Cayman Islands (CYM) and Italy (ITA) Trade | The Observatory of Economic Complexity

2022

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Exports $16.6MRnk 8 / 92

2022

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Cayman Islands-Italy Trade: In 2022, Cayman Islands exported $16.6M to Italy. The main products that Cayman Islands exported to Italy were Recreational Boats ($16.3M), Machinery Having Individual Functions ($76.7k), and Transmissions ($48.6k). Over the past 5 years the exports of Cayman Islands to Italy have increased at an annualized rate of 6.49%, from $12.1M in 2017 to $16.6M in 2022.

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

Italy-Cayman Islands Trade: In 2022, Italy exported $411M to Cayman Islands. The main products that Italy exported to Cayman Islands were Recreational Boats ($394M), Unglazed Ceramics ($2.73M), and Wine ($2.4M). Over the past 5 years the exports of Italy to Cayman Islands have increased at an annualized rate of 14.3%, from $211M in 2017 to $411M in 2022.

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

Comparison In 2022, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Latest Data

Trade between Cayman Islands () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cayman Islands
Top DestinationMalta$218M

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Cayman Islands than Italy included Grenada ($62.6M), Seychelles ($121M), and Belize ($18.9M).

In 2022, countries that imported more from Italy than Cayman Islands included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy () and Cayman Islands () (2022)

Economic Complexity

Competitive Landscape

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