2022
Flag  
GDP
$522BCURRENT US$
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2012-2022
Flag
GDP GROWTH
99%CURRENT US$
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2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
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About

Israel-Cayman Islands Trade: In 2022, Israel exported $158k to Cayman Islands. The main products that Israel exported to Cayman Islands were Medical Furniture ($60k), Other Heating Machinery ($42k), and Medical Instruments ($14k). Over the past 7 years the exports of Israel to Cayman Islands have decreased at an annualized rate of 8.75%, from $300k in 2015 to $158k in 2022.

In 2012, Israel exported services to Cayman Islands worth $140M, with Computer and information services ($111M) and Royalties and license fees ($29.3M) being the largest in terms of value.

Cayman Islands-Israel Trade: In 2022, Cayman Islands exported $2.04M to Israel. The main products that Cayman Islands exported to Israel were Knit T-shirts ($1.05M), Non-Knit Men's Suits ($674k), and Knit Women's Suits ($94k). Over the past 7 years the exports of Cayman Islands to Israel have increased at an annualized rate of 190%,  from $10k in 2015 to $2.04M in 2022.

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

Comparison In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23),  and 49 in total exports ($76.9B). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Israel exported $158k to Cayman Islands. The main products exported from Israel to Cayman Islands were Medical Furniture ($60k), Other Heating Machinery ($42k), and Medical Instruments ($14k). During the last 7 years the exports of Israel to Cayman Islands have decreased at an annualized rate of 8.75%, from $300k in 2015 to $158k in 2022.

In 2017, Cayman Islands exported $2.04M to Israel. The main products exported from Cayman Islands to Israel were Knit T-shirts ($1.05M), Non-Knit Men's Suits ($674k), and Knit Women's Suits ($94k). During the last 5 years the exports of Cayman Islands to Israel have increased at an annualized rate of 190%, from $10k in 2022 to $2.04M in 2017.

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

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

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Cayman Islands
Top Destination
Malta$218M

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

In 2022, countries that imported more from Israel than Cayman Islands included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

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

Comparative Advantage Israel - Cayman Islands

Flow
Scale

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

During 2022, Israel had a large net trade with Cayman Islands in the exports of Machines ($61k), Miscellaneous ($61k), and Instruments ($28k).

During 2017, Cayman Islands had a large net trade with Israel in the exports of Textiles ($1.97M), Machines ($52k), and Footwear and Headwear ($8k).

Economic Complexity

Competitive Landscape

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

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

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