Cayman Islands

Cayman Islands ranked No. 97 in total trade value through March with a total of $220.52 million. Exports totaled $215.98 million and Imports totaled $4.54 million, a surplus of $211.44 million.

U.S. trade with Cayman Islands rose to $220.52 million through March

Cayman Islands’s trade with the United States rose to $220.52 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 32.84 percent below its total trade during the same time period last year. U.S. exports to Cayman Islands decreased 31.98 percent while U.S. imports from Cayman Islands fell 57.93 percent. The U.S. surplus with Cayman Islands was $211.44 million.

Through March, 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 Int’l Airport; and No. 5 Port of Mobile, Ala.. During the same period the previous year, the top five were No. 1 Port Everglades, Fla. No. 2 Port of Palm Beach, Fla. No. 3 Low-Valued Imports and Exports No. 4 Seattle-Tacoma International Airport and No. 5 Miami Int’l Airport. In the current time period, the top five accounted for 85.37 percent of Cayman Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. fell 7.59 percent to $65.05 million.
    Exports fell 5.34 percent to $64.35 million. Imports fell 71.19 percent to $694,678.
  • Trade with No. 2 Low-Valued Imports and Exports fell 9.57 percent to $49.47 million.
    Exports fell 9.57 percent to $49.47 million. There were no imports.
  • Trade with No. 3 Port of Palm Beach, Fla. fell 21.2 percent to $49.13 million.
    Exports fell 21.01 percent to $49.12 million. Imports fell 91.12 percent to $15,207.
  • Trade with No. 4 Miami Int’l Airport fell 52.14 percent to $15.84 million.
    Exports fell 49.67 percent to $13.17 million. Imports fell 61.46 percent to $2.68 million.
  • Trade with No. 5 Port of Mobile, Ala. fell 22.13 percent to $8.76 million.
    Exports fell 22.13 percent to $8.76 million. There were no imports.

Cayman Islands ranked No. 97 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 89.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 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 $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Cayman Islands by value through March were the categories of Low value shipments; Gasoline, other fuels; Motorboats and yachts; Jewelry, parts; and Passenger vehicles, respectively. They accounted for 43.59 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; Estimates of low-value imports; Copper waste and scrap; and Computer parts –– accounted for 88.39 percent of all inbound shipments.

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

  • Low value shipments fell 9.57 percent compared to last year to $49.47 million.
  • Gasoline, other fuels fell 51.92 percent compared to last year to $18.19 million.
  • Motorboats and yachts fell 56.69 percent compared to last year to $12.76 million.
  • Jewelry, parts rose 6.84 percent compared to last year to $7.62 million.
  • Passenger vehicles rose 40.24 percent compared to last year to $6.11 million.

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

  • Value added to a returned import fell 47.73 percent compared to last year to $2.62 million.
  • Cell phones, related equipment fell 80.25 percent compared to last year to $884,363.
  • Estimates of low-value imports fell 10.09 percent compared to last year to $205,884.
  • Copper waste and scrap rose 154.85 percent compared to last year to $187,456.
  • Computer parts totaled $108,178. The previous year, there were no imports in this category.

In the latest annual figures available, Cayman Islands recorded $1.18 billion in trade with the United States. Total U.S. exports to Cayman Islands were $ 1.13 billion and imports from Cayman Islands were $48.59 million. The U.S. surplus with Cayman Islands was $1.08 billion.