Cayman Islands recorded a trade deficit of 1095.90 KYD Million in 2020. source: Cayman Islands - The Economics & Statistics Office

Balance of Trade in Cayman Islands averaged -429.79 KYD Million from 1971 until 2020, reaching an all time high of -8.40 KYD Million in 1971 and a record low of -1148.20 KYD Million in 2019. This page provides - Cayman Islands Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cayman Islands Balance of Trade - values, historical data and charts - was last updated on June of 2021.

Balance of Trade in Cayman Islands is expected to reach -1120.00 KYD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cayman Islands Balance of Trade is projected to trend around -1200.00 KYD Million in 2022 and -1300.00 KYD Million in 2023, according to our econometric models.

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Cayman Islands Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1095.90 -1148.20 -8.40 -1148.20 1971 - 2020 KYD Million Yearly

Cayman Islands Trade Last Previous Highest Lowest Unit
Balance of Trade -1095.90 -1148.20 -8.40 -1148.20 KYD Million [+]
Current Account -484.70 -772.90 -409.60 -913.10 KYD Million [+]
Current Account to GDP -9.80 -16.80 -9.80 -38.80 percent of GDP [+]
Imports 310.50 296.85 976.30 8.90 KYD Million [+]
Exports 18.40 41.50 54.00 0.20 KYD Million [+]
Tourist Arrivals 502.70 463.30 502.70 167.80 Thousand [+]


Cayman Islands Balance of Trade
The Cayman Islands run consistent trade deficits as the country imports most of what it consumes. The Cayman Islands mostly exports aircraft, transportation vessels, recreational vehicles, fuel, jewellery and paintings. The Cayman Islands mostly imports recreational vehicles, coal, transportation vehicles, aircraft, fuel, soybeans, natural gas, jewellery and furniture. The Cayman Islands’ main trading partner is the United States, accounting for over 80 percent of total trade. Others include Germany, Switzerland, the United Kingdom, Jamaica and Mexico.