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2023
Flag → Flag
Exports $3.86kRnk 54 / 78
2023
Flag → Flag
Top Product $3.86kRubberworking Machinery
2023
Flag → Flag
Exports $1.32MRnk 150 / 205
2023
Flag → Flag
Top Product $269kOther Rubber Products
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 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$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Cayman Islands-Norway Trade: In 2023, Cayman Islands exported $3.86k to Norway. The main products that Cayman Islands exported to Norway were Rubberworking Machinery ($3.86k). Over the past 5 years the exports of Cayman Islands to Norway have decreased at an annualized rate of 34%, from $30.7k in 2018 to $3.86k in 2023.

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

Norway-Cayman Islands Trade: In 2023, Norway exported $1.32M to Cayman Islands. The main products that Norway exported to Cayman Islands were Other Rubber Products ($269k), Recreational Boats ($268k), and Air Pumps ($208k). Over the past 5 years the exports of Norway to Cayman Islands have decreased at an annualized rate of 25.1%,  from $5.58M in 2018 to $1.32M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $3.86k to Norway. The main products exported from Cayman Islands to Norway were Rubberworking Machinery ($3.86k). During the last 5 years the exports of Cayman Islands to Norway have decreased at an annualized rate of 34%, from $30.7k in 2018 to $3.86k in 2023.

In 2018, Norway exported $1.32M to Cayman Islands. The main products exported from Norway to Cayman Islands were Other Rubber Products ($269k), Recreational Boats ($268k), and Air Pumps ($208k). During the last 5 years the exports of Norway to Cayman Islands have decreased at an annualized rate of 25.1%, from $5.58M in 2023 to $1.32M in 2018.

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

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

Latest Data

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

Norway Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationUnited Kingdom$326M
Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Cayman Islands than Norway included Cyprus ($172M), Grenada ($67.2M), and Malta ($38.9M).

In 2023, countries that imported more from Norway than Cayman Islands included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Cayman Islands - Norway

Flow
Scale

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

During 2023, Cayman Islands had a large net trade with Norway in the exports of Machines ($3.86k).

During 2018, Norway had a large net trade with Cayman Islands in the exports of Machines ($652k), Transportation ($279k), and Plastics and Rubbers ($277k).

Economic Complexity

Competitive Landscape

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

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

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