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2022
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Exports $5.85MRnk 181 / 217
2022
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Top Product $1.51MPackaged Medicaments
2022
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Exports $924Rnk 74 / 92
2022
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Top Product $882Electrical Power Accessories
2022
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Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
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GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

India-Cayman Islands In 2022, India exported $5.85M to Cayman Islands. The main products that India exported to Cayman Islands are Packaged Medicaments ($1.51M), Medical Instruments ($1.26M), and Toilet Paper ($398k). During the last 27 years the exports of India to Cayman Islands have increased at an annualized rate of 15.5%, from $120k in 1995 to $5.85M in 2022.

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

Cayman Islands-India In 2022, Cayman Islands exported $924 to India. The main products that Cayman Islands exported to India were Electrical Power Accessories ($882) and Integrated Circuits ($42). During the last 27 years the exports of Cayman Islands to India have decreased at an annualized rate of 11.6%, from $25.5k in 1995 to $924 in 2022.

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

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, India exported $656k and imported $104 from Cayman Islands, resulting in a positive trade balance of $656k. Between February 2023 and February 2024 the exports of India have increased by $190k (40.8%) from $466k to $656k, while imports increased by $64 (160%) from $40 to $104.

Trade In February 2024, the top exports of India to Cayman Islands were Drug Formulations, Biologicals ($75.5k), Medical And Scientific Instrum ($35.5k), Surgicals ($32.3k), Rice -Basmoti ($24.2k), and Electronics Instruments ($20.1k). In February 2024 the top imports of India from Cayman Islands were .

Growth In February 2024, the increase in India's year-by-year exports to Cayman Islands was explained primarily by an increase in product exports in Electronics Instruments ($14.9k or 288%), Rmg Cotton Incl Accessories ($10.1k or 1.83k%), and Books, Publications And Prntng ($54 or 40.9%). In November 2023, the increase in India's year-by-year imports  from Cayman Islands was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)$190k(40.8%)
IMPORT GROWTH (November 2022 - November 2023)$64(160%)

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

To check Cayman Islands and India 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, India exported $5.85M to Cayman Islands. The main products exported from India to Cayman Islands were Packaged Medicaments ($1.51M), Medical Instruments ($1.26M), and Toilet Paper ($398k). During the last 27 years the exports of India to Cayman Islands have increased at an annualized rate of 15.5%, from $120k in 1995 to $5.85M in 2022.

In 2022, Cayman Islands exported $924 to India. The main products exported from Cayman Islands to India were Electrical Power Accessories ($882) and Integrated Circuits ($42). During the last 24 years the exports of Cayman Islands to India have decreased at an annualized rate of 11.6%, from $25.5k in 1998 to $924 in 2022.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Cayman Islands
Top DestinationMalta$218M

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

In 2021, countries that imported more from India than Cayman Islands were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Cayman Islands than India were Grenada ($62.6M) and Seychelles ($121M).

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

Comparative Advantage India - Cayman Islands

Flow
Scale

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

During 2022, India had a large net trade with Cayman Islands in the exports of Chemical Products ($2.35M), Instruments ($1.54M), and Textiles ($492k).

During 2022, Cayman Islands had a large net trade with India in the exports of Machines ($924).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more India has comparative advantage over Cayman Islands. Similarly, the more yellow a dot/product is, the more Cayman Islands has comparative advantage over India.

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

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