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2022
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Exports $135MRnk 125 / 223
2022
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Top Product $120MRecreational Boats
2022
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Exports $818kRnk 25 / 92
2022
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Top Product $293kWine
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Germany-Cayman Islands In 2022, Germany exported $135M to Cayman Islands. The main products that Germany exported to Cayman Islands are Recreational Boats ($120M), Cars ($3.23M), and Engine Parts ($1.74M). During the last 27 years the exports of Germany to Cayman Islands have increased at an annualized rate of 9.18%, from $12.6M in 1995 to $135M in 2022.

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

Cayman Islands-Germany 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). During the last 27 years the exports of Cayman Islands to Germany have increased at an annualized rate of 2.77%, from $391k in 1995 to $818k in 2022.

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

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

Latest Trends

February, 2024

About

Overview In February 2024, Germany exported €1.36M and imported €156k from Cayman Islands, resulting in a positive trade balance of €1.2M. Between February 2023 and February 2024 the exports of Germany have increased by €222k (19.6%) from €1.14M to €1.36M, while imports increased by €117k (300%) from €39k to €156k.

Trade In February 2024, the top exports of Germany to Cayman Islands were Chassis, bodies, engines etc. for motor... (€154k), Motor cars and motor caravans (€151k), Jewellery, goldsmith's or silversmith's wares (€56k), Malt (€41k), and Pharmaceutical products (€36k). In February 2024 the top imports of Germany from Cayman Islands were Other end products (€149k), Measuring and automatical control instruments (€15k), and Waste and scrap of iron or... (€2k).

Origins In February 2024 the exports of Germany were mainly from Bavaria (€357k), Baden-Württemberg (€248k), Bremen (€151k), North Rhine-Westphalia (€67k), and Rhineland-Pfalz (€9k), while imports destinations were mainly Lower Saxony (€120k), Bremen (€15k), Rhineland-Pfalz (€10k), Hamburg (€4k), and Schleswig-Holstein (€4k).

Growth In February 2024, the increase in Germany's year-by-year exports to Cayman Islands was explained primarily by an increase in product exports in Motor cars and motor caravans (€80k or 113%), Jewellery, goldsmith's or silversmith's wares (€52k or 1.3k%), and Malt (€30k or 273%). In February 2024, the increase in Germany's year-by-year imports  from Cayman Islands was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)€222k(19.6%)
IMPORT GROWTH (February 2023 - February 2024)€117k(300%)
MAIN EXPORTER (February 2024)Bavaria€357k

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 27 years the exports of Germany to Cayman Islands have increased at an annualized rate of 9.18%, from $12.6M in 1995 to $135M in 2022.

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 27 years the exports of Cayman Islands to Germany have increased at an annualized rate of 2.77%, from $391k in 1995 to $818k in 2022.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Cayman Islands
Top DestinationMalta$218M

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

In 2021, countries that imported more from Germany than Cayman Islands were United States ($153B), France ($120B), and China ($109B).

In 2021, countries that imported more from Cayman Islands than Germany were Seychelles ($121M), Grenada ($62.6M), and Belize ($18.9M).

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

Comparative Advantage Germany - Cayman Islands

Flow
Scale

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

During 2022, Germany had a large net trade with Cayman Islands in the exports of Transportation ($124M), Machines ($5.05M), and Plastics and Rubbers ($1.44M).

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).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over Cayman Islands. Similarly, the more yellow a dot/product is, the more Cayman Islands has comparative advantage over Germany.

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

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