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2022
Flag → Flag
Exports $18.9kRnk 51 / 92
2022
Flag → Flag
Top Product $17.3kOther Inorganic Acids
2022
Flag → Flag
Exports $43.3kRnk 146 / 170
2022
Flag → Flag
Top Product $8.7kOther Cloth Articles
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Cayman Islands-Ecuador Trade: In 2022, Cayman Islands exported $18.9k to Ecuador. The main products that Cayman Islands exported to Ecuador were Other Inorganic Acids ($17.3k), Knit Men's Undergarments ($1.57k), and Knit Sweaters ($28). Over the past 5 years the exports of Cayman Islands to Ecuador have increased at an annualized rate of 25.4%, from $6.11k in 2017 to $18.9k in 2022.

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

Ecuador-Cayman Islands Trade: In 2022, Ecuador exported $43.3k to Cayman Islands. The main products that Ecuador exported to Cayman Islands were Other Cloth Articles ($8.7k), Knitted Hats ($6.14k), and Trunks and Cases ($4.76k). Over the past 5 years the exports of Ecuador to Cayman Islands have decreased at an annualized rate of 14.8%,  from $96.3k in 2017 to $43.3k in 2022.

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

Comparison In 2022,  Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index. That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $18.9k to Ecuador. The main products exported from Cayman Islands to Ecuador were Other Inorganic Acids ($17.3k), Knit Men's Undergarments ($1.57k), and Knit Sweaters ($28). During the last 5 years the exports of Cayman Islands to Ecuador have increased at an annualized rate of 25.4%, from $6.11k in 2017 to $18.9k in 2022.

In 2017, Ecuador exported $43.3k to Cayman Islands. The main products exported from Ecuador to Cayman Islands were Other Cloth Articles ($8.7k), Knitted Hats ($6.14k), and Trunks and Cases ($4.76k). During the last 5 years the exports of Ecuador to Cayman Islands have decreased at an annualized rate of 14.8%, from $96.3k in 2022 to $43.3k in 2017.

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

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

Latest Data

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

Ecuador Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationMalta$218M
Ecuador
Top DestinationUnited States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Cayman Islands included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

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

Comparative Advantage Cayman Islands - Ecuador

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with Ecuador in the exports of Chemical Products ($17.3k) and Textiles ($1.59k).

During 2017, Ecuador had a large net trade with Cayman Islands in the exports of Textiles ($19.1k), Footwear and Headwear ($8.78k), and Stone And Glass ($5.53k).

Economic Complexity

Competitive Landscape

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

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

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