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

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Cayman Islands-Canada Trade: In 2023, Cayman Islands exported $2.36M to Canada. The main products that Cayman Islands exported to Canada were Broadcasting Equipment ($1.59M), Electrical Ignitions ($558k), and Kaolin Coated Paper ($58.5k). Over the past 5 years the exports of Cayman Islands to Canada have decreased at an annualized rate of 13.7%, from $4.92M in 2018 to $2.36M in 2023.

In 2023, Cayman Islands did not export any services to Canada.

Canada-Cayman Islands Trade: In 2023, Canada exported $16.1M to Cayman Islands. The main products that Canada exported to Cayman Islands were Other Furniture ($3.21M), Electrical Transformers ($1.63M), and Packaged Medicaments ($1.62M). Over the past 5 years the exports of Canada to Cayman Islands have decreased at an annualized rate of 2.18%, from $18M in 2018 to $16.1M in 2023.

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 2023, Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cayman Islands exported $2.36M to Canada. The main products exported from Cayman Islands to Canada were Broadcasting Equipment ($1.59M), Electrical Ignitions ($558k), and Kaolin Coated Paper ($58.5k). During the last 5 years the exports of Cayman Islands to Canada have decreased at an annualized rate of 13.7%, from $4.92M in 2018 to $2.36M in 2023.

In 2018, Canada exported $16.1M to Cayman Islands. The main products exported from Canada to Cayman Islands were Other Furniture ($3.21M), Electrical Transformers ($1.63M), and Packaged Medicaments ($1.62M). During the last 5 years the exports of Canada to Cayman Islands have decreased at an annualized rate of 2.18%, from $18M in 2023 to $16.1M in 2018.

Exports from Cayman Islands () to Canada () (2023)

Exports from Canada () to Cayman Islands () (2023)

Latest Data

Trade between Cayman Islands () and Canada ()

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cayman Islands
Top DestinationUnited Kingdom$326M

Canada
Top DestinationUnited States$410B

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 2023, countries that imported more from Cayman Islands than Canada included Cyprus ($172M) and Grenada ($67.2M).

In 2023, countries that imported more from Canada than Cayman Islands included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada () and Cayman Islands () (2023)

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 2023, Cayman Islands had a large net trade with Canada in the exports of Machines ($2.16M), Paper Goods ($58.5k), and Precious Metals ($35.5k).

During 2018, Canada had a large net trade with Cayman Islands in the exports of Machines ($3.57M), Miscellaneous ($3.46M), and Chemical Products ($1.99M).

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 () (2023)

Exports from Canada () to Cayman Islands () (2023)

Latest Data

Trade between Cayman Islands () and Canada ()

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Cayman Islands () (2023)

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 () (2023)

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