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Pricing

2023
Flag → Flag
Exports $42.5MRnk 135 / 223
2023
Flag → Flag
Top Product $14.4MPackaged Medicaments
2023
Flag → Flag
Exports $326MRnk 1 / 78
2023
Flag → Flag
Top Product $324MPlanes, Helicopters, and/or Spacecraft
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$97,750CURRENT US$
Rnk 6 / 196
2013-2023
Flag
GDP PC GROWTH30.1%CURRENT US$
Rnk 78 / 195

About

United Kingdom-Cayman Islands Trade: In 2023, United Kingdom exported $42.5M to Cayman Islands. The main products that United Kingdom exported to Cayman Islands were Packaged Medicaments ($14.4M), Recreational Boats ($5.63M), and Cars ($3.91M). Over the past 5 years the exports of United Kingdom to Cayman Islands have increased at an annualized rate of 15%, from $21.2M in 2018 to $42.5M in 2023.

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

Cayman Islands-United Kingdom Trade: In 2023, Cayman Islands exported $326M to United Kingdom. The main products that Cayman Islands exported to United Kingdom were Planes, Helicopters, and/or Spacecraft ($324M), Recreational Boats ($706k), and Aircraft parts (gliders, balloons, and powered aircraft) ($188k). Over the past 5 years the exports of Cayman Islands to United Kingdom have increased at an annualized rate of 229%,  from $845k in 2018 to $326M in 2023.

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

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). 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, United Kingdom exported £3.58M and imported £177k from Cayman Islands, resulting in a positive trade balance of £3.41M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £1.43M (66.3%) from £2.16M to £3.58M, while imports decreased by £-132M (-99.9%) from £132M to £177k.

Trade In November 2024, the top exports of United Kingdom to Cayman Islands were Packaged Medicaments (£3.97M), Cars (£378k), Brochures (£101k), Large Construction Vehicles (£90.8k), and Other toys (£86.7k). In November 2024 the top imports of United Kingdom from Cayman Islands were Pepper (£114k), Commodities not elsewhere specified (£35.1k), Spices (£27.5k), Hard Liquor (£7.23k), and Electric Musical Instruments (£5.24k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£2.39M), London Heathrow Airport (£600k), Manchester Airport (£315k), East Midlands Airport (£135k), and London Stansted Airport (£58.5k), while imports destinations were mainly Portsmouth (£81.7k), Dover (£54.6k), and London Stansted Airport (£3.93k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Cayman Islands was explained primarily by an increase in product exports in Packaged Medicaments (£3.52M or 781%), Cars (£159k or 72.7%), and Brochures (£88.3k or 702%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Cayman Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£1.43M(66.3%)
IMPORT GROWTH (November 2023 - November 2024)£-132M(-99.9%)
MAIN EXPORTER (November 2024)London Gateway£2.39M

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

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

For full datasets download visit Bulk Download page.

Explore Cayman Islands and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $42.5M to Cayman Islands. The main products exported from United Kingdom to Cayman Islands were Packaged Medicaments ($14.4M), Recreational Boats ($5.63M), and Cars ($3.91M). During the last 5 years the exports of United Kingdom to Cayman Islands have increased at an annualized rate of 15%, from $21.2M in 2018 to $42.5M in 2023.

In 2018, Cayman Islands exported $326M to United Kingdom. The main products exported from Cayman Islands to United Kingdom were Planes, Helicopters, and/or Spacecraft ($324M), Recreational Boats ($706k), and Aircraft parts (gliders, balloons, and powered aircraft) ($188k). During the last 5 years the exports of Cayman Islands to United Kingdom have increased at an annualized rate of 229%, from $845k in 2023 to $326M in 2018.

Exports from United Kingdom (Flag) to Cayman Islands (Flag) (2023)

Exports from Cayman Islands (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Cayman Islands
Top DestinationUnited Kingdom$326M

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

In 2023, countries that imported more from United Kingdom than Cayman Islands included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Cayman Islands (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Cayman Islands

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Cayman Islands in the exports of Chemical Products ($15.7M), Transportation ($10.8M), and Foodstuffs ($5M).

During 2018, Cayman Islands had a large net trade with United Kingdom in the exports of Transportation ($325M), Foodstuffs ($159k), and Machines ($116k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Cayman Islands. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom (Flag) and Cayman Islands (Flag) (2023)

Keep Exploring

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