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2021
Flag → Flag
Exports $233Rnk 30 / 0
2021
Flag → Flag
Exports $97kRnk 104 / 148
2021
Flag → Flag
Top Product $68.5kHard Liquor
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Cayman Islands-Nicaragua Trade: In 2021, Cayman Islands exported $233 to Nicaragua. The main products that Cayman Islands exported to Nicaragua were N/A. Over the past 5 years the exports of Cayman Islands to Nicaragua have decreased at an annualized rate of 58.8%, from $19.5k in 2016 to $233 in 2021.

In 2021, Cayman Islands did not export any services to Nicaragua.

Nicaragua-Cayman Islands Trade: In 2021, Nicaragua exported $97k to Cayman Islands. The main products that Nicaragua exported to Cayman Islands were Hard Liquor ($68.5k), Rolled Tobacco ($26k), and Non-fillet Frozen Fish ($1.75k). Over the past 5 years the exports of Nicaragua to Cayman Islands have increased at an annualized rate of 7.47%,  from $67.7k in 2016 to $97k in 2021.

In 2021, Nicaragua 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, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Cayman Islands exported $233 to Nicaragua. There were not main exports from Cayman Islands to Nicaragua in 2021. During the last 5 years the exports of Cayman Islands to Nicaragua have decreased at an annualized rate of 58.8%, from $19.5k in 2016 to $233 in 2021.

In 2017, Nicaragua exported $97k to Cayman Islands. The main products exported from Nicaragua to Cayman Islands were Hard Liquor ($68.5k), Rolled Tobacco ($26k), and Non-fillet Frozen Fish ($1.75k). During the last 5 years the exports of Nicaragua to Cayman Islands have increased at an annualized rate of 7.47%, from $67.7k in 2022 to $97k in 2017.

Exports from Cayman Islands (Flag) to Nicaragua (Flag) (2022)

Exports from Nicaragua (Flag) to Cayman Islands (Flag) (2022)

Latest Data

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

Nicaragua Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationMalta$218M
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Cayman Islands than Nicaragua included Malta ($218M), Norway ($163M), and Seychelles ($121M).

In 2022, countries that imported more from Nicaragua than Cayman Islands included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

Difference in imports from Nicaragua (Flag) and Cayman Islands (Flag) (2022)

Comparative Advantage Cayman Islands - Nicaragua

Flow
Scale

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

During 2021, Cayman Islands had a large net trade with Nicaragua in the exports of .

During 2017, Nicaragua had a large net trade with Cayman Islands in the exports of Foodstuffs ($94.5k), Animal Products ($2.35k), and Stone And Glass ($95).

Economic Complexity

Competitive Landscape

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

Product Space of Cayman Islands (Flag) and Nicaragua (Flag) (2022)

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