2023
Flag  
GDP
$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH
62%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC 
$97,750CURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 78 / 195

About

Cayman Islands-Cuba Trade: In 2017, Cayman Islands exported $3.05k to Cuba. The main products that Cayman Islands exported to Cuba were N/A. Over the past 15 years the exports of Cayman Islands to Cuba have decreased at an annualized rate of 5.32%, from $6.93k in 2002 to $3.05k in 2017.

In 2017, Cayman Islands did not export any services to Cuba.

Cuba-Cayman Islands Trade: In 2017, Cuba exported $944k to Cayman Islands. The main products that Cuba exported to Cayman Islands were N/A. Over the past 15 years the exports of Cuba to Cayman Islands have increased at an annualized rate of 40.7%,  from $171k in 2002 to $944k in 2017.

In 2017, Cuba did not export any services to Cayman Islands.

Comparison In 2023,  Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index. That same year, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2017, Cayman Islands exported $3.05k to Cuba. There were not main exports from Cayman Islands to Cuba in 2017. During the last 6 years the exports of Cayman Islands to Cuba have decreased at an annualized rate of 33.8%, from $17.7k in 2017 to $3.05k in 2017.

In 2017, Cuba exported $944k to Cayman Islands. There were not main exports from Cuba to Cayman Islands in 2017. During the last 5 years the exports of Cuba to Cayman Islands have increased at an annualized rate of 40.7%, from $171k in 2023 to $944k in 2017.

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

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

Market Competitiveness

Color
Cayman Islands
Top Destination
United Kingdom$326M
Cuba
Top Destination
China$358M

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

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

In 2023, countries that imported more from Cuba than Cayman Islands included China ($358M), Spain ($129M), and Switzerland ($48.2M).

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

Comparative Advantage Cayman Islands - Cuba

Flow
Scale

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

During 2017, Cayman Islands had a large net trade with Cuba in the exports of .

During 2017, Cuba had a large net trade with Cayman Islands in the exports of .

Economic Complexity

Competitive Landscape

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

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

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