2023
Flag  
GDP
$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH
62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP
$1.32BCURRENT US$
Rnk 183 / 195
2013-2023
Flag
GDP GROWTH
56.3%CURRENT US$
Rnk 61 / 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
$11,246CURRENT US$
Rnk 86 / 196
2013-2023
Flag
GDP PC GROWTH
51.5%CURRENT US$
Rnk 46 / 195

About

Cayman Islands-Grenada Trade: In 2023, Cayman Islands exported $67.2M to Grenada. The main products that Cayman Islands exported to Grenada were Refined Petroleum ($66.9M), Petroleum Gas ($203k), and Laboratory Reagents ($40.8k). Over the past 5 years the exports of Cayman Islands to Grenada have increased at an annualized rate of 270%, from $96.8k in 2018 to $67.2M in 2023.

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

Grenada-Cayman Islands Trade: In 2023, Grenada exported $54.3k to Cayman Islands. The main products that Grenada exported to Cayman Islands were N/A. Over the past 5 years the exports of Grenada to Cayman Islands have increased at an annualized rate of 150%,  from $557 in 2018 to $54.3k in 2023.

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

Comparison In 2023,  Cayman Islands ranked 165 in total exports ($818M). That same year, Grenada ranked 201 in total exports ($58.3M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $67.2M to Grenada. The main products exported from Cayman Islands to Grenada were Refined Petroleum ($66.9M), Petroleum Gas ($203k), and Laboratory Reagents ($40.8k). During the last 5 years the exports of Cayman Islands to Grenada have increased at an annualized rate of 270%, from $96.8k in 2018 to $67.2M in 2023.

In 2016, Grenada exported $54.3k to Cayman Islands. There were not main exports from Grenada to Cayman Islands in 2016. During the last 5 years the exports of Grenada to Cayman Islands have increased at an annualized rate of 150%, from $557 in 2021 to $54.3k in 2016.

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

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

Latest Data

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

Grenada Exports

Market Competitiveness

Color
Cayman Islands
Top Destination
United Kingdom$326M
Grenada
Top Destination
United States$13.8M

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

In 2023, countries that imported more from Cayman Islands than Grenada included United Kingdom ($326M), Cyprus ($172M), and Germany ($74.8M).

In 2023, countries that imported more from Grenada than Cayman Islands included Antigua and Barbuda ($7.79M), Saint Vincent and the Grenadines ($4.67M), and Trinidad and Tobago ($3.15M).

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

Comparative Advantage Cayman Islands - Grenada

Flow
Scale

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

During 2023, Cayman Islands had a large net trade with Grenada in the exports of Mineral Products ($67.1M), Chemical Products ($57.4k), and Machines ($7.04k).

During 2016, Grenada had a large net trade with Cayman Islands in the exports of .

Economic Complexity

Competitive Landscape

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

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

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