Iceland (ISL) and Cayman Islands (CYM) Trade | The Observatory of Economic Complexity

About

Iceland-Cayman Islands Trade: In 2023, Iceland exported $25 to Cayman Islands. The main products that Iceland exported to Cayman Islands were Chocolate ($25). Over the past 6 years the exports of Iceland to Cayman Islands have decreased at an annualized rate of 66.7%, from $18.3k in 2017 to $25 in 2023.

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

Cayman Islands-Iceland In N/A, Cayman Islands did not export any products to Iceland.

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

Comparison In 2023, Iceland ranked 115 in total exports ($7.31B). That same year, Cayman Islands ranked 165 in total exports ($818M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iceland exported $25 to Cayman Islands. The main products exported from Iceland to Cayman Islands were Chocolate ($25). During the last 6 years the exports of Iceland to Cayman Islands have decreased at an annualized rate of 66.7%, from $18.3k in 2017 to $25 in 2023.

Cayman Islands does not register exports to Iceland.

Exports from Iceland () to Cayman Islands () (2023)

Exports from Cayman Islands () to Iceland () (2023)

Latest Data

Trade between Iceland () and Cayman Islands ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Cayman Islands
Top DestinationUnited Kingdom$326M

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

In 2023, countries that imported more from Iceland than Cayman Islands included Netherlands ($1.97B), United States ($735M), and Germany ($771M).

In 2023, countries that imported more from Cayman Islands than Iceland included Cyprus ($172M), Grenada ($67.2M), and Malta ($38.9M).

Difference in imports from Cayman Islands () and Iceland () (2023)

Comparative Advantage Iceland - Cayman Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iceland had a large net trade with Cayman Islands in the exports of Foodstuffs ($25).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Cayman Islands () (2023)

Exports from Cayman Islands () to Iceland () (2023)

Latest Data

Trade between Iceland () and Cayman Islands ()

Iceland Exports

Market Competitiveness

Difference in imports from Cayman Islands () and Iceland () (2023)

Comparative Advantage Iceland - Cayman Islands

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Cayman Islands () (2023)

Keep Exploring