Cayman Islands (CYM) and Denmark (DNK) Trade | The Observatory of Economic Complexity

Cayman Islands-Denmark Trade: In 2023, Cayman Islands exported $6.2k to Denmark. The main products that Cayman Islands exported to Denmark were Opto-Electric Instrument Parts ($2k), Computers ($1.39k), and Video Cameras ($505). Over the past 5 years the exports of Cayman Islands to Denmark have decreased at an annualized rate of 34.1%, from $50k in 2018 to $6.2k in 2023.

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

Denmark-Cayman Islands Trade: In 2023, Denmark exported $3.58M to Cayman Islands. The main products that Denmark exported to Cayman Islands were Awnings, Tents, and Sails ($1.57M), Electric Motor Parts ($1.18M), and Sports Equipment ($442k). Over the past 5 years the exports of Denmark to Cayman Islands have increased at an annualized rate of 66%, from $284k in 2018 to $3.58M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Latest Data

Trade between Cayman Islands () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cayman Islands
Top DestinationUnited Kingdom$326M

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Cayman Islands than Denmark included Cyprus ($172M), Grenada ($67.2M), and Barbados ($15.4M).

In 2023, countries that imported more from Denmark than Cayman Islands included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

Difference in imports from Denmark () and Cayman Islands () (2023)

Economic Complexity

Competitive Landscape

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

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