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2023
Flag → Flag
Exports $3.58MRnk 167 / 217
2023
Flag → Flag
Top Product $1.57MAwnings, Tents, and Sails
2023
Flag → Flag
Exports $6.2kRnk 51 / 78
2023
Flag → Flag
Top Product $2kOpto-Electric Instrument Parts
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC$97,750CURRENT US$
Rnk 6 / 196
2013-2023
Flag
GDP PC GROWTH30.1%CURRENT US$
Rnk 78 / 195

About

Denmark-Cayman Islands Trade: In 2023, Denmark exported $3.58M to Cayman Islands. The main products that Denmark exported to Cayman Islands were Awnings, Tents, and Sails ($1.57M), Electric Motor Parts ($1.18M), and Sports Equipment ($442k). Over the past 5 years the exports of Denmark to Cayman Islands have increased at an annualized rate of 66%, from $284k in 2018 to $3.58M in 2023.

In 2023, Denmark did not export any services to Cayman Islands.

Cayman Islands-Denmark Trade: In 2023, Cayman Islands exported $6.2k to Denmark. The main products that Cayman Islands exported to Denmark were Opto-Electric Instrument Parts ($2k), Computers ($1.39k), and Video Cameras ($505). Over the past 5 years the exports of Cayman Islands to Denmark have decreased at an annualized rate of 34.1%,  from $50k in 2018 to $6.2k in 2023.

In 2023, Cayman Islands did not export any services to Denmark.

Comparison In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13),  and 37 in total exports ($118B). That same year, Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $3.58M to Cayman Islands. The main products exported from Denmark to Cayman Islands were Awnings, Tents, and Sails ($1.57M), Electric Motor Parts ($1.18M), and Sports Equipment ($442k). During the last 5 years the exports of Denmark to Cayman Islands have increased at an annualized rate of 66%, from $284k in 2018 to $3.58M in 2023.

In 2018, Cayman Islands exported $6.2k to Denmark. The main products exported from Cayman Islands to Denmark were Opto-Electric Instrument Parts ($2k), Computers ($1.39k), and Video Cameras ($505). During the last 5 years the exports of Cayman Islands to Denmark have decreased at an annualized rate of 34.1%, from $50k in 2023 to $6.2k in 2018.

Exports from Denmark (Flag) to Cayman Islands (Flag) (2023)

Exports from Cayman Islands (Flag) to Denmark (Flag) (2023)

Latest Data

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

Denmark Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Cayman Islands
Top DestinationUnited Kingdom$326M

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

In 2023, countries that imported more from Denmark than Cayman Islands included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

In 2023, countries that imported more from Cayman Islands than Denmark included Cyprus ($172M), Grenada ($67.2M), and Barbados ($15.4M).

Difference in imports from Cayman Islands (Flag) and Denmark (Flag) (2023)

Comparative Advantage Denmark - Cayman Islands

Flow
Scale

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

During 2023, Denmark had a large net trade with Cayman Islands in the exports of Textiles ($1.6M), Machines ($1.29M), and Miscellaneous ($505k).

During 2018, Cayman Islands had a large net trade with Denmark in the exports of Instruments ($2.84k), Machines ($2.01k), and Metals ($581).

Economic Complexity

Competitive Landscape

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

Product Space of Denmark (Flag) and Cayman Islands (Flag) (2023)

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