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Cayman Islands

Cayman Islands ranked No. 102 in total trade value through October with a total of $766.79 million. Exports totaled $739.52 million and Imports totaled $27.27 million, a surplus of $712.26 million.

January – October 2018

Top Trading Ports

Total Trade: $766.79 million

RankPortTotal YTD
1Port Everglades, Fla. $169,522,061
2Low-Valued Imports and Exports $166,711,049
3Miami International Airport $134,417,268
4Port of Palm Beach, Fla. $104,864,369
5Port of Houston $69,556,682
6Port Miami $29,159,541
7Port of New Orleans $22,544,957
8Port of Greater Baton Rouge, La. $19,958,000
9Port of Mobile, Ala. $10,766,936
10Port of New York $9,039,562

U.S. trade with Cayman Islands rose to $766.79 million through October

Cayman Islands’s trade with the United States rose to $766.79 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.39 percent below its total trade during the same time period last year. Cayman Islands’s exports decreased 1.89 percent while imports rose 14.51 percent. The U.S. surplus with Cayman Islands was $712.26 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Everglades, Fla.; No. 2 Low-Valued Imports and Exports; No. 3 Miami International Airport; No. 4 Port of Palm Beach, Fla.; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Low-Valued Imports and Exports No. 2 Port of Houston No. 3 Port Everglades, Fla. No. 4 Port of Palm Beach, Fla. and No. 5 Miami International Airport. In the current time period, the top five accounted for 84.13 percent of Cayman Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. rose 16.8 percent to $169.52 million.
    Exports rose 16.64 percent to $168.65 million. Imports rose 59.23 percent to $871,653.
  • Trade with No. 2 Low-Valued Imports and Exports fell 11.66 percent to $166.71 million.
    Exports fell 11.66 percent to $166.71 million. There were no imports.
  • Trade with No. 3 Miami International Airport rose 136.35 percent to $134.42 million.
    Exports rose 169.42 percent to $116.44 million. Imports rose 31.65 percent to $17.97 million.
  • Trade with No. 4 Port of Palm Beach, Fla. fell 1.99 percent to $104.86 million.
    Exports fell 2.97 percent to $103.6 million. Imports rose 463.31 percent to $1.26 million.
  • Trade with No. 5 Port of Houston fell 57 percent to $69.56 million.
    Exports fell 57.39 percent to $68.04 million. Imports fell 26.48 percent to $1.52 million.

Cayman Islands ranked No. 102 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 97.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Cayman Islands by value through October were the categories of Low value shipments; Gasoline, other fuels; Civilian aircraft, parts; Jewelry, parts; and Gold, respectively. They accounted for 50.36 percent of total exports to Cayman Islands.

The value of the top five categories of U.S. imports from Cayman Islands –– Value added to a returned import; Cell phones, related equipment; Salvage; Copper waste and scrap; and Windshield wipers, electric light parts –– accounted for 86.8 percent of all inbound shipments.

Looking more closely at U.S. exports to Cayman Islands:

  • Low value shipments fell 11.66 percent compared to last year to $166.71 million.
  • Gasoline, other fuels fell 49.05 percent compared to last year to $107.01 million.
  • Civilian aircraft, parts rose 7838.59 percent compared to last year to $60.69 million.
  • Jewelry, parts rose 62.01 percent compared to last year to $23.86 million.
  • Gold rose 57.92 percent compared to last year to $14.12 million.

Looking more closely at U.S. imports from Cayman Islands:

  • Value added to a returned import rose 23.73 percent compared to last year to $16.82 million.
  • Cell phones, related equipment rose 121.99 percent compared to last year to $5.29 million.
  • Salvage rose 23.41 percent compared to last year to $614,417.
  • Copper waste and scrap rose 46.35 percent compared to last year to $515,015.
  • Windshield wipers, electric light parts fell 75.37 percent compared to last year to $422,845.

In the latest annual figures available, Cayman Islands recorded $938.55 million in trade with the United States. At year’s end, its were Miami; Low Value Shipments; Houston; New Orleans; and Phoenix/Nogales. Total U.S. exports to Cayman Islands were $ 884.29 million and imports from Cayman Islands were $54.26 million. The U.S. surplus with Cayman Islands was $830.03 million.