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2023
Flag → Flag
Exports $670MRnk 77 / 219
2023
Flag → Flag
Top Product $646MRecreational Boats
2023
Flag → Flag
Exports $40.1MRnk 5 / 78
2023
Flag → Flag
Top Product $39.1MRecreational Boats
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$97,750CURRENT US$
Rnk 6 / 196
2013-2023
Flag
GDP PC GROWTH30.1%CURRENT US$
Rnk 78 / 195

About

Italy-Cayman Islands Trade: In 2023, Italy exported $670M to Cayman Islands. The main products that Italy exported to Cayman Islands were Recreational Boats ($646M), Passenger and Cargo Ships ($3.4M), and Electrical Transformers ($2.73M). Over the past 5 years the exports of Italy to Cayman Islands have increased at an annualized rate of 20.7%, from $262M in 2018 to $670M in 2023.

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

Cayman Islands-Italy Trade: In 2023, Cayman Islands exported $40.1M to Italy. The main products that Cayman Islands exported to Italy were Recreational Boats ($39.1M), Machinery Having Individual Functions ($176k), and Other Floating Structures ($140k). Over the past 5 years the exports of Cayman Islands to Italy have increased at an annualized rate of 29.6%,  from $11M in 2018 to $40.1M in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Italy exported €35.1M and imported €1.18M from Cayman Islands, resulting in a positive trade balance of €33.9M. Between November 2023 and November 2024 the exports of Italy have increased by €24M (215%) from €11.1M to €35.1M, while imports decreased by €-233k (-16.5%) from €1.41M to €1.18M.

Growth In November 2024, the increase in Italy's year-by-year exports to Cayman Islands was explained primarily by an increase in product exports in . In October 2024, the decrease in Italy'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 (November 2023 - November 2024)€24M(215%)
IMPORT GROWTH (October 2023 - October 2024)€-233k(-16.5%)

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

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

For full datasets download visit Bulk Download page.

Explore Cayman Islands and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $670M to Cayman Islands. The main products exported from Italy to Cayman Islands were Recreational Boats ($646M), Passenger and Cargo Ships ($3.4M), and Electrical Transformers ($2.73M). During the last 5 years the exports of Italy to Cayman Islands have increased at an annualized rate of 20.7%, from $262M in 2018 to $670M in 2023.

In 2018, Cayman Islands exported $40.1M to Italy. The main products exported from Cayman Islands to Italy were Recreational Boats ($39.1M), Machinery Having Individual Functions ($176k), and Other Floating Structures ($140k). During the last 5 years the exports of Cayman Islands to Italy have increased at an annualized rate of 29.6%, from $11M in 2023 to $40.1M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Cayman Islands
Top DestinationUnited Kingdom$326M

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

In 2023, countries that imported more from Italy than Cayman Islands included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Cayman Islands than Italy included Grenada ($67.2M), Belize ($9.88M), and Barbados ($15.4M).

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

Comparative Advantage Italy - Cayman Islands

Flow
Scale

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

During 2023, Italy had a large net trade with Cayman Islands in the exports of Transportation ($650M), Machines ($4.82M), and Foodstuffs ($4.49M).

During 2018, Cayman Islands had a large net trade with Italy in the exports of Transportation ($39.3M), Machines ($424k), and Metals ($143k).

Economic Complexity

Competitive Landscape

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

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

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