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2022
Flag → Flag
Exports $40.4MRnk 131 / 224
2022
Flag → Flag
Top Product $9.91MPackaged Medicaments
2022
Flag → Flag
Exports $1.56MRnk 22 / 92
2022
Flag → Flag
Top Product $361kRecreational Boats
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

United Kingdom-Cayman Islands Trade: In 2022, United Kingdom exported $40.4M to Cayman Islands. The main products that United Kingdom exported to Cayman Islands were Packaged Medicaments ($9.91M), Paintings ($5.69M), and Cars ($4.03M). Over the past 5 years the exports of United Kingdom to Cayman Islands have decreased at an annualized rate of 2.49%, from $45.9M in 2017 to $40.4M in 2022.

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

Cayman Islands-United Kingdom Trade: In 2022, Cayman Islands exported $1.56M to United Kingdom. The main products that Cayman Islands exported to United Kingdom were Recreational Boats ($361k), Gas Turbines ($297k), and Other Furniture ($220k). Over the past 5 years the exports of Cayman Islands to United Kingdom have decreased at an annualized rate of 44%,  from $28.3M in 2017 to $1.56M in 2022.

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

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42),  and 14 in total exports ($469B). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, United Kingdom exported £2.41M and imported £140k from Cayman Islands, resulting in a positive trade balance of £2.27M. Between September 2023 and September 2024 the exports of United Kingdom have decreased by £-525k (-17.9%) from £2.93M to £2.41M, while imports decreased by £-701k (-83.3%) from £841k to £140k.

Trade In September 2024, the top exports of United Kingdom to Cayman Islands were Packaged Medicaments (£3.97M), Cars (£378k), Brochures (£101k), Large Construction Vehicles (£90.8k), and Other toys (£86.7k). In September 2024 the top imports of United Kingdom from Cayman Islands were Pepper (£114k), Commodities not elsewhere specified (£35.1k), Spices (£27.5k), Hard Liquor (£7.23k), and Electric Musical Instruments (£5.24k).

Origins In September 2024 the exports of United Kingdom were mainly from London Gateway (£1.04M), London Heathrow Airport (£598k), Manchester Airport (£299k), Southampton (£184k), and East Midlands Airport (£93.7k), while imports destinations were mainly Eurotunnel (£82.7k), Portsmouth (£17k), and London Heathrow Airport (£12.7k).

Growth In September 2024, the decrease in United Kingdom's year-by-year exports to Cayman Islands was explained primarily by an decrease in product exports in Vaccines, blood, antisera, toxins and cultures (£-505k or -99.1%), Laboratory Reagents (£-451k or -87.3%), and Medical Instruments (£-107k or -93.7%). In September 2024, the decrease in United Kingdom's year-by-year imports  from Cayman Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)£-525k(-17.9%)
IMPORT GROWTH (September 2023 - September 2024)£-701k(-83.3%)
MAIN EXPORTER (September 2024)London Gateway£1.04M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Cayman Islands and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cayman Islands and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $40.4M to Cayman Islands. The main products exported from United Kingdom to Cayman Islands were Packaged Medicaments ($9.91M), Paintings ($5.69M), and Cars ($4.03M). During the last 5 years the exports of United Kingdom to Cayman Islands have decreased at an annualized rate of 2.49%, from $45.9M in 2017 to $40.4M in 2022.

In 2017, Cayman Islands exported $1.56M to United Kingdom. The main products exported from Cayman Islands to United Kingdom were Recreational Boats ($361k), Gas Turbines ($297k), and Other Furniture ($220k). During the last 5 years the exports of Cayman Islands to United Kingdom have decreased at an annualized rate of 44%, from $28.3M in 2022 to $1.56M in 2017.

Exports from United Kingdom (Flag) to Cayman Islands (Flag) (2022)

Exports from Cayman Islands (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Cayman Islands
Top DestinationMalta$218M

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

In 2022, countries that imported more from United Kingdom than Cayman Islands included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

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

Difference in imports from Cayman Islands (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Cayman Islands

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Cayman Islands in the exports of Chemical Products ($12.4M), Transportation ($7.4M), and Arts and Antiques ($5.85M).

During 2017, Cayman Islands had a large net trade with United Kingdom in the exports of Transportation ($381k), Machines ($362k), and Miscellaneous ($222k).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Cayman Islands (Flag) (2022)

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