Cayman Islands (CYM) and Bahamas (BHS) Trade | The Observatory of Economic Complexity

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Cayman Islands-Bahamas Trade: In 2022, Cayman Islands exported $112k to Bahamas. The main products that Cayman Islands exported to Bahamas were Laboratory Reagents ($43.1k), Chemical Analysis Instruments ($29.5k), and Medical Instruments ($10.1k). Over the past 6 years the exports of Cayman Islands to Bahamas have decreased at an annualized rate of 30.3%, from $977k in 2016 to $112k in 2022.

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

Bahamas-Cayman Islands Trade: In 2022, Bahamas exported $14k to Cayman Islands. The main products that Bahamas exported to Cayman Islands were Recreational Boats ($14k). Over the past 6 years the exports of Bahamas to Cayman Islands have decreased at an annualized rate of 52%, from $551k in 2016 to $14k in 2022.

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

Comparison In 2022, Cayman Islands ranked 165 in total exports ($737M). That same year, Bahamas ranked 139 in total exports ($2.83B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cayman Islands exported $112k to Bahamas. The main products exported from Cayman Islands to Bahamas were Laboratory Reagents ($43.1k), Chemical Analysis Instruments ($29.5k), and Medical Instruments ($10.1k). During the last 6 years the exports of Cayman Islands to Bahamas have decreased at an annualized rate of 30.3%, from $977k in 2016 to $112k in 2022.

In 2017, Bahamas exported $14k to Cayman Islands. The main products exported from Bahamas to Cayman Islands were Recreational Boats ($14k). During the last 5 years the exports of Bahamas to Cayman Islands have decreased at an annualized rate of 52%, from $551k in 2022 to $14k in 2017.

Exports from Cayman Islands () to Bahamas () (2022)

Exports from Bahamas () to Cayman Islands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cayman Islands
Top DestinationMalta$218M

Bahamas
Top DestinationUnited States$1.4B

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

In 2022, countries that imported more from Cayman Islands than Bahamas included Malta ($218M), Norway ($163M), and Seychelles ($121M).

In 2022, countries that imported more from Bahamas than Cayman Islands included United States ($1.4B), Cote d'Ivoire ($576M), and Germany ($255M).

Difference in imports from Bahamas () and Cayman Islands () (2022)

Comparative Advantage Cayman Islands - Bahamas

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cayman Islands had a large net trade with Bahamas in the exports of Chemical Products ($47.8k), Instruments ($39.9k), and Machines ($11.9k).

During 2017, Bahamas had a large net trade with Cayman Islands in the exports of Transportation ($14k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cayman Islands () to Bahamas () (2022)

Exports from Bahamas () to Cayman Islands () (2022)

Market Competitiveness

Difference in imports from Bahamas () and Cayman Islands () (2022)

Comparative Advantage Cayman Islands - Bahamas

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cayman Islands () and Bahamas () (2022)

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