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Cayman Islands Trade Summary

2020

Cayman Islands exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR CAYMAN ISLANDS 2020

Overall Exports and Imports for Cayman Islands 2020

Exports and imports of Cayman Islands in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 22 million.
  • The total value of imports (CIF) was 1,335 million.
  • At the HS6 digit level, 298 products were exported to 3 countries and 3,306 products were imported from 131 countries.

Cayman Islands top 5 Export and Import partners 2020

Top five countries to which Cayman Islands exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Cayman Islands exports to United States worth US$ 18 million, with a partner share of 82.21 percent.
  2. Cayman Islands exports to United Kingdom worth US$ 3 million, with a partner share of 12.47 percent.
  3. Cayman Islands exports to Jamaica worth US$ 1 million, with a partner share of 5.33 percent.

Top five countries from which Cayman Islands imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Cayman Islands imports from United States worth US$ 1,099 million, with a partner share of 82.31 percent.
  2. Cayman Islands imports from United Kingdom worth US$ 63 million, with a partner share of 4.75 percent.
  3. Cayman Islands imports from Jamaica worth US$ 48 million, with a partner share of 3.59 percent.
  4. Cayman Islands imports from Mexico worth US$ 17 million, with a partner share of 1.27 percent.
  5. Cayman Islands imports from Japan worth US$ 14 million, with a partner share of 1.07 percent.

Cayman Islands Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Cayman Islands along with trade value are:

  1. Cayman Islands exported Transmission apparatus, for radioteleph incorpo , worth 9,239.42 (US$ Thousands).
  2. Cayman Islands exported Petroleum oils, etc, (excl. crude); preparation , worth 2,611.36 (US$ Thousands).
  3. Cayman Islands exported Golf clubs, complete , worth 1,624.07 (US$ Thousands).
  4. Cayman Islands exported Waste and scrap, copper or copper alloy , worth 581.33 (US$ Thousands).
  5. Cayman Islands exported Electrical relays for a voltage exceed 60 V but , worth 501.12 (US$ Thousands).

The top five imported HS 6 digit level products from world by Cayman Islands along with trade value are

  1. Cayman Islands imported Petroleum oils, etc, (excl. crude); preparation , worth 99,109.47 (US$ Thousands).
  2. Cayman Islands imported Gold in oth semi-manufactured forms,non-monetar , worth 90,993.20 (US$ Thousands).
  3. Cayman Islands imported New stamps; stamp-impressed paper; banknotes; c , worth 43,759.16 (US$ Thousands).
  4. Cayman Islands imported Other food preparations, nes , worth 33,516.51 (US$ Thousands).
  5. Cayman Islands imported Other medicaments of mixed or unmixed products, , worth 16,308.92 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Cayman Islands in 2020 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2020

Key Development Indicators of Cayman Islands in 2020 are below

  • Cayman Islands GDP in current US dollar was 5,647 million.
  • GNI per capita, Atlas method (current US$) was 62,420.00 .
  • Cayman Islands Trade balance: as % of GDP was 13.81.
  • Trade balance in current US$ was 780.00 million.
  • Trade as percentage of GDP was 105.62 .
  • Trade in services as percentage of GDP was 76.38 .

Trade Indicators 2020

Trade Indicators for Cayman Islands in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.45.
  • Index of export market penetration was 1.30.
  • World Growth in percentage was -3.75 and Cayman Islands Country Growth was 13.80 .