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Cayman Islands Trade Summary

2021

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 2021

Overall Exports and Imports for Cayman Islands 2021

Exports and imports of Cayman Islands in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 17 million.
  • The total value of imports (CIF) was 1,538 million.
  • At the HS6 digit level, 475 products were exported to 3 countries and 3,334 products were imported from 142 countries.

Cayman Islands top 5 Export and Import partners 2021

Top five countries to which Cayman Islands exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Cayman Islands exports to United States worth US$ 13 million, with a partner share of 77.77 percent.
  2. Cayman Islands exports to Jamaica worth US$ 2 million, with a partner share of 13.08 percent.
  3. Cayman Islands exports to United Kingdom worth US$ 2 million, with a partner share of 9.15 percent.

Top five countries from which Cayman Islands imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Cayman Islands imports from United States worth US$ 1,253 million, with a partner share of 81.51 percent.
  2. Cayman Islands imports from Jamaica worth US$ 52 million, with a partner share of 3.37 percent.
  3. Cayman Islands imports from United Kingdom worth US$ 38 million, with a partner share of 2.47 percent.
  4. Cayman Islands imports from Mexico worth US$ 19 million, with a partner share of 1.26 percent.
  5. Cayman Islands imports from Japan worth US$ 19 million, with a partner share of 1.25 percent.

Cayman Islands Top 5 Productsexports imports at HS 6 digit level 2021

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 US$ 6,810.15 million.
  2. Cayman Islands exported Waste and scrap, of alloy steel, other than sta , worth US$ 1,428.41 million.
  3. Cayman Islands exported Waste and scrap, copper or copper alloy , worth US$ 909.08 million.
  4. Cayman Islands exported Prepared culture media for development of micro , worth US$ 763.70 million.
  5. Cayman Islands exported Measuring or checking instruments, appliances a , worth US$ 716.30 million.

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 US$ 148,870.71 million.
  2. Cayman Islands imported Other food preparations, nes , worth US$ 33,858.41 million.
  3. Cayman Islands imported Household and toilet articles of plastics, nes , worth US$ 30,241.49 million.
  4. Cayman Islands imported Gold in oth semi-manufactured forms,non-monetar , worth US$ 27,401.81 million.
  5. Cayman Islands imported Automobiles nes including gas turbine powered , worth US$ 21,370.35 million.

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Cayman Islands in 2021 are below

  • The maximum rate of tariff in percentage on any product was 2,373.84 percent.
  • The simple average tariff across all products was 22.79 percent.
  • The trade weighted average tariff was 20.39 .
  • The total duty free imports in thousands of US dollars were 179,875.31 and duty free tariff line items share was 12.65 percent.

Development Indicators 2021

Key Development Indicators of Cayman Islands in 2021 are below

  • Cayman Islands GDP in current US dollar was 6,028 million.
  • GNI per capita, Atlas method (current US$) was 65,190.00 .
  • Cayman Islands Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2021

Trade Indicators for Cayman Islands in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.62.
  • Index of export market penetration was 1.32.
  • World Growth in percentage was 12.59 and Cayman Islands Country Growth was 11.40 .