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Cayman Islands

Cayman Islands ranked No. 94 in total trade value through September with a total of $920.66 million. Exports totaled $890.38 million and Imports totaled $30.28 million, a surplus of $860.1 million.

January – September 2019

Top Trading Ports

Total Trade: $920.66 million

RankPortTotal YTD
1Port Everglades, Fla. $187,574,319
2Low-Valued Imports and Exports $158,284,118
3Port of Palm Beach, Fla. $138,037,764
4Anchorage International Airport, Alaska $133,220,667
5Miami International Airport $64,327,703
6Seattle-Tacoma International Airport $51,021,061
7Port of Mobile, Ala. $35,136,143
8Port of Houston $32,695,590
9Port Miami $23,076,506
10Port of Beaumont, Texas $15,589,008

U.S. trade with Cayman Islands rose to $920.66 million through September

Cayman Islands’s trade with the United States rose to $920.66 million through the first nine months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 47.41 percent above its total trade during the same time period last year. U.S. exports to Cayman Islands increased 48.52 percent while U.S. imports from Cayman Islands rose 20.84 percent. The U.S. surplus with Cayman Islands was $860.1 million.

Through September, 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 Anchorage International Airport, Alaska; and No. 5 Miami International Airport. During the same period the previous year, the top five 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 Port of Houston. In the current time period, the top five accounted for 74.02 percent of Cayman Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. rose 25.67 percent to $187.57 million.
    Exports rose 24.16 percent to $184.33 million. Imports rose 309.91 percent to $3.24 million.
  • Trade with No. 2 Low-Valued Imports and Exports rose 7.79 percent to $158.28 million.
    Exports rose 7.79 percent to $158.28 million. There were no imports.
  • Trade with No. 3 Port of Palm Beach, Fla. rose 47.08 percent to $138.04 million.
    Exports rose 48.57 percent to $137.58 million. Imports fell 63.56 percent to $455,388.
  • Trade with No. 4 Anchorage International Airport, Alaska rose 90544 percent to $133.22 million.
    Exports rose 352045 percent to $133.21 million. Imports fell 89.6 percent to $11,350.
  • Trade with No. 5 Miami International Airport fell 3.55 percent to $64.33 million.
    Exports fell 2.53 percent to $48.81 million. Imports fell 6.63 percent to $15.52 million.

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. 102.

Meanwhile, total U.S. trade with the world increased to $3.11 trillion, down 0.58 percent compared to the same period last year. The nation’s exports dropped 1.01 percent to $1.23 trillion; imports dropped 0.3 percent to $1.88 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 $647.62 billion, up compared to the same period of last year when the deficit was $640.85 billion.

The top five U.S. exports to Cayman Islands by value through September were the categories of Civilian aircraft, parts; Low value shipments; Gasoline, other fuels; Motorboats and yachts; and Jewelry, parts, respectively. They accounted for 58.36 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; Collectors items of historic or botanic interest; Salvage; and Copper waste and scrap –– accounted for 90.3 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 29842 percent compared to last year to $207.08 million.
  • Low value shipments rose 7.79 percent compared to last year to $158.28 million.
  • Gasoline, other fuels rose 11.68 percent compared to last year to $101.1 million.
  • Motorboats and yachts rose 847.14 percent compared to last year to $39.24 million.
  • Jewelry, parts fell 30.11 percent compared to last year to $13.9 million.

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

  • Value added to a returned import fell 27.74 percent compared to last year to $11.81 million.
  • Cell phones, related equipment rose 70.88 percent compared to last year to $7.22 million.
  • Collectors items of historic or botanic interest rose 89341 percent compared to last year to $7.2 million.
  • Salvage rose 3.45 percent compared to last year to $569,136.
  • Copper waste and scrap rose 11.21 percent compared to last year to $540,621.

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.

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