NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Product
Exports | Imports $818M | $3.3B165 of 226 |  154 of 226
2023
Per Capita Product
Exports | Imports $11.2k | $45.2k36 of 220 |  2 of 220

About

Overview In 2023 Cayman Islands was the number 165 economy in the world in terms of total exports and the number 154 in total imports.

Exports The top exports of Cayman Islands are Planes, Helicopters, and/or Spacecraft ($397M), Recreational Boats ($296M), Refined Petroleum ($81.4M), Petroleum Gas ($11.9M), and Broadcasting Equipment ($6.93M), exporting mostly to United Kingdom ($326M), Cyprus ($172M), Germany ($74.8M), Grenada ($67.2M), and Italy ($40.1M).

Imports The top imports of Cayman Islands are Recreational Boats ($1.83B), Refined Petroleum ($265M), Passenger and Cargo Ships ($91.2M), Special Purpose Ships ($69M), and Cars ($62.9M), importing mostly from Germany ($992M), United States ($962M), Italy ($670M), Turkey ($166M), and China ($159M).

Location Cayman Islands borders Brazil, Ecuador, Panama, Peru, and Venezuela by land and Colombia, Cuba, Honduras, and Jamaica by sea.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Cayman Islands.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Planes, Helicopters, and/or Spacecraft$397M
Top Destination (2023)United Kingdom$326M

In 2023, Cayman Islands exported a total of $818M, making it the number 165 exporter in the world. During the last five reported years the exports of Cayman Islands have changed by -$204M from $1.02B in 2018 to $818M in 2023.

The most recent exports are led by Planes, Helicopters, and/or Spacecraft ($397M), Recreational Boats ($296M), Refined Petroleum ($81.4M), Petroleum Gas ($11.9M), and Broadcasting Equipment ($6.93M). The most common destination for the exports of Cayman Islands are United Kingdom ($326M), Cyprus ($172M), Germany ($74.8M), Grenada ($67.2M), and Italy ($40.1M).

Explore Visualizations

Exports (2023)
[Click to Select a Product]

Destinations (2023)
[Click to Select a Country]

Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2022 - 2023)
United Kingdom$324M (+ 20.1k%)
Cyprus$172M (+ 8.09M%)
Germany$73.9M (+ 8.82k%)
Fastest Growing Import Markets (2022 - 2023)
Germany$857M (+ 633%)
Italy$259M (+ 63.1%)
China$104M (+ 190%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
View
Sort By

Subscribe today to OEC pro and access the latest data

Sign Up

Service Trade

Service Trade

Export Year
Import Year
Cayman Islands Exports Services (2019)$3.77B
Cayman Islands Imports Services (2019)$1.41B

In 2019, Cayman Islands exported $3.77B worth of services. The top services exported by Cayman Islands in 2019 were Financial services ($1.37B), Personal travel ($864M), Other business services ($773M), Insurance services ($562M), and Transportation ($111M).

The top services imported by Cayman Islands in 2019 were Other business services ($304M), Insurance services ($296M), Financial services ($232M), Personal travel ($218M), and Transportation ($185M).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Most Specialized Products by RCA Index

Cayman Islands has a high level of specialization in Recreational Boats (502), Planes, Helicopters, and/or Spacecraft (77.7), Alcohol > 80% ABV (5.35), Scrap Lead (4.62), and Other Floating Structures (3.31). Specialization is measured using RCA, an index that takes the ratio between Cayman Islands observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Cayman Islands according to the relatedness index, were Hard Liquor (0.016), Collector's Items (0.015), Crude Petroleum (0.014), Scrap Iron (0.014), and Other Animals (0.014). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cayman Islands is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Cayman Islands. These are products that tend to be co-exported with the products that Cayman Islands exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms