2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Ecuador-Cayman Islands Trade: In 2022, Ecuador exported $43.3k to Cayman Islands. The main products that Ecuador exported to Cayman Islands were Other Cloth Articles ($8.7k), Knitted Hats ($6.14k), and Trunks and Cases ($4.76k). Over the past 5 years the exports of Ecuador to Cayman Islands have decreased at an annualized rate of 14.8%, from $96.3k in 2017 to $43.3k in 2022.

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

Cayman Islands-Ecuador Trade: In 2022, Cayman Islands exported $18.9k to Ecuador. The main products that Cayman Islands exported to Ecuador were Other Inorganic Acids ($17.3k), Knit Men's Undergarments ($1.57k), and Knit Sweaters ($28). Over the past 5 years the exports of Cayman Islands to Ecuador have increased at an annualized rate of 12%,  from $6.11k in 2017 to $18.9k in 2022.

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

Comparison In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96),  and 68 in total exports ($36B). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $43.3k to Cayman Islands. The main products exported from Ecuador to Cayman Islands were Other Cloth Articles ($8.7k), Knitted Hats ($6.14k), and Trunks and Cases ($4.76k). During the last 5 years the exports of Ecuador to Cayman Islands have decreased at an annualized rate of 14.8%, from $96.3k in 2017 to $43.3k in 2022.

In 2017, Cayman Islands exported $18.9k to Ecuador. The main products exported from Cayman Islands to Ecuador were Other Inorganic Acids ($17.3k), Knit Men's Undergarments ($1.57k), and Knit Sweaters ($28). During the last 5 years the exports of Cayman Islands to Ecuador have increased at an annualized rate of 12%, from $6.11k in 2022 to $18.9k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Cayman Islands
Top Destination
Malta$218M

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

In 2022, countries that imported more from Ecuador than Cayman Islands included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2022, countries that imported more from Cayman Islands than Ecuador included Malta ($218M), Norway ($163M), and Seychelles ($121M).

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

Comparative Advantage Ecuador - Cayman Islands

Flow
Scale

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

During 2022, Ecuador had a large net trade with Cayman Islands in the exports of Textiles ($19.1k), Footwear and Headwear ($8.78k), and Stone And Glass ($5.53k).

During 2017, Cayman Islands had a large net trade with Ecuador in the exports of Chemical Products ($17.3k) and Textiles ($1.59k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ecuador and Cayman Islands. This means that a dot/product with the flag of Ecuador 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 Ecuador.

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

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