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2023
Flag → Flag
Exports $15.4MRnk 8 / 78
2023
Flag → Flag
Top Product $13.3MRefined Petroleum
2023
Flag → Flag
Exports $1.31MRnk 34 / 139
2023
Flag → Flag
Top Product $476kPackaged Medicaments
2023
Flag  
GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 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$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Cayman Islands-Barbados Trade: In 2023, Cayman Islands exported $15.4M to Barbados. The main products that Cayman Islands exported to Barbados were Refined Petroleum ($13.3M), Petroleum Gas ($1.85M), and Packaged Medicaments ($138k). Over the past 5 years the exports of Cayman Islands to Barbados have increased at an annualized rate of 208%, from $55k in 2018 to $15.4M in 2023.

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

Barbados-Cayman Islands Trade: In 2023, Barbados exported $1.31M to Cayman Islands. The main products that Barbados exported to Cayman Islands were Packaged Medicaments ($476k), Hard Liquor ($258k), and Pesticides ($196k). Over the past 5 years the exports of Barbados to Cayman Islands have increased at an annualized rate of 7.98%,  from $892k in 2018 to $1.31M in 2023.

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

Comparison In 2023,  Cayman Islands ranked 165 in total exports ($818M). That same year, Barbados ranked 171 in total exports ($421M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $15.4M to Barbados. The main products exported from Cayman Islands to Barbados were Refined Petroleum ($13.3M), Petroleum Gas ($1.85M), and Packaged Medicaments ($138k). During the last 5 years the exports of Cayman Islands to Barbados have increased at an annualized rate of 208%, from $55k in 2018 to $15.4M in 2023.

In 2018, Barbados exported $1.31M to Cayman Islands. The main products exported from Barbados to Cayman Islands were Packaged Medicaments ($476k), Hard Liquor ($258k), and Pesticides ($196k). During the last 5 years the exports of Barbados to Cayman Islands have increased at an annualized rate of 7.98%, from $892k in 2023 to $1.31M in 2018.

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

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

Latest Data

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

Barbados Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationUnited Kingdom$326M
Barbados
Top DestinationUnited States$91M

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 2023, countries that imported more from Cayman Islands than Barbados included United Kingdom ($326M), Cyprus ($172M), and Germany ($74.8M).

In 2023, countries that imported more from Barbados than Cayman Islands included United States ($91M), Jamaica ($71.2M), and Trinidad and Tobago ($33.7M).

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

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 2023, Cayman Islands had a large net trade with Barbados in the exports of Mineral Products ($15.1M), Chemical Products ($151k), and Machines ($48.5k).

During 2018, Barbados had a large net trade with Cayman Islands in the exports of Chemical Products ($708k), Foodstuffs ($389k), and Instruments ($106k).

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) (2023)

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