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2022
Flag → Flag
Exports $6.57kRnk 62 / 92
2022
Flag → Flag
Top Product $6.44kOther Nickel Products
2022
Flag → Flag
Exports $150MRnk 117 / 219
2022
Flag → Flag
Top Product $89.9MRecreational Boats
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Cayman Islands-Turkey Trade: In 2022, Cayman Islands exported $6.57k to Turkey. The main products that Cayman Islands exported to Turkey were Other Nickel Products ($6.44k), Microphones and Headphones ($110), and House Linens ($9). Over the past 5 years the exports of Cayman Islands to Turkey have decreased at an annualized rate of 58.8%, from $553k in 2017 to $6.57k in 2022.

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

Turkey-Cayman Islands Trade: In 2022, Turkey exported $150M to Cayman Islands. The main products that Turkey exported to Cayman Islands were Recreational Boats ($89.9M), Planes, Helicopters, and/or Spacecraft ($40M), and Refined Petroleum ($15.7M). Over the past 5 years the exports of Turkey to Cayman Islands have increased at an annualized rate of 48.1%,  from $21M in 2017 to $150M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $6.57k to Turkey. The main products exported from Cayman Islands to Turkey were Other Nickel Products ($6.44k), Microphones and Headphones ($110), and House Linens ($9). During the last 5 years the exports of Cayman Islands to Turkey have decreased at an annualized rate of 58.8%, from $553k in 2017 to $6.57k in 2022.

In 2017, Turkey exported $150M to Cayman Islands. The main products exported from Turkey to Cayman Islands were Recreational Boats ($89.9M), Planes, Helicopters, and/or Spacecraft ($40M), and Refined Petroleum ($15.7M). During the last 5 years the exports of Turkey to Cayman Islands have increased at an annualized rate of 48.1%, from $21M in 2022 to $150M in 2017.

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

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

Latest Data

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

Turkey Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationMalta$218M
Turkey
Top DestinationGermany$21.9B

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

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

In 2022, countries that imported more from Turkey than Cayman Islands included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Cayman Islands - Turkey

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with Turkey in the exports of Metals ($6.44k), Machines ($110), and Textiles ($14).

During 2017, Turkey had a large net trade with Cayman Islands in the exports of Transportation ($130M), Mineral Products ($15.7M), and Chemical Products ($1.33M).

Economic Complexity

Competitive Landscape

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

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

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