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Trade between the Cayman Islands and Germany

In 2024, the Cayman Islands exported $24 million to Germany and imported $1.5 billion. The Cayman Islands ran a deficit of $1.5 billion with Germany, compared with a deficit of $72 million in 2019. Germany was the Cayman Islands’ 2nd largest trading partner (17% of its trade), and the Cayman Islands was Germany’s 78th (0.1%).

Summary

Cayman Islands → Germany
$24million
Germany → Cayman Islands
$1.5billion
The Cayman Islands’ balance
-$1.5billion

Balance

The Cayman Islands’ trade balance with Germany

Trade between the Cayman Islands and Germany grew 116.6-fold since 1995

USD billions (current). The Cayman Islands’ exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0
  • Imports 1.5
  • Balance -1.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$436 thousand$13 million-$12 million
1996$635 thousand$5 million-$5 million
1997$1 thousand$2 million-$2 million
1998$33 thousand$11 million-$11 million
1999$53 thousand$100 million-$100 million
2000$1 million$7 million-$6 million
2001$630 thousand$5 million-$5 million
2002$658 thousand$6 million-$5 million
2003$2 million$6 million-$4 million
2004$17 million$11 million$6 million
2005$883 thousand$59 million-$58 million
2006$693 million$165 million$528 million
2007$137 thousand$147 million-$147 million
2008$65 thousand$827 million-$827 million
2009$809 thousand$177 million-$176 million
2010$2 thousand$540 million-$540 million
2011$312 million$155 million$157 million
2012$136 million$55 million$81 million
2013$277 million$320 million-$43 million
2014$7 million$228 million-$221 million
2015$108 thousand$14 million-$14 million
2016$1 million$833 million-$832 million
2017$1 million$720 million-$719 million
2018$343 thousand$767 million-$767 million
2019$5 million$77 million-$72 million
2020$382 thousand$268 million-$268 million
2021$732 thousand$416 million-$415 million
2022$843 thousand$137 million-$136 million
2023$75 million$1 billion-$926 million
2024$24 million$1.5 billion-$1.5 billion

What they sell each other

What the Cayman Islands sells to Germany

The top 10 headings in 2024, with their share of the total.

  1. Cargo and cruise ships$21 million · 88.6%
    10 thousand tonnes · Germany’s sources
  2. Yachts and pleasure boats$2 million · 7.7%
    15 tonnes
  3. Furniture$291 thousand · 1.2%
    6 tonnes · Germany’s sources
  4. Spirits$193 thousand · 0.8%
    17 tonnes
  5. Other wood articles$123 thousand · 0.51%
    6 tonnes
  6. 3D printers$105 thousand · 0.43%
    2 tonnes
  7. Mattresses, pillows and quilts$40 thousand · 0.17%
  8. Jewelry$29 thousand · 0.12%
    Germany’s sources
  9. Synthetic staple fiber fabric$21 thousand · 0.09%
  10. Motorcycles$21 thousand · 0.09%
    1 tonne · Germany’s sources

What Germany sells to the Cayman Islands

The top 10 headings in 2024, with their share of the total.

  1. Yachts and pleasure boats$1.5 billion · 97.5%
    13 thousand tonnes
  2. Engine parts$7 million · 0.44%
    199 tonnes
  3. Cars$4 million · 0.29%
    218 tonnes · Germany’s destinations
  4. Furniture$2 million · 0.14%
    185 tonnes · Germany’s destinations
  5. Warships and other vessels$2 million · 0.12%
    11 tonnes
  6. Monitors and projectors$2 million · 0.11%
    6 tonnes
  7. Seats and chairs$2 million · 0.1%
    10 tonnes
  8. Sculptures$1 million · 0.09%
  9. Liquid pumps$988 thousand · 0.07%
    8 tonnes
  10. Jewelry$940 thousand · 0.06%

How it travels

The Cayman Islands and Germany traded $1.5 billion in 2024 (both directions together). They trade mostly by air: 97% of the value travels by plane.

Split by transport mode

  1. Sea$41 million · 2.7%
  2. Air$1.5 billion · 97.3%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Germany was the Cayman Islands’ 2nd largest trading partner (17% of its trade), and the Cayman Islands was Germany’s 78th (0.1%).

Germany in the Cayman Islands’ trade
16.7%
Germany’s rank among the Cayman Islands’ partners
2nd
The Cayman Islands in Germany’s trade
0.1%
The Cayman Islands’ rank among Germany’s partners
78th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.