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2022
Flag → Flag
Exports $6.01MRnk 11 / 92
2022
Flag → Flag
Top Product $4.39MPetroleum Gas
2022
Flag → Flag
Exports $1MRnk 34 / 139
2022
Flag → Flag
Top Product $354kPackaged Medicaments
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Cayman Islands-Barbados Trade: In 2022, Cayman Islands exported $6.01M to Barbados. The main products that Cayman Islands exported to Barbados were Petroleum Gas ($4.39M), Refined Petroleum ($722k), and Other Plastic Sheetings ($364k). Over the past 5 years the exports of Cayman Islands to Barbados have increased at an annualized rate of 157%, from $53.5k in 2017 to $6.01M in 2022.

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

Barbados-Cayman Islands Trade: In 2022, Barbados exported $1M to Cayman Islands. The main products that Barbados exported to Cayman Islands were Packaged Medicaments ($354k), Pesticides ($143k), and Hard Liquor ($143k). Over the past 5 years the exports of Barbados to Cayman Islands have decreased at an annualized rate of 3.02%,  from $1.17M in 2017 to $1M in 2022.

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

Comparison In 2022,  Cayman Islands ranked 165 in total exports ($737M). That same year, Barbados ranked 176 in total exports ($393M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $6.01M to Barbados. The main products exported from Cayman Islands to Barbados were Petroleum Gas ($4.39M), Refined Petroleum ($722k), and Other Plastic Sheetings ($364k). During the last 5 years the exports of Cayman Islands to Barbados have increased at an annualized rate of 157%, from $53.5k in 2017 to $6.01M in 2022.

In 2017, Barbados exported $1M to Cayman Islands. The main products exported from Barbados to Cayman Islands were Packaged Medicaments ($354k), Pesticides ($143k), and Hard Liquor ($143k). During the last 5 years the exports of Barbados to Cayman Islands have decreased at an annualized rate of 3.02%, from $1.17M in 2022 to $1M in 2017.

Exports from Cayman Islands (Flag) to Barbados (Flag) (2022)

Exports from Barbados (Flag) to Cayman Islands (Flag) (2022)

Latest Data

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

Barbados Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationMalta$218M
Barbados
Top DestinationUnited States$88.6M

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

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

In 2022, countries that imported more from Barbados than Cayman Islands included United States ($88.6M), Jamaica ($43.3M), and Trinidad and Tobago ($33.8M).

Difference in imports from Barbados (Flag) and Cayman Islands (Flag) (2022)

Comparative Advantage Cayman Islands - Barbados

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with Barbados in the exports of Mineral Products ($5.12M), Plastics and Rubbers ($368k), and Machines ($310k).

During 2017, Barbados had a large net trade with Cayman Islands in the exports of Chemical Products ($507k), Foodstuffs ($242k), and Instruments ($176k).

Economic Complexity

Competitive Landscape

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

Product Space of Cayman Islands (Flag) and Barbados (Flag) (2022)

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