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2023
Flag → Flag
Exports $962kRnk 18 / 78
2023
Flag → Flag
Top Product $257kElectric Generating Sets
2023
Flag → Flag
Exports $135Rnk 109 / 114
2023
Flag → Flag
Top Product $40Brochures
2023
Flag  
GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP$14.3BCURRENT US$
Rnk 139 / 195
2013-2023
Flag
GDP GROWTH37.9%CURRENT US$
Rnk 98 / 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$35,897CURRENT US$
Rnk 36 / 196
2013-2023
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 77 / 195

About

Cayman Islands-Bahamas Trade: In 2023, Cayman Islands exported $962k to Bahamas. The main products that Cayman Islands exported to Bahamas were Electric Generating Sets ($257k), Rolling Machines ($180k), and Recreational Boats ($119k). Over the past 5 years the exports of Cayman Islands to Bahamas have decreased at an annualized rate of 22.2%, from $3.38M in 2018 to $962k in 2023.

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

Bahamas-Cayman Islands Trade: In 2023, Bahamas exported $135 to Cayman Islands. The main products that Bahamas exported to Cayman Islands were Brochures ($40), Non-Knit Women's Suits ($40), and Video Displays ($30). Over the past 5 years the exports of Bahamas to Cayman Islands have decreased at an annualized rate of 74%,  from $114k in 2018 to $135 in 2023.

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

Comparison In 2023,  Cayman Islands ranked 165 in total exports ($818M). That same year, Bahamas ranked 139 in total exports ($3.01B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $962k to Bahamas. The main products exported from Cayman Islands to Bahamas were Electric Generating Sets ($257k), Rolling Machines ($180k), and Recreational Boats ($119k). During the last 5 years the exports of Cayman Islands to Bahamas have decreased at an annualized rate of 22.2%, from $3.38M in 2018 to $962k in 2023.

In 2018, Bahamas exported $135 to Cayman Islands. The main products exported from Bahamas to Cayman Islands were Brochures ($40), Non-Knit Women's Suits ($40), and Video Displays ($30). During the last 5 years the exports of Bahamas to Cayman Islands have decreased at an annualized rate of 74%, from $114k in 2023 to $135 in 2018.

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

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

Market Competitiveness

Color
Cayman Islands
Top DestinationUnited Kingdom$326M
Bahamas
Top DestinationUnited States$1.07B

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

In 2023, countries that imported more from Cayman Islands than Bahamas included United Kingdom ($326M), Cyprus ($172M), and Grenada ($67.2M).

In 2023, countries that imported more from Bahamas than Cayman Islands included United States ($1.07B), Zimbabwe ($469M), and Cote d'Ivoire ($418M).

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

Comparative Advantage Cayman Islands - Bahamas

Flow
Scale

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

During 2023, Cayman Islands had a large net trade with Bahamas in the exports of Machines ($627k), Transportation ($119k), and Instruments ($54.7k).

During 2018, Bahamas had a large net trade with Cayman Islands in the exports of Paper Goods ($40), Textiles ($40), and Machines ($30).

Economic Complexity

Competitive Landscape

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

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

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