from $443k in 1995 to $2.94M in 2020.

In 2020, Cayman Islands did not export any services to Canada.

Comparison In 2020,  Canada ranked 29 in the Economic Complexity Index (ECI 0.93),  and 12 in total exports ($371B). That same year, Cayman Islands ranked 138 in total exports ($1.97B), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Canada exported $62.3M to Cayman Islands. The main products exported from Canada to Cayman Islands were Gold ($53M), Packaged Medicaments ($1.97M), and Other Furniture ($940k). During the last 25 years the exports of Canada to Cayman Islands have increased at an annualized rate of 8.12%, from $8.86M in 1995 to $62.3M in 2020.

In 2020, Cayman Islands exported $2.94M to Canada. The main products exported from Cayman Islands to Canada were Recreational Boats ($1.74M), Broadcasting Equipment ($955k), and Copper Bars ($108k). During the last 25 years the exports of Cayman Islands to Canada have increased at an annualized rate of 7.86%, from $443k in 1995 to $2.94M in 2020.

Market Competitiveness

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Measure

Canada
Top Destination
: United States, $264B

Cayman Islands
Top Destination
: Netherlands, $1.3B

This map shows whether countries import more from Canada or Cayman Islands. Each country is colored based on the difference in imports they receive from Canada and Cayman Islands or the difference in the growth in imports.

In 2019, countries that imported more from Canada than Cayman Islands were United States ($264B), China ($19.3B), and United Kingdom ($13.2B).

In 2019, countries that imported more from Cayman Islands than Canada were Cyprus ($253M), Seychelles ($111M), and Grenada ($24.5M).

Comparative Advantage Canada - Cayman Islands

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Flow

This chart compares trade between Canada and Cayman Islands by product, considering products traded by both, Canada and Cayman Islands.

During 2020, Canada had a large net trade with Cayman Islands in the exports of Precious Metals ($53M), Chemical Products ($2.04M), and Machines ($1.86M).

During 2020, Cayman Islands had a large net trade with Canada in the exports of Transportation ($1.75M), Machines ($1.02M), and Metals ($140k).

Bilateral Service Trade

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In 2020, Canada exported services to Cayman Islands worth $1.99B, with Financial services ($1.98B), Insurance services ($5.97M), and Computer and information services ($3.73M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Cayman Islands. Similarly, the more yellow a dot/product is, the more Cayman Islands has comparative advantage over Canada.