2023
Flag  
GDP
$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH
62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC 
$97,750CURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 78 / 195
2023
Flag
GDP PC
$54,343CURRENT US$
Rnk 21 / 196
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195

About

Cayman Islands-Germany Trade: In 2023, Cayman Islands exported $74.8M to Germany. The main products that Cayman Islands exported to Germany were Planes, Helicopters, and/or Spacecraft ($72.9M), Beauty Products ($1.09M), and Paintings ($298k). Over the past 5 years the exports of Cayman Islands to Germany have increased at an annualized rate of 194%, from $343k in 2018 to $74.8M in 2023.

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

Germany-Cayman Islands Trade: In 2023, Germany exported $992M to Cayman Islands. The main products that Germany exported to Cayman Islands were Recreational Boats ($974M), Cars ($3.75M), and Engine Parts ($2.43M). Over the past 5 years the exports of Germany to Cayman Islands have increased at an annualized rate of 5.28%,  from $767M in 2018 to $992M in 2023.

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

Comparison In 2023,  Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index. That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $74.8M to Germany. The main products exported from Cayman Islands to Germany were Planes, Helicopters, and/or Spacecraft ($72.9M), Beauty Products ($1.09M), and Paintings ($298k). During the last 5 years the exports of Cayman Islands to Germany have increased at an annualized rate of 194%, from $343k in 2018 to $74.8M in 2023.

In 2018, Germany exported $992M to Cayman Islands. The main products exported from Germany to Cayman Islands were Recreational Boats ($974M), Cars ($3.75M), and Engine Parts ($2.43M). During the last 5 years the exports of Germany to Cayman Islands have increased at an annualized rate of 5.28%, from $767M in 2023 to $992M in 2018.

Exports from Cayman Islands (Flag) to Germany (Flag) (2023)

Exports from Germany (Flag) to Cayman Islands (Flag) (2023)

Latest Data

Trade between Cayman Islands (Flag) and Germany (Flag)

Germany Exports

Market Competitiveness

Color
Cayman Islands
Top Destination
United Kingdom$326M
Germany
Top Destination
United States$157B

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

In 2023, countries that imported more from Cayman Islands than Germany included Grenada ($67.2M).

In 2023, countries that imported more from Germany than Cayman Islands included United States ($157B), France ($118B), and Netherlands ($108B).

Difference in imports from Germany (Flag) and Cayman Islands (Flag) (2023)

Comparative Advantage Cayman Islands - Germany

Flow
Scale

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

During 2023, Cayman Islands had a large net trade with Germany in the exports of Transportation ($73M), Chemical Products ($1.28M), and Arts and Antiques ($298k).

During 2018, Germany had a large net trade with Cayman Islands in the exports of Transportation ($978M), Machines ($6.38M), and Plastics and Rubbers ($1.32M).

Economic Complexity

Competitive Landscape

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

Product Space of Cayman Islands (Flag) and Germany (Flag) (2023)

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