2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
Rnk 29 / 186

About

Iceland-Cayman Islands Trade: In 2021, Iceland exported $328k to Cayman Islands. The main products that Iceland exported to Cayman Islands were N/A. Over the past 5 years the exports of Iceland to Cayman Islands have increased at an annualized rate of 16.2%, from $155k in 2016 to $328k in 2021.

In 2021, 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 2021, Cayman Islands did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, Cayman Islands ranked 165 in total exports ($737M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Iceland exported $328k to Cayman Islands. There were not main exports from Iceland to Cayman Islands in 2021. During the last 5 years the exports of Iceland to Cayman Islands have increased at an annualized rate of 16.2%, from $155k in 2016 to $328k in 2021.

Cayman Islands does not register exports to Iceland.

Exports from Iceland (Flag) to Cayman Islands (Flag) (2021)

Exports from Cayman Islands (Flag) to Iceland (Flag) (2021)

Latest Data

Trade between Iceland (Flag) and Cayman Islands (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Cayman Islands
Top Destination
Malta$218M

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 2022, countries that imported more from Iceland than Cayman Islands included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2022, countries that imported more from Cayman Islands than Iceland included Malta ($218M), Seychelles ($121M), and Grenada ($62.6M).

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

Comparative Advantage Iceland - Cayman Islands

Flow
Scale

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

During 2021, Iceland had a large net trade with Cayman Islands in the exports of .

Economic Complexity

Competitive Landscape

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.

Product Space of Iceland (Flag) and Cayman Islands (Flag) (2021)

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