2023
Flag  
GDP
$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH
62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$97,750CURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 78 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Cayman Islands-South Korea Trade: In 2022, Cayman Islands exported $5.3M to South Korea. The main products that Cayman Islands exported to South Korea were N/A. Over the past 5 years the exports of Cayman Islands to South Korea have increased at an annualized rate of 150%, from $54k in 2017 to $5.3M in 2022.

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

South Korea-Cayman Islands Trade: In 2022, South Korea exported $8.4M to Cayman Islands. The main products that South Korea exported to Cayman Islands were N/A. Over the past 5 years the exports of South Korea to Cayman Islands have decreased at an annualized rate of 26.5%,  from $624M in 2017 to $8.4M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $5.3M to South Korea. There were not main exports from Cayman Islands to South Korea in 2022. During the last 5 years the exports of Cayman Islands to South Korea have increased at an annualized rate of 150%, from $54k in 2017 to $5.3M in 2022.

In 2017, South Korea exported $8.4M to Cayman Islands. There were not main exports from South Korea to Cayman Islands in 2017. During the last 5 years the exports of South Korea to Cayman Islands have decreased at an annualized rate of 26.5%, from $624M in 2022 to $8.4M in 2017.

Exports from Cayman Islands (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Cayman Islands (Flag) (2022)

Latest Data

Trade between Cayman Islands (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Cayman Islands
Top Destination
United Kingdom$326M
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Cayman Islands than South Korea included Cyprus ($172M), Grenada ($67.2M), and Barbados ($15.4M).

In 2023, countries that imported more from South Korea than Cayman Islands included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Cayman Islands (Flag) (2023)

Comparative Advantage Cayman Islands - South Korea

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with South Korea in the exports of .

During 2017, South Korea had a large net trade with Cayman Islands in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Cayman Islands (Flag) and South Korea (Flag) (2022)

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