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2022
Flag → Flag
Exports $15MRnk 139 / 215
2022
Flag → Flag
Top Product $2.31MCars
2022
Flag → Flag
Exports $3.86MRnk 14 / 92
2022
Flag → Flag
Top Product $2.9MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Canada-Cayman Islands Trade: In 2022, Canada exported $15M to Cayman Islands. The main products that Canada exported to Cayman Islands were Cars ($2.31M), Packaged Medicaments ($1.64M), and Other Furniture ($1.42M). Over the past 5 years the exports of Canada to Cayman Islands have decreased at an annualized rate of 3.95%, from $18.3M in 2017 to $15M in 2022.

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 Trade: In 2022, Cayman Islands exported $3.86M to Canada. The main products that Cayman Islands exported to Canada were Broadcasting Equipment ($2.9M), Electrical Ignitions ($753k), and Synthetic Rubber ($61.6k). Over the past 5 years the exports of Cayman Islands to Canada have increased at an annualized rate of 7.09%,  from $1.7M in 2017 to $3.86M in 2022.

In 2022, Cayman Islands did not export any services to Canada.

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$2.99M and imported C$276k from Cayman Islands, resulting in a positive trade balance of C$2.71M. Between August 2023 and August 2024 the exports of Canada have increased by C$1.27M (73.9%) from C$1.72M to C$2.99M, while imports increased by C$7.6k (2.83%) from C$269k to C$276k.

Trade In August 2024, the top exports of Canada to Cayman Islands were Iron Structures (C$183k), Other Furniture (C$155k), Other Frozen Vegetables (C$130k), Wine (C$125k), and Packaged Medicaments (C$119k). In August 2024 the top imports of Canada from Cayman Islands were Telephones (C$524k), Electrical Ignitions (C$166k), Motor vehicles; parts and accessories (8701... (C$1.75k), Interchangeable Tool Parts (C$131), and Other Animals (C$50).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$1.38M), Quebec (C$1.1M), Prince Edward Is. (C$158k), Newfoundland Labrador (C$132k), and British Columbia (C$120k), while imports destinations were mainly British Columbia (C$146k), Alberta (C$127k), Ontario (C$2.23k), Manitoba (C$946), and Quebec (C$781).

Growth In August 2024, the increase in Canada's year-by-year exports to Cayman Islands was explained primarily by an increase in product exports in Other Furniture (C$107k or 226%), Medical Instruments (C$69.5k or 273%), and Other Frozen Vegetables (C$51.9k or 66.3%). In August 2024, the increase in Canada's year-by-year imports  from Cayman Islands was explained primarily by an increase in product imports  in Telephones (C$325k or 163%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$1.27M(73.9%)
IMPORT GROWTH (August 2023 - August 2024)C$7.6k(2.83%)
MAIN EXPORTER (August 2024)OntarioC$1.38M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Cayman Islands and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $15M to Cayman Islands. The main products exported from Canada to Cayman Islands were Cars ($2.31M), Packaged Medicaments ($1.64M), and Other Furniture ($1.42M). During the last 5 years the exports of Canada to Cayman Islands have decreased at an annualized rate of 3.95%, from $18.3M in 2017 to $15M in 2022.

In 2017, Cayman Islands exported $3.86M to Canada. The main products exported from Cayman Islands to Canada were Broadcasting Equipment ($2.9M), Electrical Ignitions ($753k), and Synthetic Rubber ($61.6k). During the last 5 years the exports of Cayman Islands to Canada have increased at an annualized rate of 7.09%, from $1.7M in 2022 to $3.86M in 2017.

Exports from Canada (Flag) to Cayman Islands (Flag) (2022)

Exports from Cayman Islands (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Cayman Islands
Top DestinationMalta$218M

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 2022, countries that imported more from Canada than Cayman Islands included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Cayman Islands than Canada included Seychelles ($121M) and Grenada ($62.6M).

Difference in imports from Cayman Islands (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Cayman Islands

Flow
Scale

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

During 2022, Canada had a large net trade with Cayman Islands in the exports of Chemical Products ($2.98M), Machines ($2.7M), and Transportation ($2.33M).

During 2017, Cayman Islands had a large net trade with Canada in the exports of Machines ($3.68M), Plastics and Rubbers ($87.1k), and Instruments ($34.5k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Cayman Islands. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Cayman Islands. Similarly, a dot/product with the flag of Cayman Islands indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Cayman Islands (Flag) (2022)

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