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2022
Flag → Flag
Exports $163MRnk 2 / 92
2022
Flag → Flag
Top Product $163MOther Sea Vessels
2022
Flag → Flag
Exports $548kRnk 166 / 209
2022
Flag → Flag
Top Product $104kElectrical Transformers
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Cayman Islands-Norway Trade: In 2022, Cayman Islands exported $163M to Norway. The main products that Cayman Islands exported to Norway were Other Sea Vessels ($163M), Recreational Boats ($250k), and Valves ($8.7k). Over the past 5 years the exports of Cayman Islands to Norway have increased at an annualized rate of 389%, from $58.3k in 2017 to $163M in 2022.

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

Norway-Cayman Islands Trade: In 2022, Norway exported $548k to Cayman Islands. The main products that Norway exported to Cayman Islands were Electrical Transformers ($104k), Air Pumps ($82.9k), and Medical Instruments ($41.8k). Over the past 5 years the exports of Norway to Cayman Islands have decreased at an annualized rate of 59.8%,  from $52.5M in 2017 to $548k in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $163M to Norway. The main products exported from Cayman Islands to Norway were Other Sea Vessels ($163M), Recreational Boats ($250k), and Valves ($8.7k). During the last 5 years the exports of Cayman Islands to Norway have increased at an annualized rate of 389%, from $58.3k in 2017 to $163M in 2022.

In 2017, Norway exported $548k to Cayman Islands. The main products exported from Norway to Cayman Islands were Electrical Transformers ($104k), Air Pumps ($82.9k), and Medical Instruments ($41.8k). During the last 5 years the exports of Norway to Cayman Islands have decreased at an annualized rate of 59.8%, from $52.5M in 2022 to $548k in 2017.

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

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

Latest Data

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

Norway Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationMalta$218M
Norway
Top DestinationGermany$78.1B

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

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

In 2022, countries that imported more from Norway than Cayman Islands included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Cayman Islands - Norway

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with Norway in the exports of Transportation ($163M), Machines ($8.7k), and Footwear and Headwear ($1.4k).

During 2017, Norway had a large net trade with Cayman Islands in the exports of Machines ($413k), Instruments ($112k), and Plastics and Rubbers ($12.7k).

Economic Complexity

Competitive Landscape

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

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

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