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Pricing

2023
Flag → Flag
Exports $992MRnk 73 / 220
2023
Flag → Flag
Top Product $974MRecreational Boats
2023
Flag → Flag
Exports $74.8MRnk 3 / 78
2023
Flag → Flag
Top Product $72.9MPlanes, Helicopters, and/or Spacecraft
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC$97,750CURRENT US$
Rnk 6 / 196
2013-2023
Flag
GDP PC GROWTH30.1%CURRENT US$
Rnk 78 / 195

About

Germany-Cayman Islands Trade: In 2023, Germany exported $992M to Cayman Islands. The main products that Germany exported to Cayman Islands were Recreational Boats ($974M), Cars ($3.75M), and Engine Parts ($2.43M). Over the past 5 years the exports of Germany to Cayman Islands have increased at an annualized rate of 5.28%, from $767M in 2018 to $992M in 2023.

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

Cayman Islands-Germany Trade: In 2023, Cayman Islands exported $74.8M to Germany. The main products that Cayman Islands exported to Germany were Planes, Helicopters, and/or Spacecraft ($72.9M), Beauty Products ($1.09M), and Paintings ($298k). Over the past 5 years the exports of Cayman Islands to Germany have increased at an annualized rate of 145%,  from $343k in 2018 to $74.8M in 2023.

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

Comparison In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79),  and 3 in total exports ($1.57T). That same year, Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €843k and imported €231k from Cayman Islands, resulting in a positive trade balance of €612k. Between November 2023 and November 2024 the exports of Germany have decreased by €-671k (-44.3%) from €1.51M to €843k, while imports increased by €26k (12.7%) from €205k to €231k.

Trade In November 2024, the top exports of Germany to Cayman Islands were Chassis, bodies, engines etc. for motor... (€154k), Motor cars and motor caravans (€151k), Jewellery, goldsmith's or silversmith's wares (€56k), Malt (€41k), and Pharmaceutical products (€36k). In November 2024 the top imports of Germany from Cayman Islands were Other end products (€149k), Measuring and automatical control instruments (€15k), Waste and scrap of iron or... (€2k), and Low value consignments Extra-EU trade (€0).

Origins In November 2024 the exports of Germany were mainly from North Rhine-Westphalia (€247k), Bavaria (€151k), Bremen (€100k), Baden-Württemberg (€79k), and Lower Saxony (€73k), while imports destinations were mainly Bavaria (€110k), Lower Saxony (€68k), Bremen (€47k), Rhineland-Pfalz (€3k), and Schleswig-Holstein (€3k).

Growth In November 2024, the decrease in Germany's year-by-year exports to Cayman Islands was explained primarily by an decrease in product exports in Pumps and compressors (€-273k or -89.2%), Bearings,gearings, gear wheels and drive elements (€-271k or -100%), and Articles of plastic (€-165k or -97.6%). In November 2024, the increase in Germany's year-by-year imports  from Cayman Islands was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-671k(-44.3%)
IMPORT GROWTH (November 2023 - November 2024)€26k(12.7%)
MAIN EXPORTER (November 2024)North Rhine-Westphalia€247k

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Cayman Islands and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $992M to Cayman Islands. The main products exported from Germany to Cayman Islands were Recreational Boats ($974M), Cars ($3.75M), and Engine Parts ($2.43M). During the last 5 years the exports of Germany to Cayman Islands have increased at an annualized rate of 5.28%, from $767M in 2018 to $992M in 2023.

In 2018, Cayman Islands exported $74.8M to Germany. The main products exported from Cayman Islands to Germany were Planes, Helicopters, and/or Spacecraft ($72.9M), Beauty Products ($1.09M), and Paintings ($298k). During the last 5 years the exports of Cayman Islands to Germany have increased at an annualized rate of 145%, from $343k in 2023 to $74.8M in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Cayman Islands
Top DestinationUnited Kingdom$326M

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 2023, countries that imported more from Germany than Cayman Islands included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Cayman Islands than Germany included Grenada ($67.2M).

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

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 2023, Germany had a large net trade with Cayman Islands in the exports of Transportation ($978M), Machines ($6.38M), and Plastics and Rubbers ($1.32M).

During 2018, Cayman Islands had a large net trade with Germany in the exports of Transportation ($73M), Chemical Products ($1.28M), and Arts and Antiques ($298k).

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) (2023)

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