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Overview In 2021 Cayman Islands was the number 140 economy in the world in terms of total exports and the number 131 in total imports.

Exports The top exports of Cayman Islands are Recreational Boats ($2.01B), Planes, Helicopters, and/or Spacecraft ($248M), Passenger and Cargo Ships ($78.7M), Refined Petroleum ($38.9M), and Petroleum Gas ($15.6M), exporting mostly to Netherlands ($1.93B), Cyprus ($180M), India ($85.2M), Japan ($46.9M), and Grenada ($38M).

Imports The top imports of Cayman Islands are Recreational Boats ($4.73B), Refined Petroleum ($254M), Passenger and Cargo Ships ($97.1M), Cars ($84M), and Planes, Helicopters, and/or Spacecraft ($43.8M), importing mostly from Netherlands ($3.32B), United States ($904M), Italy ($562M), Germany ($416M), and Seychelles ($300M).

In 2021, Cayman Islands was the world's biggest importer of Recreational Boats ($4.73B)

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

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Cayman Islands.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Recreational Boats$2.01B
Top Destination (2021)Netherlands$1.93B

In 2021, Cayman Islands exported a total of $2.43B, making it the number 140 exporter in the world. During the last five reported years the exports of Cayman Islands have changed by $260M from $2.17B in 2016 to $2.43B in 2021.

The most recent exports are led by Recreational Boats ($2.01B), Planes, Helicopters, and/or Spacecraft ($248M), Passenger and Cargo Ships ($78.7M), Refined Petroleum ($38.9M), and Petroleum Gas ($15.6M). The most common destination for the exports of Cayman Islands are Netherlands ($1.93B), Cyprus ($180M), India ($85.2M), Japan ($46.9M), and Grenada ($38M).

Explore Visualizations

Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
Netherlands$632M (+ 48.5%)
India$84.1M (+ 8.11k%)
Japan$23.7M (+ 102%)
Fastest Growing Import Markets (2020 - 2021)
Netherlands$1.33B (+ 66.6%)
United States$263M (+ 41%)
Italy$207M (+ 58.1%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Export Year
Import Year
Cayman Islands Exports Services (2019)$3.77B
Cayman Islands Imports Services (2019)$1.41B

In 2019, Cayman Islands exported $3.77B worth of services. The top services exported by Cayman Islands in 2019 were Financial services ($1.37B), Personal travel ($864M), Other business services ($773M), Insurance services ($562M), and Transportation ($111M).

The top services imported by Cayman Islands in 2019 were Other business services ($304M), Insurance services ($296M), Financial services ($232M), Personal travel ($218M), and Transportation ($185M).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Most Specialized Products by RCA Index

Cayman Islands has a high level of specialization in Recreational Boats (718), Planes, Helicopters, and/or Spacecraft (18.1), Passenger and Cargo Ships (9.22), Scrap Lead (2.36), and Micro-Organism Culture Preparations (1.66). 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

The highest complexity exports of Cayman Islands according to the product complexity index (PCI) are Prepared culture media for the development or maintenance of micro-organisms (including viruses... (1.23), Yachts and other vessels; for pleasure or sports, rowing boats and canoes (0.29), Acyclic hydrocarbons (0.28), Aircraft n.e.c. in heading no. 8801 (e.g. helicopters, aeroplanes); spacecraft (including satellites)... (0.27), and Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for... (-0.39). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Cayman Islands according to the relatedness index, were Typewriters (0.01), Special Purpose Ships (0.0099), Surveying Equipment (0.0098), Scrap Vessels (0.0097), and Refined Petroleum (0.0096). 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.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Cayman Islands. These are products that tend to be co-exported with the products that Cayman Islands exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

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