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2022
Flag → Flag
Exports $135MRnk 125 / 223
2022
Flag → Flag
Top Product $120MRecreational Boats
2022
Flag → Flag
Exports $818kRnk 25 / 92
2022
Flag → Flag
Top Product $293kWine
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%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.

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €1.05M and imported €176k from Cayman Islands, resulting in a positive trade balance of €876k. Between August 2023 and August 2024 the exports of Germany have decreased by €-140M (-99.3%) from €141M to €1.05M, while imports increased by €46k (35.4%) from €130k to €176k.

Trade In August 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 August 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 August 2024 the exports of Germany were mainly from North Rhine-Westphalia (€301k), Baden-Württemberg (€280k), Bavaria (€76k), Schleswig-Holstein (€51k), and Saxony (€30k), while imports destinations were mainly Baden-Württemberg (€163k), Bavaria (€9k), and North Rhine-Westphalia (€4k).

Growth In August 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 August 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 (August 2023 - August 2024)€-140M(-99.3%)
IMPORT GROWTH (August 2023 - August 2024)€46k(35.4%)
MAIN EXPORTER (August 2024)North Rhine-Westphalia€301k

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 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 DestinationUnited States$153B
Cayman Islands
Top DestinationMalta$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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