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How dependent is the European Union on the Cayman Islands?

In 2024, the Cayman Islands sold $2.1 billion to the European Union, 0.07% of its imports from outside the EU, ranking 67th among its suppliers. Its share was 0.06% in 2019 and 0.01% in 1995. In 1 product it sells more than 50% of what the European Union buys of them (in 0, more than 75%); what the European Union buys from the Cayman Islands in those products (dominated value) adds up to $2 billion, 0.07% of its imports from outside the EU.

Summary

Share of its imports (outside the EU)
0.1%
Value imported
$2.1billion
Rank among its suppliers
67th
Products where it sells over 50%
1
Products where it sells over 75%
0
Dominated value
$2billion
Share of total imports (outside the EU)
0.1%

Trend

Trend in shares

The Cayman Islands went from 0.01% to 0.07% of what the European Union buys from outside the EU

Share (%)

  • Cayman Islands 0.07%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
1995540.01%122
19961040.01%110
1997860.01%119
1998600.01%135
19991690.02%104
20001020.01%119
20011170.01%116
20021750.02%108
20036510.06%68
20045790.04%77
20056500.04%78
20061,9850.11%58
20071240.01%136
20082670.01%115
20091520.01%125
20101,0380.05%71
20111,1620.05%75
20123580.02%105
20134030.02%103
20143390.02%109
20155100.03%95
20161,4750.08%67
20175670.03%91
20189670.04%81
20191,4130.06%68
20201,7140.09%60
20212,1750.08%60
20222920.01%116
20231,8130.06%69
20242,0750.07%67

Products where the Cayman Islands sells more than half

ProductSupplierShareSecondValue
Yachts and pleasure boatsCayman Islands54.5%United Kingdom · 13.2%$2 billion

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from the Cayman Islands

The European Union is the Cayman Islands’ 1st-largest customer, with 88.5% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.