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Cayman Islands Trade Summary

2023

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 2023

Overall Exports and Imports for Cayman Islands 2023

Exports and imports of Cayman Islands in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 45 million.
  • The total value of imports (CIF) was 1,832 million.
  • At the HS6 digit level, 402 products were exported to 3 countries and 3,274 products were imported from 137 countries.

Cayman Islands top 5 Export and Import partners 2023

Top five countries to which Cayman Islands exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Cayman Islands exports to United States worth US$ 37 million, with a partner share of 81.20 percent.
  2. Cayman Islands exports to United Kingdom worth US$ 5 million, with a partner share of 10.90 percent.
  3. Cayman Islands exports to Jamaica worth US$ 4 million, with a partner share of 7.90 percent.

Top five countries from which Cayman Islands imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Cayman Islands imports from United States worth US$ 1,503 million, with a partner share of 82.05 percent.
  2. Cayman Islands imports from Jamaica worth US$ 72 million, with a partner share of 3.90 percent.
  3. Cayman Islands imports from United Kingdom worth US$ 45 million, with a partner share of 2.48 percent.
  4. Cayman Islands imports from China worth US$ 24 million, with a partner share of 1.33 percent.
  5. Cayman Islands imports from Switzerland worth US$ 19 million, with a partner share of 1.06 percent.

Cayman Islands Top 5 Productsexports imports at HS 6 digit level 2023

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

  1. Cayman Islands exported Petroleum oils, etc, (excl. crude); preparation , worth 15,858.51 (US$ Thousands).
  2. Cayman Islands exported Transmission apparatus, for radioteleph incorpo , worth 5,212.76 (US$ Thousands).
  3. Cayman Islands exported Ethyl alcohol and other denatured spirits of an , worth 2,778.53 (US$ Thousands).
  4. Cayman Islands exported Fruits of genus Capiscum or Pimenta, dried, cru , worth 2,083.21 (US$ Thousands).
  5. Cayman Islands exported Measuring or checking instruments, appliances a , worth 1,167.31 (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 253,049.73 (US$ Thousands).
  2. Cayman Islands imported Other food preparations, nes , worth 53,091.11 (US$ Thousands).
  3. Cayman Islands imported Household and toilet articles of plastics, nes , worth 31,983.66 (US$ Thousands).
  4. Cayman Islands imported Automobiles nes including gas turbine powered , worth 28,444.02 (US$ Thousands).
  5. Cayman Islands imported Art. of jewellery and pts thereof of base mtl c , worth 26,021.95 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Cayman Islands in 2023 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 2023

Key Development Indicators of Cayman Islands in 2023 are below

  • Cayman Islands GDP in current US dollar was 7,139 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Cayman Islands Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 87.60 .

Trade Indicators 2023

Trade Indicators for Cayman Islands in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.41.
  • Index of export market penetration was 1.36.
  • World Growth in percentage was -3.13 and Cayman Islands Country Growth was -1.62 .