Flag Cayman Islands

Product Exports (2018): $1.01B, Rank 150 of 222

Exports Per Capita (2018): $15.8k, Rank 122 of 219

Product Imports (2018): $4.31B, Rank 136 of 221

Imports Per Capita (2018): $67.1k, Rank 112 of 219

Overview: This page contains the latest international trade data for Cayman Islands. In 2018 Cayman Islands was the number 150 in total exports and the number 136 in total imports. In 2018, Cayman Islands exported $1.01B and imported $4.31B, resulting in a negative trade balance of -$3.29B. In 2018, Cayman Islands's exports per capita were $15.8k and its imports per capita were $67.1k.

Trade: The top exports of Cayman Islands are Recreational Boats ($955M), Raw Lead ($9.69M), Wheat ($8.03M), Broadcasting Equipment ($7.8M), and Planes, Helicopters, and/or Spacecraft ($6.45M). The top imports of Cayman Islands are Recreational Boats ($3.17B), Passenger and Cargo Ships ($232M), Refined Petroleum ($160M), Sulfate Chemical Woodpulp ($118M), and Uncoated Paper ($54.7M).

Destinations: Cayman Islands exports mostly to Netherlands ($471M), Cyprus ($361M), Malta ($103M), United States ($13.4M), and Greece ($12.2M), and imports mostly from Netherlands ($1.32B), Germany ($767M), Cyprus ($753M), United States ($476M), and Italy ($262M).

Location: Cayman Islands borders Brazil, Ecuador, Panama, Peru, and Venezuela by land and Colombia, Cuba, Honduras, and Jamaica by sea.

Yearly Exports

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Top Export (2018): Recreational Boats, $955M

Top Destination (2018): Netherlands, $471M

In 2018 Cayman Islands exported a total of $1.01B, making it the number 150 exporter in the world. During the last five reported years the exports of Cayman Islands have changed by $177M from $836M in 2013 to $1.01B in 2018.

The most recent exports are led by Recreational Boats ($955M), Raw Lead ($9.69M), Wheat ($8.03M), Broadcasting Equipment ($7.8M), and Planes, Helicopters, and/or Spacecraft ($6.45M). The most common destination for the exports of Cayman Islands are Netherlands ($471M), Cyprus ($361M), Malta ($103M), United States ($13.4M), and Greece ($12.2M).

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Yearly Imports

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Top Import (2018): Recreational Boats, $3.17B

Top Origin (2018): Netherlands, $1.32B

In 2018 Cayman Islands imported $4.31B, making it the number 136 trade destination in the world. During the last five reported years the imports of Cayman Islands changed by $2.38B from $1.93B in 2013 to $4.31B in 2018.

The most recent imports of Cayman Islands are led by Recreational Boats ($3.17B), Passenger and Cargo Ships ($232M), Refined Petroleum ($160M), Sulfate Chemical Woodpulp ($118M), and Uncoated Paper ($54.7M). The most common import partners for Cayman Islands are Netherlands ($1.32B), Germany ($767M), Cyprus ($753M), United States ($476M), and Italy ($262M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Trade Forecasts

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This section shows forecasts for total product exports and imports for Cayman Islands. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Cayman Islands has a high level of specialization in Recreational Boats (1.08k), Raw Lead (21.7), Scrap Lead (7.19), Wheat (3.23), and Coffee and Tea Extracts (2.25). Specialization is measured using RCA, an index that takes the ratio between Cayman Islands observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Cayman Islands according to the product complexity index (PCI) are Yachts, pleasure, sports vessels, rowing boats, canoes (0.31), Wheat and meslin (-0.24), Extracts, essences, concentrates of tea, coffee, mate (-0.66), Lead waste or scrap (-1.34), and Unwrought lead (-1.4). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Cayman Islands according to the relatedness index, are Crude Petroleum (0.013), Scrap Copper (0.011), Gold (0.011), Rough Wood (0.01), and Bran (0.01). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cayman Islands is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.