2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Cayman Islands-Canada Trade: In 2022, Cayman Islands exported $3.86M to Canada. The main products that Cayman Islands exported to Canada were Broadcasting Equipment ($2.9M), Electrical Ignitions ($753k), and Synthetic Rubber ($61.6k). Over the past 5 years the exports of Cayman Islands to Canada have increased at an annualized rate of 17.9%, from $1.7M in 2017 to $3.86M in 2022.

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

Canada-Cayman Islands Trade: In 2022, Canada exported $15M to Cayman Islands. The main products that Canada exported to Cayman Islands were Cars ($2.31M), Packaged Medicaments ($1.64M), and Other Furniture ($1.42M). Over the past 5 years the exports of Canada to Cayman Islands have decreased at an annualized rate of 1.82%,  from $18.3M in 2017 to $15M in 2022.

In 2020, Canada exported services to Cayman Islands worth $1.99B, with Financial services ($1.98B), Insurance services ($5.97M), and Computer and information services ($3.73M) being the largest in terms of value.

Comparison In 2022,  Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $3.86M to Canada. The main products exported from Cayman Islands to Canada were Broadcasting Equipment ($2.9M), Electrical Ignitions ($753k), and Synthetic Rubber ($61.6k). During the last 5 years the exports of Cayman Islands to Canada have increased at an annualized rate of 17.9%, from $1.7M in 2017 to $3.86M in 2022.

In 2017, Canada exported $15M to Cayman Islands. The main products exported from Canada to Cayman Islands were Cars ($2.31M), Packaged Medicaments ($1.64M), and Other Furniture ($1.42M). During the last 5 years the exports of Canada to Cayman Islands have decreased at an annualized rate of 1.82%, from $18.3M in 2022 to $15M in 2017.

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

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

Latest Data

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

Canada Exports

Market Competitiveness

Color
Cayman Islands
Top Destination
Malta$218M
Canada
Top Destination
United States$438B

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

In 2022, countries that imported more from Cayman Islands than Canada included Seychelles ($121M) and Grenada ($62.6M).

In 2022, countries that imported more from Canada than Cayman Islands included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Cayman Islands - Canada

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with Canada in the exports of Machines ($3.68M), Plastics and Rubbers ($87.1k), and Instruments ($34.5k).

During 2017, Canada had a large net trade with Cayman Islands in the exports of Chemical Products ($2.98M), Machines ($2.7M), and Transportation ($2.33M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Cayman Islands Canada+N/AN/A
Top Product Potential Canada Cayman Islands+N/AN/A

N/A

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Bilateral Service Trade

In 2020, Canada exported services to Cayman Islands worth $1.99B, with Financial services ($1.98B), Insurance services ($5.97M), and Computer and information services ($3.73M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Cayman Islands (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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