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Pricing

2022
Flag → Flag
Exports $8.4MRnk 175 / 220
2022
Flag → Flag
Top Product $7.91MCars
2022
Flag → Flag
Exports $4.48MRnk 13 / 92
2022
Flag → Flag
Top Product $4.48MScrap Vessels
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Cayman Islands Trade: In 2022, South Korea exported $8.4M to Cayman Islands. The main products that South Korea exported to Cayman Islands were Cars ($7.91M), Delivery Trucks ($259k), and Electric Batteries ($61.4k). Over the past 5 years the exports of South Korea to Cayman Islands have decreased at an annualized rate of 57.7%, from $624M in 2017 to $8.4M in 2022.

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

Cayman Islands-South Korea Trade: In 2022, Cayman Islands exported $4.48M to South Korea. The main products that Cayman Islands exported to South Korea were Scrap Vessels ($4.48M), Other Printed Material ($41), and Engine Parts ($40). Over the past 5 years the exports of Cayman Islands to South Korea have increased at an annualized rate of 142%,  from $54k in 2017 to $4.48M in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $75k and imported $0 from Cayman Islands, resulting in a positive trade balance of $75k. Between July 2023 and July 2024 the exports of South Korea have decreased by $-739k (-90.8%) from $814k to $75k, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In July 2024, the top exports of South Korea to Cayman Islands were Cars, tractors, trucks & parts thereof. ($394k), Machinery, mechanical appliances, & parts ($252k), Electrical machinery and electronics ($53k), Paints, dyes, & varnishes ($1k), and Optical, photo, & film equipment; medical... ($0). In July 2024 the top imports of South Korea from Cayman Islands were Paints, dyes, & varnishes ($0), Machinery, mechanical appliances, & parts ($0), Electrical machinery and electronics ($0), Cars, tractors, trucks & parts thereof. ($0), and Optical, photo, & film equipment; medical... ($0).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Cayman Islands was explained primarily by an decrease in product exports in Optical, photo, & film equipment; medical... ($-3k or -100%). In July 2024, the change in South Korea's year-by-year imports  from Cayman Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-739k(-90.8%)
IMPORT GROWTH (July 2023 - July 2024)$0(N/A%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Cayman Islands and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cayman Islands and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $8.4M to Cayman Islands. The main products exported from South Korea to Cayman Islands were Cars ($7.91M), Delivery Trucks ($259k), and Electric Batteries ($61.4k). During the last 5 years the exports of South Korea to Cayman Islands have decreased at an annualized rate of 57.7%, from $624M in 2017 to $8.4M in 2022.

In 2017, Cayman Islands exported $4.48M to South Korea. The main products exported from Cayman Islands to South Korea were Scrap Vessels ($4.48M), Other Printed Material ($41), and Engine Parts ($40). During the last 5 years the exports of Cayman Islands to South Korea have increased at an annualized rate of 142%, from $54k in 2022 to $4.48M in 2017.

Exports from South Korea (Flag) to Cayman Islands (Flag) (2022)

Exports from Cayman Islands (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Cayman Islands
Top DestinationMalta$218M

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

In 2022, countries that imported more from South Korea than Cayman Islands included China ($150B), United States ($112B), and Vietnam ($60.7B).

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

Difference in imports from Cayman Islands (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Cayman Islands

Flow
Scale

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

During 2022, South Korea had a large net trade with Cayman Islands in the exports of Transportation ($8.18M), Machines ($132k), and Chemical Products ($52.1k).

During 2017, Cayman Islands had a large net trade with South Korea in the exports of Transportation ($4.48M), Paper Goods ($41), and Machines ($40).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Cayman Islands+N/AN/A
Top Product Potential Cayman Islands South Korea+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Cayman Islands (Flag) (2022)

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