flag Cayman Islands Cayman Islands: Trade Profile

Foreign Trade in Figures

The Cayman Islands are very open to international trade (106.6% of GDP, World Bank – latest data available), on which they are also heavily dependent, especially regarding the imports of consumer goods as well as tourism and financial activities. The Cayman Islands are not a member of the WTO. In 2021, the country’s main exports were electrical machinery and equipment (42.4%), iron and steel (9.5%), optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus (6%), and copper (5.3%); whereas imports were driven by mineral fuels (10.1%), vehicles (7.6%), machinery (7.5%), plastics (6.4%), and electrical machinery and equipment (5.9% - data ITC 2021).

For 2021, the U.S. were by far the largest import partner, accounting for 81.5% of total imports, followed by Jamaica (3.4%), the UK (2.5%), Mexico, and Japan (1.3% each). The U.S. were also the main destination for the islands’ exports (more than three-quarters of the total), ahead of the UK and Jamaica (data ITC).

The country has a structural trade deficit. According to data by the national Economic and Statistics Office, the total value of goods imported for 2021 increased by 15% to reach USD 1,281.9 million (of which 22.4% comprised machinery and transport equipment); whereas exports of merchandise stood at USD 14.3 million (-19.6% year-on-year). Therefore, the trade deficit expanded by USD 170,4 million, moving from USD 1,097.3 million in 2020 to 1,267.7 million in 2021. Preliminary figures show that in the first nine months of 2022, Mauritius imported USD 1,105 million worth of goods (+20% vis-à-vis the same period one year earlier).


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Main Services

Source: United Nations Statistics Division, Latest Available Data

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List of tariffs and local taxes that apply to your product on our service Customs duties


Trade Compliance

International Economic Cooperation
The Cayman Islands do not belong to any customs union but are an associate member of the Carribean Community Single Market (CARICOM).
Useful Resources
Cayman Islands Customs (en anglais)
National Organisation of Intellectual Property
Company Registry

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Latest Update: November 2023

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