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Exports In 2023, Cayman Islands exported $81.4M in Refined Petroleum, making it the 116th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Cayman Islands. The main destination of Refined Petroleum exports from Cayman Islands are: Grenada ($66.9M), Barbados ($13.3M), Dominica ($1.06M), Australia ($72.1k), and Italy ($41.7k).

The fastest growing export markets for Refined Petroleum of Cayman Islands between 2022 and 2023 were Barbados ($12.5M), Dominica ($1.06M), and Australia ($72.1k).

Imports In 2023, Cayman Islands imported $265M in Refined Petroleum, becoming the 147th 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 ($236M), China ($8.42M), Turkey ($6.89M), Brazil ($5.93M), and Jamaica ($3.59M).

The fastest growing import markets in Refined Petroleum for Cayman Islands between 2022 and 2023 were Jamaica ($3.3M), Germany ($351k), and South Africa ($290k).

Latest Trends

Dec 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 (2023)$81.4M
IMPORTS (2023)$265M
NET TRADE (2023)-$184M

In 2023, Cayman Islands exported $81.4M in Refined Petroleum. The main destinations of Cayman Islands exports on Refined Petroleum were Grenada ($66.9M), Barbados ($13.3M), Dominica ($1.06M), Australia ($72.1k), and Italy ($41.7k).

In 2023, Cayman Islands imported $265M in Refined Petroleum, mainly from United States ($236M), China ($8.42M), Turkey ($6.89M), Brazil ($5.93M), and Jamaica ($3.59M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Cayman Islands WERE (2022 - 2023):
Barbados$12.5M (1.56k%)
Dominica$1.06M (1%)
Australia$72.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Cayman Islands WERE (2022 - 2023):
Guatemala-$2.77M (-100%)
Grenada-$1.29M (-1.89%)
United Arab Emirates-$80.9k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
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In 2023, Cayman Islands's main exporting competitors in Refined Petroleum were:
In 2023, 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.

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