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Cayman Islands

Cayman Islands ranked No. 92 in total trade value through February with a total of $189.91 million. Exports totaled $184.67 million and Imports totaled $5.24 million, a surplus of $179.42 million.

January – February 2019

Top Trading Ports

Total Trade: $189.91 million

RankPortTotal YTD
1Port of Palm Beach, Fla. $51,566,074
2Port Everglades, Fla. $49,836,758
3Low-Valued Imports and Exports $36,683,306
4Miami International Airport $18,054,065
5Port of Houston $9,608,024
6Port of Greater Baton Rouge, La. $6,695,113
7Port Miami $5,391,945
8Port of Mobile, Ala. $4,650,000
9Port of New Orleans $2,760,113
10Port of New York $1,139,104

U.S. trade with Cayman Islands rose to $189.91 million through February

Cayman Islands’s trade with the United States rose to $189.91 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 44.5 percent above its total trade during the same time period last year. Cayman Islands’s exports increased 44.62 percent while imports rose 40.3 percent. The U.S. surplus with Cayman Islands was $179.42 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Palm Beach, Fla.; No. 2 Port Everglades, Fla.; No. 3 Low-Valued Imports and Exports; No. 4 Miami International Airport; 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 Everglades, Fla. No. 3 Port of Palm Beach, Fla. No. 4 Miami International Airport and No. 5 Port of Greater Baton Rouge, La.. In the current time period, the top five accounted for 87.28 percent of Cayman Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Palm Beach, Fla. rose 138.46 percent to $51.57 million.
    Exports rose 146.21 percent to $51.47 million. Imports fell 86.78 percent to $95,078.
  • Trade with No. 2 Port Everglades, Fla. rose 73.31 percent to $49.84 million.
    Exports rose 73.63 percent to $49.41 million. Imports rose 42.3 percent to $422,690.
  • Trade with No. 3 Low-Valued Imports and Exports rose 19.76 percent to $36.68 million.
    Exports rose 19.76 percent to $36.68 million. There were no imports.
  • Trade with No. 4 Miami International Airport rose 67.08 percent to $18.05 million.
    Exports rose 48.21 percent to $14.22 million. Imports rose 217.01 percent to $3.83 million.
  • Trade with No. 5 Port of Houston rose 62.32 percent to $9.61 million.
    Exports rose 77.62 percent to $9.61 million. There were no imports.

Cayman Islands ranked No. 92 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 100.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Cayman Islands by value through February were the categories of Low value shipments; Motorboats and yachts; Gasoline, other fuels; Jewelry, parts; and Computers, respectively. They accounted for 51.53 percent of total exports to Cayman Islands.

The value of the top five categories of U.S. imports from Cayman Islands –– Cell phones, related equipment; Value added to a returned import; Computers; Salvage; and Compressors and pumps –– accounted for 92.75 percent of all inbound shipments.

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

  • Low value shipments rose 19.76 percent compared to last year to $36.68 million.
  • Motorboats and yachts rose 6958.06 percent compared to last year to $28.46 million.
  • Gasoline, other fuels fell 3.86 percent compared to last year to $20.51 million.
  • Jewelry, parts fell 40.1 percent compared to last year to $4.92 million.
  • Computers rose 241.89 percent compared to last year to $4.59 million.

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

  • Cell phones, related equipment rose 140.68 percent compared to last year to $2.57 million.
  • Value added to a returned import rose 10.43 percent compared to last year to $1.6 million.
  • Computers rose 73.96 percent compared to last year to $368,696.
  • Salvage rose 45.83 percent compared to last year to $169,043.
  • Compressors and pumps totaled $150,686. 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.