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2021
Flag → Flag
Exports $37Rnk 114 / 0
2021
Flag → Flag
Exports $328kRnk 5 / 0
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Cayman Islands-Iceland Trade: In 2021, Cayman Islands exported $37 to Iceland. The main products that Cayman Islands exported to Iceland were N/A. Over the past 15 years the exports of Cayman Islands to Iceland have decreased at an annualized rate of 55.2%, from $6.33M in 2006 to $37 in 2021.

In 2021, Cayman Islands did not export any services to Iceland.

Iceland-Cayman Islands Trade: In 2021, Iceland exported $328k to Cayman Islands. The main products that Iceland exported to Cayman Islands were N/A. Over the past 15 years the exports of Iceland to Cayman Islands have increased at an annualized rate of 16.2%,  from $155k in 2006 to $328k in 2021.

In 2021, Iceland did not export any services to Cayman Islands.

Comparison In 2022,  Cayman Islands ranked 165 in total exports ($737M). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Cayman Islands exported $37 to Iceland. There were not main exports from Cayman Islands to Iceland in 2021. During the last 15 years the exports of Cayman Islands to Iceland have decreased at an annualized rate of 55.2%, from $6.33M in 2006 to $37 in 2021.

In 2016, Iceland exported $328k to Cayman Islands. There were not main exports from Iceland to Cayman Islands in 2016. During the last 5 years the exports of Iceland to Cayman Islands have increased at an annualized rate of 16.2%, from $155k in 2021 to $328k in 2016.

Exports from Cayman Islands (Flag) to Iceland (Flag) (2021)

Exports from Iceland (Flag) to Cayman Islands (Flag) (2021)

Latest Data

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

Iceland Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationMalta$218M
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Cayman Islands than Iceland included Malta ($218M), Seychelles ($121M), and Grenada ($62.6M).

In 2022, countries that imported more from Iceland than Cayman Islands included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

Difference in imports from Iceland (Flag) and Cayman Islands (Flag) (2022)

Comparative Advantage Cayman Islands - Iceland

Flow
Scale

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

During 2021, Cayman Islands had a large net trade with Iceland in the exports of .

During 2016, Iceland 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 Iceland. This means that a dot/product with the flag of Cayman Islands indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Cayman Islands.

Product Space of Cayman Islands (Flag) and Iceland (Flag) (2021)

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