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Cayman Islands

Cayman Islands ranked No. 95 in total trade value through July with a total of $640.01 million. Exports totaled $610.79 million and Imports totaled $29.21 million, a surplus of $581.58 million.

January – July 2019

Top Trading Ports

Total Trade: $640.01 million

RankPortTotal YTD
1Port Everglades, Fla. $145,000,666
2Low-Valued Imports and Exports $125,928,885
3Port of Palm Beach, Fla. $112,941,559
4Miami International Airport $57,291,964
5Seattle-Tacoma International Airport $51,021,061
6Port of Mobile, Ala. $33,701,143
7Port of Houston $28,276,590
8Port Miami $17,688,313
9Port of Beaumont, Texas $15,589,008
10Port of Greater Baton Rouge, La. $12,650,913

U.S. trade with Cayman Islands rose to $640.01 million through July

Cayman Islands’s trade with the United States rose to $640.01 million through the first seven months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 31.07 percent above its total trade during the same time period last year. U.S. exports to Cayman Islands increased 30.52 percent while U.S. imports from Cayman Islands rose 43.7 percent. The U.S. surplus with Cayman Islands was $581.58 million.

Through July, 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 76.9 percent of Cayman Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. rose 28.55 percent to $145 million.
    Exports rose 26.62 percent to $141.95 million. Imports rose 340.54 percent to $3.05 million.
  • Trade with No. 2 Low-Valued Imports and Exports rose 10.01 percent to $125.93 million.
    Exports rose 10.01 percent to $125.93 million. There were no imports.
  • Trade with No. 3 Port of Palm Beach, Fla. rose 56.28 percent to $112.94 million.
    Exports rose 58.37 percent to $112.5 million. Imports fell 64.06 percent to $443,692.
  • Trade with No. 4 Miami International Airport rose 19.02 percent to $57.29 million.
    Exports rose 21.89 percent to $42.24 million. Imports rose 11.63 percent to $15.05 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. 95 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 $2.41 trillion, down 0.06 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $956.44 billion; imports climbed 0.38 percent to $1.45 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 $498.31 billion, up compared to the same period of last year when the deficit was $485.95 billion.

The top five U.S. exports to Cayman Islands by value through July were the categories of Low value shipments; Gasoline, other fuels; Civilian aircraft, parts; Motorboats and yachts; and Jewelry, parts, respectively. They accounted for 53.06 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; Miscellaneous machine parts; and Gold –– accounted for 91.2 percent of all inbound shipments.

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

  • Low value shipments rose 10.01 percent compared to last year to $125.93 million.
  • Gasoline, other fuels rose 17.48 percent compared to last year to $89.37 million.
  • Civilian aircraft, parts rose 11416 percent compared to last year to $65.23 million.
  • Motorboats and yachts rose 852.83 percent compared to last year to $31.47 million.
  • Jewelry, parts fell 20.97 percent compared to last year to $12.08 million.

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

  • Value added to a returned import fell 21.89 percent compared to last year to $11.27 million.
  • Cell phones, related equipment rose 177.99 percent compared to last year to $7.2 million.
  • Collectors items of historic or botanic interest rose 89341 percent compared to last year to $7.2 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.