2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 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 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 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

Singapore-Cayman Islands Trade: In 2023, Singapore exported $1.22M to Cayman Islands. The main products that Singapore exported to Cayman Islands were Cars ($784k), Integrated Circuits ($254k), and Industrial Fatty Acids, Oils and Alcohols ($118k). Over the past 5 years the exports of Singapore to Cayman Islands have decreased at an annualized rate of 10.9%, from $2.18M in 2018 to $1.22M in 2023.

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

Cayman Islands-Singapore Trade: In 2023, Cayman Islands exported $963k to Singapore. The main products that Cayman Islands exported to Singapore were Gas Turbines ($813k), Other Engines ($97.4k), and Silk Fabrics ($15.8k). Over the past 5 years the exports of Cayman Islands to Singapore have increased at an annualized rate of 7.56%,  from $669k in 2018 to $963k in 2023.

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

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). 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, Singapore exported $1.22M to Cayman Islands. The main products exported from Singapore to Cayman Islands were Cars ($784k), Integrated Circuits ($254k), and Industrial Fatty Acids, Oils and Alcohols ($118k). During the last 5 years the exports of Singapore to Cayman Islands have decreased at an annualized rate of 10.9%, from $2.18M in 2018 to $1.22M in 2023.

In 2018, Cayman Islands exported $963k to Singapore. The main products exported from Cayman Islands to Singapore were Gas Turbines ($813k), Other Engines ($97.4k), and Silk Fabrics ($15.8k). During the last 5 years the exports of Cayman Islands to Singapore have increased at an annualized rate of 7.56%, from $669k in 2023 to $963k in 2018.

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

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

Latest Data

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

Singapore Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
Cayman Islands
Top Destination
United Kingdom$326M

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

In 2023, countries that imported more from Singapore than Cayman Islands included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

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

Comparative Advantage Singapore - Cayman Islands

Flow
Scale

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

During 2023, Singapore had a large net trade with Cayman Islands in the exports of Transportation ($787k), Machines ($261k), and Chemical Products ($170k).

During 2018, Cayman Islands had a large net trade with Singapore in the exports of Machines ($922k), Textiles ($32.3k), and Metals ($7.29k).

Economic Complexity

Competitive Landscape

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

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

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