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2023
Flag → Flag
Exports $40.1MRnk 5 / 78
2023
Flag → Flag
Top Product $39.1MRecreational Boats
2023
Flag → Flag
Exports $670MRnk 77 / 219
2023
Flag → Flag
Top Product $646MRecreational Boats
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Cayman Islands-Italy Trade: In 2023, Cayman Islands exported $40.1M to Italy. The main products that Cayman Islands exported to Italy were Recreational Boats ($39.1M), Machinery Having Individual Functions ($176k), and Other Floating Structures ($140k). Over the past 5 years the exports of Cayman Islands to Italy have increased at an annualized rate of 29.6%, from $11M in 2018 to $40.1M in 2023.

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

Italy-Cayman Islands Trade: In 2023, Italy exported $670M to Cayman Islands. The main products that Italy exported to Cayman Islands were Recreational Boats ($646M), Passenger and Cargo Ships ($3.4M), and Electrical Transformers ($2.73M). Over the past 5 years the exports of Italy to Cayman Islands have increased at an annualized rate of 20.7%,  from $262M in 2018 to $670M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $40.1M to Italy. The main products exported from Cayman Islands to Italy were Recreational Boats ($39.1M), Machinery Having Individual Functions ($176k), and Other Floating Structures ($140k). During the last 5 years the exports of Cayman Islands to Italy have increased at an annualized rate of 29.6%, from $11M in 2018 to $40.1M in 2023.

In 2018, Italy exported $670M to Cayman Islands. The main products exported from Italy to Cayman Islands were Recreational Boats ($646M), Passenger and Cargo Ships ($3.4M), and Electrical Transformers ($2.73M). During the last 5 years the exports of Italy to Cayman Islands have increased at an annualized rate of 20.7%, from $262M in 2023 to $670M in 2018.

Exports from Cayman Islands (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Cayman Islands (Flag) (2023)

Latest Data

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

Italy Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationUnited Kingdom$326M
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Cayman Islands than Italy included Grenada ($67.2M), Belize ($9.88M), and Barbados ($15.4M).

In 2023, countries that imported more from Italy than Cayman Islands included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

Difference in imports from Italy (Flag) and Cayman Islands (Flag) (2023)

Comparative Advantage Cayman Islands - Italy

Flow
Scale

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

During 2023, Cayman Islands had a large net trade with Italy in the exports of Transportation ($39.3M), Machines ($424k), and Metals ($143k).

During 2018, Italy had a large net trade with Cayman Islands in the exports of Transportation ($650M), Machines ($4.82M), and Foodstuffs ($4.49M).

Economic Complexity

Competitive Landscape

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

Product Space of Cayman Islands (Flag) and Italy (Flag) (2023)

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