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2022
Flag → Flag
Exports $1.56MRnk 22 / 92
2022
Flag → Flag
Top Product $361kRecreational Boats
2022
Flag → Flag
Exports $40.4MRnk 131 / 224
2022
Flag → Flag
Top Product $9.91MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Cayman Islands-United Kingdom Trade: In 2022, Cayman Islands exported $1.56M to United Kingdom. The main products that Cayman Islands exported to United Kingdom were Recreational Boats ($361k), Gas Turbines ($297k), and Other Furniture ($220k). Over the past 5 years the exports of Cayman Islands to United Kingdom have decreased at an annualized rate of 44%, from $28.3M in 2017 to $1.56M in 2022.

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

United Kingdom-Cayman Islands Trade: In 2022, United Kingdom exported $40.4M to Cayman Islands. The main products that United Kingdom exported to Cayman Islands were Packaged Medicaments ($9.91M), Paintings ($5.69M), and Cars ($4.03M). Over the past 5 years the exports of United Kingdom to Cayman Islands have decreased at an annualized rate of 2.49%,  from $45.9M in 2017 to $40.4M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $1.56M to United Kingdom. The main products exported from Cayman Islands to United Kingdom were Recreational Boats ($361k), Gas Turbines ($297k), and Other Furniture ($220k). During the last 5 years the exports of Cayman Islands to United Kingdom have decreased at an annualized rate of 44%, from $28.3M in 2017 to $1.56M in 2022.

In 2017, United Kingdom exported $40.4M to Cayman Islands. The main products exported from United Kingdom to Cayman Islands were Packaged Medicaments ($9.91M), Paintings ($5.69M), and Cars ($4.03M). During the last 5 years the exports of United Kingdom to Cayman Islands have decreased at an annualized rate of 2.49%, from $45.9M in 2022 to $40.4M in 2017.

Exports from Cayman Islands (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Cayman Islands (Flag) (2022)

Latest Data

Trade between Cayman Islands (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationMalta$218M
United Kingdom
Top DestinationUnited States$61.8B

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

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

In 2022, countries that imported more from United Kingdom than Cayman Islands included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Cayman Islands (Flag) (2022)

Comparative Advantage Cayman Islands - United Kingdom

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with United Kingdom in the exports of Transportation ($381k), Machines ($362k), and Miscellaneous ($222k).

During 2017, United Kingdom had a large net trade with Cayman Islands in the exports of Chemical Products ($12.4M), Transportation ($7.4M), and Arts and Antiques ($5.85M).

Economic Complexity

Competitive Landscape

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

Product Space of Cayman Islands (Flag) and United Kingdom (Flag) (2022)

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