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Cayman Islands

Cayman Islands ranked No. 94 in total trade value through June with a total of $572.28 million. Exports totaled $543.92 million and Imports totaled $28.35 million, a surplus of $515.57 million.

January – June 2019

Top Trading Ports

Total Trade: $572.28 million

RankPortTotal YTD
1Port Everglades, Fla. $126,988,134
2Low-Valued Imports and Exports $109,001,650
3Port of Palm Beach, Fla. $100,447,265
4Miami International Airport $53,261,160
5Seattle-Tacoma International Airport $51,021,061
6Port of Mobile, Ala. $29,363,325
7Port of Houston $26,819,149
8Port Miami $15,539,609
9Port of Greater Baton Rouge, La. $12,650,913
10Port of Beaumont, Texas $9,950,808

U.S. trade with Cayman Islands rose to $572.28 million through June

Cayman Islands’s trade with the United States rose to $572.28 million through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 33.48 percent above its total trade during the same time period last year. Cayman Islands’s exports increased 32.71 percent while imports rose 50.21 percent. The U.S. surplus with Cayman Islands was $515.57 million.

Through June, 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 Port of Palm Beach, Fla.; No. 4 Miami International Airport; and No. 5 Seattle-Tacoma International Airport. During the same period the previous year, the top five were No. 1 Low-Valued Imports and Exports No. 2 Port Everglades, Fla. No. 3 Port of Palm Beach, Fla. No. 4 Miami International Airport and No. 5 Port of Houston. In the current time period, the top five accounted for 77.01 percent of Cayman Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. rose 31.89 percent to $126.99 million.
    Exports rose 29.68 percent to $124.03 million. Imports rose 361.13 percent to $2.96 million.
  • Trade with No. 2 Low-Valued Imports and Exports rose 8.08 percent to $109 million.
    Exports rose 8.08 percent to $109 million. There were no imports.
  • Trade with No. 3 Port of Palm Beach, Fla. rose 62.67 percent to $100.45 million.
    Exports rose 65.31 percent to $100.09 million. Imports fell 70.05 percent to $360,974.
  • Trade with No. 4 Miami International Airport rose 23.6 percent to $53.26 million.
    Exports rose 26.5 percent to $38.66 million. Imports rose 16.5 percent to $14.6 million.
  • Trade with No. 5 Seattle-Tacoma International Airport totaled $51.02 million.
    Exports totaled $51.02 million. There were no imports.

Cayman Islands ranked No. 94 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 103.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Cayman Islands by value through June were the categories of Low value shipments; Gasoline, other fuels; Civilian aircraft, parts; Motorboats and yachts; and Jewelry, parts, respectively. They accounted for 54 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; Collectors items of historic or botanic interest; Cell phones, related equipment; Miscellaneous machine parts; and Gold –– accounted for 92.26 percent of all inbound shipments.

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

  • Low value shipments rose 8.08 percent compared to last year to $109 million.
  • Gasoline, other fuels rose 15.19 percent compared to last year to $78.04 million.
  • Civilian aircraft, parts rose 11892 percent compared to last year to $65.09 million.
  • Motorboats and yachts rose 1004.96 percent compared to last year to $31.24 million.
  • Jewelry, parts fell 27.33 percent compared to last year to $10.32 million.

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

  • Value added to a returned import fell 21.59 percent compared to last year to $10.79 million.
  • Collectors items of historic or botanic interest rose 89341 percent compared to last year to $7.2 million.
  • Cell phones, related equipment rose 197.14 percent compared to last year to $7.19 million.
  • Miscellaneous machine parts rose 1550 percent compared to last year to $495,000.
  • Gold totaled $477,102. The previous year, there were no imports in this category.

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.