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2023
Flag → Flag
Exports $3.05kRnk 57 / 78
2023
Flag → Flag
Top Product $1.7kTextile Footwear
2023
Flag → Flag
Exports $166kRnk 96 / 149
2023
Flag → Flag
Top Product $118kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 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$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Cayman Islands-Nicaragua Trade: In 2023, Cayman Islands exported $3.05k to Nicaragua. The main products that Cayman Islands exported to Nicaragua were Textile Footwear ($1.7k), Knit Women's Undergarments ($1.19k), and Rubber Apparel ($157). Over the past 6 years the exports of Cayman Islands to Nicaragua have increased at an annualized rate of 97.7%, from $51 in 2017 to $3.05k in 2023.

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

Nicaragua-Cayman Islands Trade: In 2023, Nicaragua exported $166k to Cayman Islands. The main products that Nicaragua exported to Cayman Islands were Hard Liquor ($118k), Rolled Tobacco ($35.6k), and Raw Tobacco ($11.8k). Over the past 6 years the exports of Nicaragua to Cayman Islands have increased at an annualized rate of 4.92%,  from $130k in 2017 to $166k in 2023.

In 2023, Nicaragua 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, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $3.05k to Nicaragua. The main products exported from Cayman Islands to Nicaragua were Textile Footwear ($1.7k), Knit Women's Undergarments ($1.19k), and Rubber Apparel ($157). During the last 6 years the exports of Cayman Islands to Nicaragua have increased at an annualized rate of 97.7%, from $51 in 2017 to $3.05k in 2023.

In 2018, Nicaragua exported $166k to Cayman Islands. The main products exported from Nicaragua to Cayman Islands were Hard Liquor ($118k), Rolled Tobacco ($35.6k), and Raw Tobacco ($11.8k). During the last 5 years the exports of Nicaragua to Cayman Islands have increased at an annualized rate of 4.92%, from $130k in 2023 to $166k in 2018.

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

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

Latest Data

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

Nicaragua Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationUnited Kingdom$326M
Nicaragua
Top DestinationUnited States$4.38B

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 2023, countries that imported more from Cayman Islands than Nicaragua included United Kingdom ($326M), Cyprus ($172M), and Grenada ($67.2M).

In 2023, countries that imported more from Nicaragua than Cayman Islands included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

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

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 2023, Cayman Islands had a large net trade with Nicaragua in the exports of Footwear and Headwear ($1.7k), Textiles ($1.19k), and Plastics and Rubbers ($157).

During 2018, Nicaragua had a large net trade with Cayman Islands in the exports of Foodstuffs ($166k) and Miscellaneous ($10).

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) (2023)

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