United States (USA) and Cayman Islands (CYM) Trade | The Observatory of Economic Complexity

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Pricing

United States (USA) and Cayman Islands (CYM) Trade

2022

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Exports $1.04BRnk 80 / 219

2022

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About

United States-Cayman Islands In 2022, United States exported $1.04B to Cayman Islands. The main products that United States exported to Cayman Islands are Refined Petroleum ($309M), Gold ($49.8M), and Cars ($24.8M). During the last 27 years the exports of United States to Cayman Islands have increased at an annualized rate of 7.84%, from $136M in 1995 to $1.04B in 2022.

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

Cayman Islands-United States 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). During the last 27 years the exports of Cayman Islands to United States have increased at an annualized rate of 3.81%, from $14.7M in 1995 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 1.41), 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.

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (358) were at the forefront of exporting goods from Cayman Islands to the United States. Conversely, CELEBRITY CRUISES INC. (356) were notable for importing Cayman Islands products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $96M and imported $1.81M from Cayman Islands, resulting in a positive trade balance of $94.2M. Between January 2023 and January 2024 the exports of United States have decreased by $-6.06M (-5.94%) from $102M to $96M, while imports decreased by $-1.24M (-40.7%) from $3.05M to $1.81M.

Trade In January 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 January 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 January 2024 the exports of United States were mainly from Florida ($36.9M), Louisiana ($8.11M), Texas ($7.14M), US Virgin Islands ($5.19M), and Georgia ($1.7M), while imports destinations were mainly Idaho ($861k), Florida ($299k), Georgia ($165k), and New York ($122k).

Growth In January 2024, the decrease in United States's year-by-year exports to Cayman Islands was explained primarily by an decrease in product exports in Refined Petroleum ($-21.1M or -49.7%), Commodities not elsewhere specified ($-6.05M or -19.5%), and Coin ($-2.78M or -93.6%). In January 2024, the decrease in United States's year-by-year imports from Cayman Islands was explained primarily by an decrease in product imports in Commodities not elsewhere specified ($-210k or -17.7%), Telephones ($-98.7k or -6.93%), and Scrap Iron ($-92k or -49.9%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-6.06M(-5.94%)

IMPORT GROWTH (January 2023 - January 2024)$-1.24M(-40.7%)

MAIN EXPORTER (January 2024)Florida$36.9M

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of United States to Cayman Islands have increased at an annualized rate of 7.84%, from $136M in 1995 to $1.04B in 2022.

In 2022, 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 27 years the exports of Cayman Islands to United States have increased at an annualized rate of 3.81%, from $14.7M in 1995 to $40.2M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from United States than Cayman Islands were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Cayman Islands than United States were Seychelles ($121M).

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

Comparative Advantage United States - Cayman Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, 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

Year

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

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

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