Trade Trend

In 2023, Cayman Islands's total export value is 1.97Billion USD, total import value is 6.93Billion USD, Deficit is -4.96Billion USD. In 2023，Cayman Islands's top export products are Yachts and other vessels; for pleasure or sports, rowing boats and canoes(1.41Billion USD), Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(410.77Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(62.63Million USD), top export destinations are Netherlands(1.11Billion USD), United Kingdom(322.69Million USD), Cyprus(173.29Million USD). In 2023, Cayman Islands's top import products are Yachts and other vessels; for pleasure or sports, rowing boats and canoes(4.73Billion USD), None(305.50Million USD), Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(270.31Million USD), top import origins are Netherlands(2.93Billion USD), United States(1.28Billion USD), Germany(988.91Million USD).

Comparing to 2022, Cayman Islands's total export value decreased -177.01Million USD(-8.24%) in 2023, this could result from its export decreases of products such as Yachts and other vessels; for pleasure or sports, rowing boats and canoes(-235.34Million USD or -14.30%), Petroleum gases and other gaseous hydrocarbons(-14.94Million USD or -55.69%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-9.18Million USD or -12.79%) and export decreases to countries/economics such as Netherlands(-424.05Million USD or -27.65%), Malta(-178.70Million USD or -82.29%), Norway(-148.11Million USD or -100.00%). Comparing to 2022, Cayman Islands's total import value increased 2.34Billion USD(50.97%) in 2023, this could result from its import increases of products such as Yachts and other vessels; for pleasure or sports, rowing boats and canoes(2.21Billion USD or 87.92%), Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(270.23Million USD or 363.47Thousands%), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(94.52Million USD or 171.58%), and its import increases from countries/economies such as Netherlands(1.03Billion USD or 53.84%), Germany(910.83Million USD or 1.17Thousands%), Italy(270.88Million USD or 66.98%).

Cumulated to first 6 months of 2024, Cayman Islands's total export value is 271.93Million USD, total import value is 2.75Billion USD, and tradedeficit is -2.48Billion USD. Cumulated to first 6 months of 2024, Cayman Islands's top export products are Yachts and other vessels; for pleasure or sports, rowing boats and canoes(204.39Million USD), Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(26.19Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(21.45Million USD), and top export destinations are Netherlands(182.91Million USD), Italy(34.96Million USD), Grenada(21.45Million USD). Cumulated to first 6 months of 2024, Cayman Islands's top import products are Yachts and other vessels; for pleasure or sports, rowing boats and canoes(204.39Million USD), Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(26.19Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(21.45Million USD), and top import origins areGermany(1.31Billion USD), United States(516.97Million USD), Netherlands(416.21Million USD).