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Pricing

2022
Flag → Flag
Exports $411MRnk 82 / 221
2022
Flag → Flag
Top Product $394MRecreational Boats
2022
Flag → Flag
Exports $16.6MRnk 8 / 92
2022
Flag → Flag
Top Product $16.3MRecreational Boats
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Italy-Cayman Islands In 2022, Italy exported $411M to Cayman Islands. The main products that Italy exported to Cayman Islands are Recreational Boats ($394M), Unglazed Ceramics ($2.73M), and Wine ($2.4M). During the last 27 years the exports of Italy to Cayman Islands have increased at an annualized rate of 8.39%, from $46.6M in 1995 to $411M in 2022.

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

Cayman Islands-Italy In 2022, Cayman Islands exported $16.6M to Italy. The main products that Cayman Islands exported to Italy were Recreational Boats ($16.3M), Machinery Having Individual Functions ($76.7k), and Transmissions ($48.6k). During the last 27 years the exports of Cayman Islands to Italy have increased at an annualized rate of 3.09%, from $7.31M in 1995 to $16.6M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24),  and 7 in total exports ($634B). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €86.5M and imported €1.41M from Cayman Islands, resulting in a positive trade balance of €85.1M. Between December 2022 and December 2023 the exports of Italy have increased by €13.7M (18.9%) from €72.7M to €86.5M, while imports decreased by €-4.7M (-76.9%) from €6.11M to €1.41M.

Trade In December 2023, the top exports of Italy to Cayman Islands were . In December 2023 the top imports of Italy from Cayman Islands were Recreational Boats (€18.6M), Other Floating Structures (€15k), and Breathing Appliances (€4.9k).

Growth In December 2023, the increase in Italy's year-by-year exports to Cayman Islands was explained primarily by an increase in product exports in . In October 2023, the decrease in Italy's year-by-year imports  from Cayman Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€13.7M(18.9%)
IMPORT GROWTH (October 2022 - October 2023)€-4.7M(-76.9%)

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $411M to Cayman Islands. The main products exported from Italy to Cayman Islands were Recreational Boats ($394M), Unglazed Ceramics ($2.73M), and Wine ($2.4M). During the last 27 years the exports of Italy to Cayman Islands have increased at an annualized rate of 8.39%, from $46.6M in 1995 to $411M in 2022.

In 2022, Cayman Islands exported $16.6M to Italy. The main products exported from Cayman Islands to Italy were Recreational Boats ($16.3M), Machinery Having Individual Functions ($76.7k), and Transmissions ($48.6k). During the last 27 years the exports of Cayman Islands to Italy have increased at an annualized rate of 3.09%, from $7.31M in 1995 to $16.6M in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Cayman Islands
Top DestinationMalta$218M

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 2021, countries that imported more from Italy than Cayman Islands were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Cayman Islands than Italy were Grenada ($62.6M), Seychelles ($121M), and Belize ($18.9M).

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

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 2022, Italy had a large net trade with Cayman Islands in the exports of Transportation ($394M), Stone And Glass ($4.06M), and Foodstuffs ($3.89M).

During 2022, Cayman Islands had a large net trade with Italy in the exports of Transportation ($16.4M), Machines ($211k), and Textiles ($24.1k).

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 Italy has comparative advantage over Cayman Islands. Similarly, the more yellow a dot/product is, the more Cayman Islands has comparative advantage over Italy.

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

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