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Exports In 2022, Cayman Islands exported $64.9M in Refined Petroleum, making it the 115th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Cayman Islands. The main destination of Refined Petroleum exports from Cayman Islands are: Grenada ($61.6M), Guatemala ($2.52M), Barbados ($722k), United Arab Emirates ($71.4k), and South Africa ($138).

The fastest growing export markets for Refined Petroleum of Cayman Islands between 2021 and 2022 were Grenada ($23.8M), Guatemala ($2.52M), and United Arab Emirates ($71.4k).

Imports In 2022, Cayman Islands imported $361M in Refined Petroleum, becoming the 145th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Cayman Islands. Cayman Islands imports Refined Petroleum primarily from: United States ($309M), Turkey ($15.7M), China ($11.1M), Suriname ($10.7M), and Brazil ($7.32M).

The fastest growing import markets in Refined Petroleum for Cayman Islands between 2021 and 2022 were United States ($105M), Turkey ($11M), and Suriname ($9.88M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Refined Petroleum from Cayman Islands to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.9M
IMPORTS (2022)$361M
NET TRADE (2022)-$296M

In 2022, Cayman Islands exported $64.9M in Refined Petroleum. The main destinations of Cayman Islands exports on Refined Petroleum were Grenada ($61.6M), Guatemala ($2.52M), Barbados ($722k), United Arab Emirates ($71.4k), and South Africa ($138).

In 2022, Cayman Islands imported $361M in Refined Petroleum, mainly from United States ($309M), Turkey ($15.7M), China ($11.1M), Suriname ($10.7M), and Brazil ($7.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Cayman Islands WERE (2021 - 2022):
Grenada$23.8M (62.9%)
Guatemala$2.52M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Cayman Islands WERE (2021 - 2022):
United States-$276k (-100%)
Barbados-$129k (-15.1%)
Australia-$20.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Cayman Islands's main exporting competitors in Refined Petroleum were:
In 2022, Cayman Islands's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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