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Pricing

2023
Flag → Flag
Exports $326MRnk 1 / 78
2023
Flag → Flag
Top Product $324MPlanes, Helicopters, and/or Spacecraft
2023
Flag → Flag
Exports $42.5MRnk 135 / 223
2023
Flag → Flag
Top Product $14.4MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $97,750CURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP PC GROWTH30.1%CURRENT US$
Rnk 78 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Cayman Islands-United Kingdom Trade: In 2023, Cayman Islands exported $326M to United Kingdom. The main products that Cayman Islands exported to United Kingdom were Planes, Helicopters, and/or Spacecraft ($324M), Recreational Boats ($706k), and Aircraft parts (gliders, balloons, and powered aircraft) ($188k). Over the past 5 years the exports of Cayman Islands to United Kingdom have increased at an annualized rate of 229%, from $845k in 2018 to $326M in 2023.

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

United Kingdom-Cayman Islands Trade: In 2023, United Kingdom exported $42.5M to Cayman Islands. The main products that United Kingdom exported to Cayman Islands were Packaged Medicaments ($14.4M), Recreational Boats ($5.63M), and Cars ($3.91M). Over the past 5 years the exports of United Kingdom to Cayman Islands have increased at an annualized rate of 15%,  from $21.2M in 2018 to $42.5M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $326M to United Kingdom. The main products exported from Cayman Islands to United Kingdom were Planes, Helicopters, and/or Spacecraft ($324M), Recreational Boats ($706k), and Aircraft parts (gliders, balloons, and powered aircraft) ($188k). During the last 5 years the exports of Cayman Islands to United Kingdom have increased at an annualized rate of 229%, from $845k in 2018 to $326M in 2023.

In 2018, United Kingdom exported $42.5M to Cayman Islands. The main products exported from United Kingdom to Cayman Islands were Packaged Medicaments ($14.4M), Recreational Boats ($5.63M), and Cars ($3.91M). During the last 5 years the exports of United Kingdom to Cayman Islands have increased at an annualized rate of 15%, from $21.2M in 2023 to $42.5M in 2018.

Exports from Cayman Islands (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Cayman Islands (Flag) (2023)

Latest Data

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

United Kingdom Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationUnited Kingdom$326M
United Kingdom
Top DestinationUnited States$59.7B

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 2023, countries that imported more from Cayman Islands than United Kingdom included Grenada ($67.2M).

In 2023, countries that imported more from United Kingdom than Cayman Islands included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Cayman Islands (Flag) (2023)

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 2023, Cayman Islands had a large net trade with United Kingdom in the exports of Transportation ($325M), Foodstuffs ($159k), and Machines ($116k).

During 2018, United Kingdom had a large net trade with Cayman Islands in the exports of Chemical Products ($15.7M), Transportation ($10.8M), and Foodstuffs ($5M).

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) (2023)

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