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2023
Flag → Flag
Exports $2.51kRnk 61 / 78
2023
Flag → Flag
Top Product $2.5kBrooms
2023
Flag → Flag
Exports $4.89MRnk 175 / 220
2023
Flag → Flag
Top Product $3.23MVaccines, blood, antisera, toxins and cultures
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC $97,750CURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP PC GROWTH30.1%CURRENT US$
Rnk 78 / 195
2023
Flag
GDP PC$54,701CURRENT US$
Rnk 20 / 196
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Cayman Islands-Belgium Trade: In 2023, Cayman Islands exported $2.51k to Belgium. The main products that Cayman Islands exported to Belgium were Brooms ($2.5k), Hard Liquor ($12), and Refined Petroleum ($2). Over the past 5 years the exports of Cayman Islands to Belgium have increased at an annualized rate of 29.1%, from $700 in 2018 to $2.51k in 2023.

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

Belgium-Cayman Islands Trade: In 2023, Belgium exported $4.89M to Cayman Islands. The main products that Belgium exported to Cayman Islands were Vaccines, blood, antisera, toxins and cultures ($3.23M), Cars ($596k), and Electrical Transformers ($195k). Over the past 5 years the exports of Belgium to Cayman Islands have increased at an annualized rate of 18.1%,  from $2.13M in 2018 to $4.89M in 2023.

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

Comparison In 2023,  Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $2.51k to Belgium. The main products exported from Cayman Islands to Belgium were Brooms ($2.5k), Hard Liquor ($12), and Refined Petroleum ($2). During the last 5 years the exports of Cayman Islands to Belgium have increased at an annualized rate of 29.1%, from $700 in 2018 to $2.51k in 2023.

In 2018, Belgium exported $4.89M to Cayman Islands. The main products exported from Belgium to Cayman Islands were Vaccines, blood, antisera, toxins and cultures ($3.23M), Cars ($596k), and Electrical Transformers ($195k). During the last 5 years the exports of Belgium to Cayman Islands have increased at an annualized rate of 18.1%, from $2.13M in 2023 to $4.89M in 2018.

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

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

Latest Data

Trade between Cayman Islands (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationUnited Kingdom$326M
Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Cayman Islands than Belgium included Grenada ($67.2M), Barbados ($15.4M), and Belize ($9.88M).

In 2023, countries that imported more from Belgium than Cayman Islands included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage Cayman Islands - Belgium

Flow
Scale

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

During 2023, Cayman Islands had a large net trade with Belgium in the exports of Miscellaneous ($2.5k), Foodstuffs ($12), and Mineral Products ($2).

During 2018, Belgium had a large net trade with Cayman Islands in the exports of Chemical Products ($3.23M), Transportation ($597k), and Machines ($451k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Cayman Islands and Belgium. This means that a dot/product with the flag of Cayman Islands indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Cayman Islands.

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

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