2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186

About

Philippines-Cayman Islands Trade: In 2022, Philippines exported $108k to Cayman Islands. The main products that Philippines exported to Cayman Islands were N/A. Over the past 5 years the exports of Philippines to Cayman Islands have decreased at an annualized rate of 6.17%, from $148k in 2017 to $108k in 2022.

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

Cayman Islands-Philippines Trade: In 2022, Cayman Islands exported $3.62k to Philippines. The main products that Cayman Islands exported to Philippines were Industrial Furnaces ($1.24k), Medical Instruments ($1.07k), and Computers ($768). Over the past 5 years the exports of Cayman Islands to Philippines have increased at an annualized rate of 0.95%,  from $3.45k in 2017 to $3.62k in 2022.

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

Comparison In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71),  and 40 in total exports ($110B). 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, Philippines exported $108k to Cayman Islands. There were not main exports from Philippines to Cayman Islands in 2022. During the last 5 years the exports of Philippines to Cayman Islands have decreased at an annualized rate of 6.17%, from $148k in 2017 to $108k in 2022.

In 2017, Cayman Islands exported $3.62k to Philippines. The main products exported from Cayman Islands to Philippines were Industrial Furnaces ($1.24k), Medical Instruments ($1.07k), and Computers ($768). During the last 5 years the exports of Cayman Islands to Philippines have increased at an annualized rate of 0.95%, from $3.45k in 2022 to $3.62k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Cayman Islands
Top Destination
Malta$218M

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 2022, countries that imported more from Philippines than Cayman Islands included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Cayman Islands than Philippines included Malta ($218M), Seychelles ($121M), and Norway ($163M).

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

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 2022, Philippines had a large net trade with Cayman Islands in the exports of Foodstuffs ($99.7k), Chemical Products ($6.93k), and Machines ($1k).

During 2017, Cayman Islands had a large net trade with Philippines in the exports of Machines ($2.01k), Instruments ($1.34k), and Animal Hides ($270).

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) (2022)

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