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Pricing

2022
Flag → Flag
Exports $1.04BRnk 80 / 219
2022
Flag → Flag
Top Product $309MRefined Petroleum
2022
Flag → Flag
Exports $40.2MRnk 5 / 92
2022
Flag → Flag
Top Product $25.3MRecreational Boats
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

United States-Cayman Islands Trade: In 2022, United States exported $1.04B to Cayman Islands. The main products that United States exported to Cayman Islands were Refined Petroleum ($309M), Gold ($49.8M), and Cars ($24.8M). Over the past 5 years the exports of United States to Cayman Islands have increased at an annualized rate of 9.61%, from $657M in 2017 to $1.04B in 2022.

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

Cayman Islands-United States Trade: In 2022, Cayman Islands exported $40.2M to United States. The main products that Cayman Islands exported to United States were Recreational Boats ($25.3M), Broadcasting Equipment ($7.45M), and Scrap Iron ($2.12M). Over the past 5 years the exports of Cayman Islands to United States have increased at an annualized rate of 20.5%,  from $15.8M in 2017 to $40.2M in 2022.

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

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47),  and 2 in total exports ($1.95T). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as Celebrity Cruises (179) and Pernod Ricard (1) were at the forefront of exporting goods from Cayman Islands to the United States. Conversely, Celebrity Cruises Inc. (178), Unknown (1), and Other (1) were notable for importing products to Cayman Islands from the United States.

Latest Trends

July, 2024

About

Overview In July 2024, United States exported $100M and imported $2M from Cayman Islands, resulting in a positive trade balance of $98.3M. Between July 2023 and July 2024 the exports of United States have increased by $11M (12.4%) from $89.2M to $100M, while imports increased by $976k (95.2%) from $1.03M to $2M.

Trade In July 2024, the top exports of United States to Cayman Islands were Commodities not elsewhere specified ($25M), Refined Petroleum ($21.4M), Cars ($2.04M), Other Furniture ($1.85M), and Jewellery ($1.09M). In July 2024 the top imports of United States from Cayman Islands were Telephones ($1.32M), Commodities not elsewhere specified ($978k), Other Measuring Instruments ($479k), Scrap Iron ($92.2k), and Scrap Aluminium ($56.5k).

Origins In July 2024 the exports of United States were mainly from Florida ($37.2M), Louisiana ($10.1M), US Virgin Islands ($9.11M), Texas ($5.52M), and Georgia ($2.34M), while imports destinations were mainly Idaho ($670k), Florida ($506k), New York ($178k), and North Carolina ($122k).

Growth In July 2024, the increase in United States's year-by-year exports to Cayman Islands was explained primarily by an increase in product exports in Jewellery ($932k or 595%), Base Metal Watches ($811k or 1.3k%), and Printed Circuit Boards ($682k or 1.19k%). In July 2024, the increase in United States's year-by-year imports  from Cayman Islands was explained primarily by an increase in product imports  in Other Measuring Instruments ($11.5k or 2.46%) and Electric Batteries ($4.29k or 135%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$11M(12.4%)
IMPORT GROWTH (July 2023 - July 2024)$976k(95.2%)
MAIN EXPORTER (July 2024)Florida$37.2M

This section shows exports and imports data at subnational level for United States. 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 States over time.

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

For full datasets download visit Bulk Download page.

Explore Cayman Islands and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $1.04B to Cayman Islands. The main products exported from United States to Cayman Islands were Refined Petroleum ($309M), Gold ($49.8M), and Cars ($24.8M). During the last 5 years the exports of United States to Cayman Islands have increased at an annualized rate of 9.61%, from $657M in 2017 to $1.04B in 2022.

In 2017, Cayman Islands exported $40.2M to United States. The main products exported from Cayman Islands to United States were Recreational Boats ($25.3M), Broadcasting Equipment ($7.45M), and Scrap Iron ($2.12M). During the last 5 years the exports of Cayman Islands to United States have increased at an annualized rate of 20.5%, from $15.8M in 2022 to $40.2M in 2017.

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

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

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Cayman Islands
Top DestinationMalta$218M

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

In 2022, countries that imported more from United States than Cayman Islands included Canada ($308B), Mexico ($294B), and China ($151B).

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

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

Comparative Advantage United States - Cayman Islands

Flow
Scale

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

During 2022, United States had a large net trade with Cayman Islands in the exports of Mineral Products ($320M), Machines ($137M), and Precious Metals ($87.8M).

During 2017, Cayman Islands had a large net trade with United States in the exports of Transportation ($25.4M), Machines ($8.37M), and Metals ($3.89M).

Economic Complexity

Competitive Landscape

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

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

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