Cayman Islands (CYM) and Germany (DEU) Trade | The Observatory of Economic Complexity

About

Cayman Islands-Germany Trade: In 2022, Cayman Islands exported $818k to Germany. The main products that Cayman Islands exported to Germany were Wine ($293k), Diamonds ($159k), and Paintings ($159k). Over the past 5 years the exports of Cayman Islands to Germany have decreased at an annualized rate of 7.29%, from $1.19M in 2017 to $818k in 2022.

In 2022, Cayman Islands did not export any services to Germany.

Germany-Cayman Islands Trade: In 2022, Germany exported $135M to Cayman Islands. The main products that Germany exported to Cayman Islands were Recreational Boats ($120M), Cars ($3.23M), and Engine Parts ($1.74M). Over the past 5 years the exports of Germany to Cayman Islands have decreased at an annualized rate of 28.4%, from $720M in 2017 to $135M in 2022.

In 2022, Germany did not export any services to Cayman Islands.

Comparison In 2022, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index. That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cayman Islands exported $818k to Germany. The main products exported from Cayman Islands to Germany were Wine ($293k), Diamonds ($159k), and Paintings ($159k). During the last 5 years the exports of Cayman Islands to Germany have decreased at an annualized rate of 7.29%, from $1.19M in 2017 to $818k in 2022.

In 2017, Germany exported $135M to Cayman Islands. The main products exported from Germany to Cayman Islands were Recreational Boats ($120M), Cars ($3.23M), and Engine Parts ($1.74M). During the last 5 years the exports of Germany to Cayman Islands have decreased at an annualized rate of 28.4%, from $720M in 2022 to $135M in 2017.

Exports from Cayman Islands () to Germany () (2022)

Exports from Germany () to Cayman Islands () (2022)

Latest Data

Trade between Cayman Islands () and Germany ()

Germany Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cayman Islands
Top DestinationMalta$218M

Germany
Top DestinationUnited States$153B

This map shows whether countries import more from Cayman Islands or Germany. Each country is colored based on the difference in imports they receive from Cayman Islands and Germany or the difference in the growth in imports.

In 2022, countries that imported more from Cayman Islands than Germany included Seychelles ($121M), Grenada ($62.6M), and Belize ($18.9M).

In 2022, countries that imported more from Germany than Cayman Islands included United States ($153B), France ($120B), and China ($109B).

Difference in imports from Germany () and Cayman Islands () (2022)

Comparative Advantage Cayman Islands - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Cayman Islands and Germany by product, considering products traded by both, Cayman Islands and Germany.

During 2022, Cayman Islands had a large net trade with Germany in the exports of Foodstuffs ($321k), Precious Metals ($162k), and Arts and Antiques ($159k).

During 2017, Germany had a large net trade with Cayman Islands in the exports of Transportation ($124M), Machines ($5.05M), and Plastics and Rubbers ($1.44M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Cayman Islands and Germany. This means that a dot/product with the flag of Cayman Islands indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Cayman Islands.

About

Historical Data

Bilateral Trade by Products

Exports from Cayman Islands () to Germany () (2022)

Exports from Germany () to Cayman Islands () (2022)

Latest Data

Trade between Cayman Islands () and Germany ()

Germany Exports

Market Competitiveness

Difference in imports from Germany () and Cayman Islands () (2022)

Comparative Advantage Cayman Islands - Germany

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Cayman Islands () and Germany () (2022)

Keep Exploring