2022
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 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Cayman Islands-Finland Trade: In 2022, Cayman Islands exported $9.26k to Finland. The main products that Cayman Islands exported to Finland were X-Ray Equipment ($9.26k). Over the past 6 years the exports of Cayman Islands to Finland have increased at an annualized rate of 109%, from $111 in 2016 to $9.26k in 2022.

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

Finland-Cayman Islands Trade: In 2022, Finland exported $51.4k to Cayman Islands. The main products that Finland exported to Cayman Islands were Video Recording Equipment ($6.15k), Thermostats ($5.95k), and Steam Boilers ($5.49k). Over the past 6 years the exports of Finland to Cayman Islands have increased at an annualized rate of 6.73%,  from $37.1k in 2016 to $51.4k in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $9.26k to Finland. The main products exported from Cayman Islands to Finland were X-Ray Equipment ($9.26k). During the last 6 years the exports of Cayman Islands to Finland have increased at an annualized rate of 109%, from $111 in 2016 to $9.26k in 2022.

In 2017, Finland exported $51.4k to Cayman Islands. The main products exported from Finland to Cayman Islands were Video Recording Equipment ($6.15k), Thermostats ($5.95k), and Steam Boilers ($5.49k). During the last 5 years the exports of Finland to Cayman Islands have increased at an annualized rate of 6.73%, from $37.1k in 2022 to $51.4k in 2017.

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

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

Latest Data

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

Finland Exports

Market Competitiveness

Color
Cayman Islands
Top Destination
Malta$218M
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Cayman Islands than Finland included Malta ($218M), Seychelles ($121M), and Grenada ($62.6M).

In 2022, countries that imported more from Finland than Cayman Islands included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

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

Comparative Advantage Cayman Islands - Finland

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with Finland in the exports of Instruments ($9.26k).

During 2017, Finland had a large net trade with Cayman Islands in the exports of Machines ($30.7k), Instruments ($11.2k), and Transportation ($4.5k).

Economic Complexity

Competitive Landscape

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

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

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