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2022
Flag → Flag
Exports $16.6MRnk 8 / 92
2022
Flag → Flag
Top Product $16.3MRecreational Boats
2022
Flag → Flag
Exports $411MRnk 82 / 221
2022
Flag → Flag
Top Product $394MRecreational Boats
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

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

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $16.6M to Italy. The main products exported from Cayman Islands to Italy were Recreational Boats ($16.3M), Machinery Having Individual Functions ($76.7k), and Transmissions ($48.6k). During the last 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 2017, Italy exported $411M to Cayman Islands. The main products exported from Italy to Cayman Islands were Recreational Boats ($394M), Unglazed Ceramics ($2.73M), and Wine ($2.4M). During the last 5 years the exports of Italy to Cayman Islands have increased at an annualized rate of 14.3%, from $211M in 2022 to $411M in 2017.

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

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

Latest Data

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

Italy Exports

Market Competitiveness

Color
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 (Flag) and Cayman Islands (Flag) (2022)

Comparative Advantage Cayman Islands - Italy

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with Italy in the exports of Transportation ($16.4M), Machines ($211k), and Textiles ($24.1k).

During 2017, Italy had a large net trade with Cayman Islands in the exports of Transportation ($394M), Stone And Glass ($4.06M), and Foodstuffs ($3.89M).

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.

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

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