2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Cayman Islands-South Korea Trade: In 2022, Cayman Islands exported $4.48M 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 142%, from $54k in 2017 to $4.48M 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 Cars ($7.91M), Delivery Trucks ($259k), and Electric Batteries ($61.4k). Over the past 5 years the exports of South Korea to Cayman Islands have decreased at an annualized rate of 57.7%,  from $624M in 2017 to $8.4M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $4.48M 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 142%, from $54k in 2017 to $4.48M in 2022.

In 2017, South Korea exported $8.4M to Cayman Islands. The main products exported from South Korea to Cayman Islands were Cars ($7.91M), Delivery Trucks ($259k), and Electric Batteries ($61.4k). During the last 5 years the exports of South Korea to Cayman Islands have decreased at an annualized rate of 57.7%, 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
Malta$218M
South Korea
Top Destination
China$150B

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 2022, countries that imported more from Cayman Islands than South Korea included Seychelles ($121M), Grenada ($62.6M), and Belize ($18.9M).

In 2022, countries that imported more from South Korea than Cayman Islands included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Cayman Islands (Flag) (2022)

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 Transportation ($4.48M), Paper Goods ($41), and Machines ($40).

During 2017, South Korea had a large net trade with Cayman Islands in the exports of Transportation ($8.18M), Machines ($132k), and Chemical Products ($52.1k).

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)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with