Cayman Islands (CYM) and Canada (CAN) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $3.86M in 2022.

In 2017, 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 2022 to $15M in 2017.

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

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

Latest Data

Trade between Cayman Islands () and Canada ()

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cayman Islands
Top DestinationMalta$218M

Canada
Top DestinationUnited States$438B

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

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

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

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

Comparative Advantage Cayman Islands - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, 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).

During 2017, Canada had a large net trade with Cayman Islands in the exports of Chemical Products ($2.98M), Machines ($2.7M), and Transportation ($2.33M).

Bilateral Service Trade

Can Year

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.

Services Exports from Canada () to Cayman Islands () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Cayman Islands () and Canada ()

Canada Exports

Market Competitiveness

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

Comparative Advantage Cayman Islands - Canada

Bilateral Service Trade

Services Exports from Canada () to Cayman Islands () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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