Cayman Islands (CYM) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

About

Cayman Islands-Venezuela Trade: In 2011, Cayman Islands exported $85.8k to Venezuela. The main products that Cayman Islands exported to Venezuela were N/A. Over the past 8 years the exports of Cayman Islands to Venezuela have decreased at an annualized rate of 38.2%, from $4.01M in 2003 to $85.8k in 2011.

In 2011, Cayman Islands did not export any services to Venezuela.

Venezuela-Cayman Islands In N/A, Venezuela did not export any products to Cayman Islands.

In 2011, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2011, Cayman Islands exported $85.8k to Venezuela. There were not main exports from Cayman Islands to Venezuela in 2011. During the last 8 years the exports of Cayman Islands to Venezuela have decreased at an annualized rate of 38.2%, from $4.01M in 2003 to $85.8k in 2011.

Venezuela does not register exports to Cayman Islands.

Exports from Cayman Islands () to Venezuela () (2021)

Exports from Venezuela () to Cayman Islands () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cayman Islands
Top DestinationMalta$218M

Venezuela
Top DestinationChina$703M

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

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

In 2022, countries that imported more from Venezuela than Cayman Islands included China ($703M), Turkey ($597M), and Spain ($518M).

Difference in imports from Venezuela () and Cayman Islands () (2022)

Comparative Advantage Cayman Islands - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2011, Cayman Islands had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Cayman Islands () to Venezuela () (2021)

Exports from Venezuela () to Cayman Islands () (2021)

Market Competitiveness

Difference in imports from Venezuela () and Cayman Islands () (2022)

Comparative Advantage Cayman Islands - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Cayman Islands () and Venezuela () (2021)

Keep Exploring