2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Germany-Cayman Islands Trade: In 2022, Germany exported $135M to Cayman Islands. The main products that Germany exported to Cayman Islands were Recreational Boats ($120M), Cars ($3.23M), and Engine Parts ($1.74M). Over the past 5 years the exports of Germany to Cayman Islands have decreased at an annualized rate of 28.4%, from $720M in 2017 to $135M in 2022.

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

Cayman Islands-Germany Trade: In 2022, Cayman Islands exported $818k to Germany. The main products that Cayman Islands exported to Germany were Wine ($293k), Diamonds ($159k), and Paintings ($159k). Over the past 5 years the exports of Cayman Islands to Germany have decreased at an annualized rate of 7.29%,  from $1.19M in 2017 to $818k in 2022.

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

Comparison In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78),  and 3 in total exports ($1.6T). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $135M to Cayman Islands. The main products exported from Germany to Cayman Islands were Recreational Boats ($120M), Cars ($3.23M), and Engine Parts ($1.74M). During the last 5 years the exports of Germany to Cayman Islands have decreased at an annualized rate of 28.4%, from $720M in 2017 to $135M in 2022.

In 2017, Cayman Islands exported $818k to Germany. The main products exported from Cayman Islands to Germany were Wine ($293k), Diamonds ($159k), and Paintings ($159k). During the last 5 years the exports of Cayman Islands to Germany have decreased at an annualized rate of 7.29%, from $1.19M in 2022 to $818k in 2017.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Cayman Islands
Top Destination
Malta$218M

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

In 2022, countries that imported more from Germany than Cayman Islands included United States ($153B), France ($120B), and China ($109B).

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

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

Comparative Advantage Germany - Cayman Islands

Flow
Scale

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

During 2022, Germany had a large net trade with Cayman Islands in the exports of Transportation ($124M), Machines ($5.05M), and Plastics and Rubbers ($1.44M).

During 2017, Cayman Islands had a large net trade with Germany in the exports of Foodstuffs ($321k), Precious Metals ($162k), and Arts and Antiques ($159k).

Economic Complexity

Competitive Landscape

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

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

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