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2022
Flag → Flag
Exports $5.85MRnk 181 / 217
2022
Flag → Flag
Top Product $1.51MPackaged Medicaments
2022
Flag → Flag
Exports $924Rnk 74 / 92
2022
Flag → Flag
Top Product $882Electrical Power Accessories
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

India-Cayman Islands Trade: In 2022, India exported $5.85M to Cayman Islands. The main products that India exported to Cayman Islands were Packaged Medicaments ($1.51M), Medical Instruments ($1.26M), and Toilet Paper ($398k). Over the past 5 years the exports of India to Cayman Islands have increased at an annualized rate of 7.09%, from $4.15M in 2017 to $5.85M in 2022.

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

Cayman Islands-India Trade: In 2022, Cayman Islands exported $924 to India. The main products that Cayman Islands exported to India were Electrical Power Accessories ($882) and Integrated Circuits ($42). Over the past 5 years the exports of Cayman Islands to India have decreased at an annualized rate of 82.2%,  from $5.23M in 2017 to $924 in 2022.

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

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, India exported $566k and imported $79.6M from Cayman Islands, resulting in a negative trade balance of $79.1M. Between July 2023 and July 2024 the exports of India have increased by $155k (37.8%) from $410k to $566k, while imports increased by $79.6M (724M%) from $11 to $79.6M.

Trade In July 2024, the top exports of India to Cayman Islands were Drug Formulations, Biologicals ($75.5k), Medical And Scientific Instrum ($35.5k), Surgicals ($32.3k), Rice -Basmoti ($24.2k), and Electronics Instruments ($20.1k). In July 2024 the top imports of India from Cayman Islands were .

Growth In July 2024, the increase in India's year-by-year exports to Cayman Islands was explained primarily by an increase in product exports in Electronics Instruments ($14.9k or 288%), Rmg Cotton Incl Accessories ($10.1k or 1.83k%), and Books, Publications And Prntng ($54 or 40.9%). In May 2024, the increase in India's year-by-year imports  from Cayman Islands was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)$155k(37.8%)
IMPORT GROWTH (May 2023 - May 2024)$79.6M(724M%)

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

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

For full datasets download visit Bulk Download page.

Explore Cayman Islands and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $5.85M to Cayman Islands. The main products exported from India to Cayman Islands were Packaged Medicaments ($1.51M), Medical Instruments ($1.26M), and Toilet Paper ($398k). During the last 5 years the exports of India to Cayman Islands have increased at an annualized rate of 7.09%, from $4.15M in 2017 to $5.85M in 2022.

In 2017, Cayman Islands exported $924 to India. The main products exported from Cayman Islands to India were Electrical Power Accessories ($882) and Integrated Circuits ($42). During the last 5 years the exports of Cayman Islands to India have decreased at an annualized rate of 82.2%, from $5.23M in 2022 to $924 in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Cayman Islands
Top DestinationMalta$218M

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

In 2022, countries that imported more from India than Cayman Islands included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Cayman Islands

Flow
Scale

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

During 2022, India had a large net trade with Cayman Islands in the exports of Chemical Products ($2.35M), Instruments ($1.54M), and Textiles ($492k).

During 2017, Cayman Islands had a large net trade with India in the exports of Machines ($924).

Economic Complexity

Competitive Landscape

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

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

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