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Pricing

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 1.38Rnk 12 / 124
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 In 2022, United Kingdom exported $40.4M to Cayman Islands. The main products that United Kingdom exported to Cayman Islands are Packaged Medicaments ($9.91M), Paintings ($5.69M), and Cars ($4.03M). During the last 27 years the exports of United Kingdom to Cayman Islands have increased at an annualized rate of 3.55%, from $15.8M in 1995 to $40.4M in 2022.

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

Cayman Islands-United Kingdom 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). During the last 27 years the exports of Cayman Islands to United Kingdom have increased at an annualized rate of 2.68%, from $765k in 1995 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 1.38),  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

January, 2024

About

Overview In January 2024, United Kingdom exported £2.72M and imported £14.3M from Cayman Islands, resulting in a negative trade balance of £11.6M. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-2.63M (-49.2%) from £5.35M to £2.72M, while imports increased by £14.1M (7.27k%) from £194k to £14.3M.

Trade In January 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 January 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 January 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£914k), Dover Eurotunnel (£636k), London Gateway (£354k), Manchester Airport (£248k), and Southampton (£230k), while imports destinations were mainly Falmouth (£13.8M), Eurotunnel (£379k), Felixstowe (£16.5k), and London Heathrow Airport (£12.5k).

Growth In January 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 January 2024, the increase in United Kingdom's year-by-year imports  from Cayman Islands was explained primarily by an increase in product imports  in Commodities not elsewhere specified (£5.25k or 17.6%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)£-2.63M(-49.2%)
IMPORT GROWTH (January 2023 - January 2024)£14.1M(7.27k%)
MAIN EXPORTER (January 2024)London Heathrow Airport£914k

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 27 years the exports of United Kingdom to Cayman Islands have increased at an annualized rate of 3.55%, from $15.8M in 1995 to $40.4M in 2022.

In 2022, 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 27 years the exports of Cayman Islands to United Kingdom have increased at an annualized rate of 2.68%, from $765k in 1995 to $1.56M in 2022.

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 2021, countries that imported more from United Kingdom than Cayman Islands were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Cayman Islands than United Kingdom were 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 2022, 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 show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Cayman Islands. Similarly, the more yellow a dot/product is, the more Cayman Islands has comparative advantage over United Kingdom.

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

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