Cayman Islands (CYM) and Bermuda (BMU) Trade | The Observatory of Economic Complexity

About

Cayman Islands-Bermuda Trade: In 2022, Cayman Islands exported $8.9k to Bermuda. The main products that Cayman Islands exported to Bermuda were Other Knit Garments ($3k), Vaccines, blood, antisera, toxins and cultures ($2.85k), and Other Plastic Products ($1.98k). Over the past 5 years the exports of Cayman Islands to Bermuda have decreased at an annualized rate of 53.9%, from $427k in 2017 to $8.9k in 2022.

In 2022, Cayman Islands did not export any services to Bermuda.

Bermuda-Cayman Islands In N/A, Bermuda did not export any products to Cayman Islands.

In 2022, Bermuda did not export any services to Cayman Islands.

Comparison In 2022, Cayman Islands ranked 165 in total exports ($737M). That same year, Bermuda ranked 199 in total exports ($68.1M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cayman Islands exported $8.9k to Bermuda. The main products exported from Cayman Islands to Bermuda were Other Knit Garments ($3k), Vaccines, blood, antisera, toxins and cultures ($2.85k), and Other Plastic Products ($1.98k). During the last 5 years the exports of Cayman Islands to Bermuda have decreased at an annualized rate of 53.9%, from $427k in 2017 to $8.9k in 2022.

Bermuda does not register exports to Cayman Islands.

Exports from Cayman Islands () to Bermuda () (2022)

Exports from Bermuda () to Cayman Islands () (2022)

Latest Data

Trade between Cayman Islands () and Bermuda ()

Bermuda Exports

Date

Oct 2017

Dec 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cayman Islands
Top DestinationMalta$218M

Bermuda
Top DestinationZambia$17.5M

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

In 2022, countries that imported more from Cayman Islands than Bermuda included Malta ($218M), Norway ($163M), and Seychelles ($121M).

In 2022, countries that imported more from Bermuda than Cayman Islands included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

Difference in imports from Bermuda () and Cayman Islands () (2022)

Comparative Advantage Cayman Islands - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cayman Islands had a large net trade with Bermuda in the exports of Textiles ($3.06k), Chemical Products ($2.88k), and Plastics and Rubbers ($1.98k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Cayman Islands () to Bermuda () (2022)

Exports from Bermuda () to Cayman Islands () (2022)

Latest Data

Trade between Cayman Islands () and Bermuda ()

Bermuda Exports

Market Competitiveness

Difference in imports from Bermuda () and Cayman Islands () (2022)

Comparative Advantage Cayman Islands - Bermuda

Economic Complexity

Competitive Landscape

Product Space of Cayman Islands () and Bermuda () (2022)

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