NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $16.1MRnk 140 / 215
2023
Flag → Flag
Top Product $3.21MOther Furniture
2023
Flag → Flag
Exports $2.36MRnk 14 / 78
2023
Flag → Flag
Top Product $1.59MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$97,750CURRENT US$
Rnk 6 / 196
2013-2023
Flag
GDP PC GROWTH30.1%CURRENT US$
Rnk 78 / 195

About

Canada-Cayman Islands Trade: In 2023, Canada exported $16.1M to Cayman Islands. The main products that Canada exported to Cayman Islands were Other Furniture ($3.21M), Electrical Transformers ($1.63M), and Packaged Medicaments ($1.62M). Over the past 5 years the exports of Canada to Cayman Islands have decreased at an annualized rate of 2.18%, from $18M in 2018 to $16.1M in 2023.

In 2020, Canada exported services to Cayman Islands worth $1.99B, with Financial services ($1.98B), Insurance services ($5.97M), and Computer and information services ($3.73M) being the largest in terms of value.

Cayman Islands-Canada Trade: In 2023, Cayman Islands exported $2.36M to Canada. The main products that Cayman Islands exported to Canada were Broadcasting Equipment ($1.59M), Electrical Ignitions ($558k), and Kaolin Coated Paper ($58.5k). Over the past 5 years the exports of Cayman Islands to Canada have decreased at an annualized rate of 13.7%,  from $4.92M in 2018 to $2.36M in 2023.

In 2023, Cayman Islands did not export any services to Canada.

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Canada exported C$2.13M and imported C$321k from Cayman Islands, resulting in a positive trade balance of C$1.81M. Between December 2023 and December 2024 the exports of Canada have increased by C$1M (89.4%) from C$1.12M to C$2.13M, while imports increased by C$129k (66.9%) from C$192k to C$321k.

Trade In December 2024, the top exports of Canada to Cayman Islands were Other Furniture (C$451k), Opto-Electric Instrument Parts (C$264k), Packaged Medicaments (C$162k), Padlocks (C$152k), and Electrical Transformers (C$136k). In December 2024 the top imports of Canada from Cayman Islands were Telephones (C$102k), Other Plastic Products (C$1.96k), Coffee (C$849), Blank Audio Media (C$441), and Essential Oils (C$153).

Origins In December 2024 the exports of Canada were mainly from Ontario (C$1.48M), Prince Edward Is. (C$296k), Newfoundland Labrador (C$125k), New Brunswick (C$90.2k), and Quebec (C$62.3k), while imports destinations were mainly British Columbia (C$236k), Alberta (C$60.6k), Ontario (C$24.7k), and Quebec (C$9).

Growth In December 2024, the increase in Canada's year-by-year exports to Cayman Islands was explained primarily by an increase in product exports in Other Furniture (C$297k or 192%), Packaged Medicaments (C$43k or 36%), and Computers (C$5.14k or 5.08k%). In December 2024, the increase in Canada's year-by-year imports  from Cayman Islands was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)C$1M(89.4%)
IMPORT GROWTH (December 2023 - December 2024)C$129k(66.9%)
MAIN EXPORTER (December 2024)OntarioC$1.48M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

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

For full datasets download visit Bulk Download page.

Explore Cayman Islands and Canada Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $16.1M to Cayman Islands. The main products exported from Canada to Cayman Islands were Other Furniture ($3.21M), Electrical Transformers ($1.63M), and Packaged Medicaments ($1.62M). During the last 5 years the exports of Canada to Cayman Islands have decreased at an annualized rate of 2.18%, from $18M in 2018 to $16.1M in 2023.

In 2018, Cayman Islands exported $2.36M to Canada. The main products exported from Cayman Islands to Canada were Broadcasting Equipment ($1.59M), Electrical Ignitions ($558k), and Kaolin Coated Paper ($58.5k). During the last 5 years the exports of Cayman Islands to Canada have decreased at an annualized rate of 13.7%, from $4.92M in 2023 to $2.36M in 2018.

Exports from Canada (Flag) to Cayman Islands (Flag) (2023)

Exports from Cayman Islands (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Cayman Islands
Top DestinationUnited Kingdom$326M

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

In 2023, countries that imported more from Canada than Cayman Islands included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Cayman Islands than Canada included Cyprus ($172M) and Grenada ($67.2M).

Difference in imports from Cayman Islands (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Cayman Islands

Flow
Scale

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

During 2023, Canada had a large net trade with Cayman Islands in the exports of Machines ($3.57M), Miscellaneous ($3.46M), and Chemical Products ($1.99M).

During 2018, Cayman Islands had a large net trade with Canada in the exports of Machines ($2.16M), Paper Goods ($58.5k), and Precious Metals ($35.5k).

Economic Complexity

Competitive Landscape

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

Product Space of Canada (Flag) and Cayman Islands (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms