Sign In
Pricing

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 17.9%,  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

July, 2024

About

Overview In July 2024, Canada exported C$1.23M and imported C$120k from Cayman Islands, resulting in a positive trade balance of C$1.11M. Between July 2023 and July 2024 the exports of Canada have decreased by C$-847k (-40.7%) from C$2.08M to C$1.23M, while imports decreased by C$-89k (-42.5%) from C$209k to C$120k.

Trade In July 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 July 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 July 2024 the exports of Canada were mainly from Ontario (C$808k), Newfoundland Labrador (C$212k), Quebec (C$109k), Prince Edward Is. (C$46.7k), and British Columbia (C$34.6k), while imports destinations were mainly British Columbia (C$108k), Ontario (C$9.75k), Manitoba (C$2.76k), and Quebec (C$2).

Growth In July 2024, the decrease in Canada's year-by-year exports to Cayman Islands was explained primarily by an decrease in product exports in Styrene Polymers (C$-41.2k or -48.2%), Other Hand Tools (C$-6.04k or -96%), and Other Plastic Products (C$-5.21k or -88.4%). In July 2024, the decrease in Canada's year-by-year imports  from Cayman Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)C$-847k(-40.7%)
IMPORT GROWTH (July 2023 - July 2024)C$-89k(-42.5%)
MAIN EXPORTER (July 2024)OntarioC$808k

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.

Explore Cayman Islands and Canada Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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 17.9%, 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms