2023
Flag  
GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 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 
$3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 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

Philippines-Cayman Islands Trade: In 2023, Philippines exported $70.6k to Cayman Islands. The main products that Philippines exported to Cayman Islands were Hard Liquor ($14.5k), Other Edible Preparations ($13.8k), and Baked Goods ($12k). Over the past 5 years the exports of Philippines to Cayman Islands have decreased at an annualized rate of 14.5%, from $155k in 2018 to $70.6k in 2023.

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

Cayman Islands-Philippines Trade: In 2023, Cayman Islands exported $1.64k to Philippines. The main products that Cayman Islands exported to Philippines were Broadcasting Equipment ($1.05k), Jewellery ($227), and Microphones and Headphones ($109). Over the past 5 years the exports of Cayman Islands to Philippines have decreased at an annualized rate of 13.9%,  from $8.52k in 2018 to $1.64k in 2023.

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

Comparison In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64),  and 42 in total exports ($101B). 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, Philippines exported $70.6k to Cayman Islands. The main products exported from Philippines to Cayman Islands were Hard Liquor ($14.5k), Other Edible Preparations ($13.8k), and Baked Goods ($12k). During the last 5 years the exports of Philippines to Cayman Islands have decreased at an annualized rate of 14.5%, from $155k in 2018 to $70.6k in 2023.

In 2018, Cayman Islands exported $1.64k to Philippines. The main products exported from Cayman Islands to Philippines were Broadcasting Equipment ($1.05k), Jewellery ($227), and Microphones and Headphones ($109). During the last 5 years the exports of Cayman Islands to Philippines have decreased at an annualized rate of 13.9%, from $8.52k in 2023 to $1.64k in 2018.

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

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

Market Competitiveness

Color
Philippines
Top Destination
China$19B
Cayman Islands
Top Destination
United Kingdom$326M

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

In 2023, countries that imported more from Philippines than Cayman Islands included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

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

Comparative Advantage Philippines - Cayman Islands

Flow
Scale

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

During 2023, Philippines had a large net trade with Cayman Islands in the exports of Foodstuffs ($67.3k), Textiles ($2.23k), and Machines ($1.09k).

During 2018, Cayman Islands had a large net trade with Philippines in the exports of Machines ($1.16k), Precious Metals ($227), and Footwear and Headwear ($169).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with