2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 195
2023
Flag
 GDP
$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH
62%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC
$97,750CURRENT US$
Rnk 6 / 196
2013-2023
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 78 / 195

About

Ireland-Cayman Islands Trade: In 2023, Ireland exported $1.28M to Cayman Islands. The main products that Ireland exported to Cayman Islands were Butter ($328k), Jewellery ($264k), and Iron Structures ($202k). Over the past 5 years the exports of Ireland to Cayman Islands have increased at an annualized rate of 20.7%, from $503k in 2018 to $1.28M in 2023.

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

Cayman Islands-Ireland Trade: In 2023, Cayman Islands exported $179k to Ireland. The main products that Cayman Islands exported to Ireland were Wood Barrels ($113k), Gas Turbines ($34.4k), and Cobalt ($12.8k). Over the past 5 years the exports of Cayman Islands to Ireland have decreased at an annualized rate of 32%,  from $1.23M in 2018 to $179k in 2023.

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

Comparison In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31),  and 29 in total exports ($241B). That same year, Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $1.28M to Cayman Islands. The main products exported from Ireland to Cayman Islands were Butter ($328k), Jewellery ($264k), and Iron Structures ($202k). During the last 5 years the exports of Ireland to Cayman Islands have increased at an annualized rate of 20.7%, from $503k in 2018 to $1.28M in 2023.

In 2018, Cayman Islands exported $179k to Ireland. The main products exported from Cayman Islands to Ireland were Wood Barrels ($113k), Gas Turbines ($34.4k), and Cobalt ($12.8k). During the last 5 years the exports of Cayman Islands to Ireland have decreased at an annualized rate of 32%, from $1.23M in 2023 to $179k in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Cayman Islands
Top Destination
United Kingdom$326M

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

In 2023, countries that imported more from Ireland than Cayman Islands included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Cayman Islands than Ireland included Cyprus ($172M), Grenada ($67.2M), and Barbados ($15.4M).

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

Comparative Advantage Ireland - Cayman Islands

Flow
Scale

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

During 2023, Ireland had a large net trade with Cayman Islands in the exports of Animal Products ($396k), Precious Metals ($264k), and Instruments ($214k).

During 2018, Cayman Islands had a large net trade with Ireland in the exports of Wood Products ($113k), Machines ($35k), and Metals ($26.9k).

Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Cayman Islands (Flag) (2023)

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