2022
Flag
 GDP
$522BCURRENT US$
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2012-2022
Flag
GDP GROWTH
99%CURRENT US$
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2022
Flag
GDP PC
$54,660CURRENT US$
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2012-2022
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GDP PC GROWTH
64.9%CURRENT US$
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About

Cayman Islands-Israel Trade: In 2022, Cayman Islands exported $2.04M to Israel. The main products that Cayman Islands exported to Israel were Knit T-shirts ($1.05M), Non-Knit Men's Suits ($674k), and Knit Women's Suits ($94k). Over the past 5 years the exports of Cayman Islands to Israel have increased at an annualized rate of 190%, from $10k in 2017 to $2.04M in 2022.

In 2022, Cayman Islands did not export any services to Israel.

Israel-Cayman Islands Trade: In 2022, Israel exported $158k to Cayman Islands. The main products that Israel exported to Cayman Islands were Medical Furniture ($60k), Other Heating Machinery ($42k), and Medical Instruments ($14k). Over the past 5 years the exports of Israel to Cayman Islands have increased at an annualized rate of 0.65%,  from $153k in 2017 to $158k in 2022.

In 2012, Israel exported services to Cayman Islands worth $140M, with Computer and information services ($111M) and Royalties and license fees ($29.3M) 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $2.04M to Israel. The main products exported from Cayman Islands to Israel were Knit T-shirts ($1.05M), Non-Knit Men's Suits ($674k), and Knit Women's Suits ($94k). During the last 5 years the exports of Cayman Islands to Israel have increased at an annualized rate of 190%, from $10k in 2017 to $2.04M in 2022.

In 2017, Israel exported $158k to Cayman Islands. The main products exported from Israel to Cayman Islands were Medical Furniture ($60k), Other Heating Machinery ($42k), and Medical Instruments ($14k). During the last 5 years the exports of Israel to Cayman Islands have increased at an annualized rate of 0.65%, from $153k in 2022 to $158k in 2017.

Exports from Cayman Islands (Flag) to Israel (Flag) (2022)

Exports from Israel (Flag) to Cayman Islands (Flag) (2022)

Market Competitiveness

Color
Cayman Islands
Top Destination
Malta$218M
Israel
Top Destination
United States$20.3B

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

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

In 2022, countries that imported more from Israel than Cayman Islands included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

Comparative Advantage Cayman Islands - Israel

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with Israel in the exports of Textiles ($1.97M), Machines ($52k), and Footwear and Headwear ($8k).

During 2017, Israel had a large net trade with Cayman Islands in the exports of Machines ($61k), Miscellaneous ($61k), and Instruments ($28k).

Economic Complexity

Competitive Landscape

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

Product Space of Cayman Islands (Flag) and Israel (Flag) (2022)

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