2022
Flag  
GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
GDP PC 
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Sweden-Cayman Islands Trade: In 2022, Sweden exported $3.63M to Cayman Islands. The main products that Sweden exported to Cayman Islands were Recreational Boats ($3.22M), Hard Liquor ($175k), and Liquid Pumps ($56k). Over the past 5 years the exports of Sweden to Cayman Islands have decreased at an annualized rate of 2.59%, from $4.14M in 2017 to $3.63M in 2022.

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

Cayman Islands-Sweden Trade: In 2022, Cayman Islands exported $1.08k to Sweden. The main products that Cayman Islands exported to Sweden were Radio Receivers ($692), Knit T-shirts ($198), and Leather Footwear ($99). Over the past 5 years the exports of Cayman Islands to Sweden have decreased at an annualized rate of 52.9%,  from $46.5k in 2017 to $1.08k in 2022.

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

Comparison In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49),  and 33 in total exports ($194B). 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, Sweden exported $3.63M to Cayman Islands. The main products exported from Sweden to Cayman Islands were Recreational Boats ($3.22M), Hard Liquor ($175k), and Liquid Pumps ($56k). During the last 5 years the exports of Sweden to Cayman Islands have decreased at an annualized rate of 2.59%, from $4.14M in 2017 to $3.63M in 2022.

In 2017, Cayman Islands exported $1.08k to Sweden. The main products exported from Cayman Islands to Sweden were Radio Receivers ($692), Knit T-shirts ($198), and Leather Footwear ($99). During the last 5 years the exports of Cayman Islands to Sweden have decreased at an annualized rate of 52.9%, from $46.5k in 2022 to $1.08k in 2017.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Cayman Islands
Top Destination
Malta$218M

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

In 2022, countries that imported more from Sweden than Cayman Islands included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

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

Comparative Advantage Sweden - Cayman Islands

Flow
Scale

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

During 2022, Sweden had a large net trade with Cayman Islands in the exports of Transportation ($3.23M), Foodstuffs ($176k), and Machines ($135k).

During 2017, Cayman Islands had a large net trade with Sweden in the exports of Machines ($692), Textiles ($198), and Footwear and Headwear ($99).

Economic Complexity

Competitive Landscape

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

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

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