US trade with the Cayman Islands in the 1st quarter of 2017

Published or Updated: Jul 21, 2017

The report on US foreign trade in goods with the Cayman Islands in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with the Cayman Islands

In the 1st quarter of 2017, US trade with the Cayman Islands was $178.4 million, down 14.53% ($30.3 million) from the 1st quarter of 2016.

US exports to the Cayman Islands in the 1st quarter of 2017 were $172.3 million, down 2.75% ($4.9 million) from the 1st quarter of 2016.

US imports from the Cayman Islands in the 1st quarter of 2017 were $6.1 million, down 80.61% ($25.5 million) from the 1st quarter of 2016.

US trade surplus with the Cayman Islands in the 1st quarter of 2017 was $166.1 million, a 14.14% increase ($20.6 million) over the 1st quarter of 2016.

The Cayman Islands was the US 101st largest trading partner in the 1st quarter of 2017 (down from 98th in the 1st quarter of 2016), accounting for 0.0190% of US total trade (down from 0.0239% in the 1st quarter of 2016).

The Cayman Islands was the US 84th largest export market in the 1st quarter of 2017 (down from 82nd in the 1st quarter of 2016), accounting for 0.0462% of US total exports (down from 0.0510% in the 1st quarter of 2016).

The Cayman Islands was the US 150th largest supplier in the 1st quarter of 2017 (down from 113th in the 1st quarter of 2016), accounting for 0.0011% of US total imports (down from 0.0060% in the 1st quarter of 2016).

US Exports to the Cayman Islands

The major share of US exports to the Cayman Islands in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 19.37% of US total exports to the Cayman Islands (20.29% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 15.51% of US total exports to the Cayman Islands (5.19% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 12.06% of US total exports to the Cayman Islands (10.76% in the 1st quarter of 2016);
  • Precious metals and stones (HS code 71) - 5.69% of US total exports to the Cayman Islands (21.19% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 5.00% of US total exports to the Cayman Islands (6.44% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 4.50% of US total exports to the Cayman Islands (3.54% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 3.16% of US total exports to the Cayman Islands (2.89% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.87% of US total exports to the Cayman Islands (1.23% in the 1st quarter of 2016).

The largest gains in US exports to the Cayman Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $17.1 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $1.4 million;
  • Articles of iron or steel (HS code 73) - an increase of $0.9 million;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $0.9 million.

The largest declines in US exports to the Cayman Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $27.7 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $3.6 million;
  • Organic chemicals (HS code 29) - a decrease of $1.7 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $1.0 million;
  • Ships, boats and floating structures (HS code 89) - a decrease of $0.7 million;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - a decrease of $0.6 million;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $0.5 million;
  • Glass and glassware (HS code 70) - a decrease of $0.5 million.
US exports to the Cayman Islands in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 43.4 0.03 27.060.54
02 Meat and edible meat offal 3,891.7 2.26 4,021.7-3.23
03 Fish and crustaceans, molluscs and other aquatic invertebrates 910.4 0.53 984.4-7.52
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,136.6 0.66 1,053.07.94
05 Products of animal origin, not elsewhere specified or included 15.0 0.01 3.1388.07
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 179.1 0.10 199.8-10.37
07 Edible vegetables and certain roots and tubers 1,350.5 0.78 1,432.2-5.71
08 Edible fruit and nuts; peel of citrus fruit or melons 814.2 0.47 1,028.0-20.80
09 Coffee, tea, maté and spices 326.1 0.19 278.417.13
10 Cereals 430.6 0.25 271.558.61
11 Products of the milling industry; malt; starches; inulin; wheat gluten 84.6 0.05 75.611.91
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 53.4 0.03 68.8-22.35
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 3.8 0.00 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 248.2 0.14 168.946.97
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 1,384.7 0.80 882.456.92
17 Sugars and sugar confectionery 275.8 0.16 260.75.78
18 Cocoa and cocoa preparations 138.4 0.08 119.116.17
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,908.5 1.11 1,413.934.98
20 Preparations of vegetables, fruit, nuts or other parts of plants 1,038.9 0.60 833.724.62
21 Miscellaneous edible preparations 1,377.4 0.80 960.943.34
22 Beverages, spirits and vinegar 4,124.8 2.39 4,103.50.52
23 Residues and waste from the food industries; prepared animal feed 1,014.9 0.59 848.819.57
24 Tobacco and manufactured tobacco substitutes 26.6 0.02 26.9-1.29
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 925.6 0.54 460.1101.17
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 25,798.4 14.98 8,741.8195.11
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 207.6 0.12 58.9252.51
29 Organic chemicals 174.5 0.10 1,880.9-90.72
30 Pharmaceutical products 757.1 0.44 884.2-14.37
31 Fertilizers 136.9 0.08 149.4-8.39
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 1,234.2 0.72 1,128.59.37
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 1,729.0 1.00 2,278.8-24.13
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 639.7 0.37 715.8-10.64
35 Albuminoidal substances; modified starches; glues; enzymes 50.9 0.03 42.120.82
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 23.0 0.01 36.0-36.26
37 Photographic or cinematographic goods 4.4 0.00 4.16.41
38 Miscellaneous chemical products 1,006.4 0.58 1,414.5-28.85
39 Plastics and articles thereof 2,311.8 1.34 2,116.49.23
40 Rubber and articles thereof 346.3 0.20 700.9-50.59
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1,164.1 0.68 781.049.06
43 Furskins and artificial fur; manufactures thereof 3.2 0.00 0.0
44 Wood and articles of wood; wood charcoal 3,708.4 2.15 3,701.90.17
45 Cork and articles of cork 12.4 0.01 26.8-53.84
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 29.8 0.02 9.4216.00
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 0.0 0.00 6.5-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,349.3 0.78 1,073.325.71
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 340.4 0.20 303.412.19
52 Cotton 0.0 0.00 11.1-100.00
54 Man-made filaments 2.8 0.00 0.0
55 Man-made staple fibers 4.1 0.00 16.6-75.37
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 26.1 0.02 122.0-78.58
57 Carpets and other textile floor coverings 308.3 0.18 171.180.20
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 16.3 0.01 8.786.30
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 37.0 0.02 46.7-20.80
60 Knitted or crocheted fabrics 38.7 0.02 17.7118.50
61 Articles of apparel and clothing accessories, knitted or crocheted 910.2 0.53 415.3119.14
62 Articles of apparel and clothing accessories, not knitted or crocheted 401.8 0.23 590.9-32.01
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 886.4 0.51 486.382.25
64 Footwear, gaiters and the like; parts of such articles 453.9 0.26 205.4121.05
65 Headgear and parts thereof 96.3 0.06 32.9192.88
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 28.1 0.02 18.055.88
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 19.4 0.01 27.3-29.12
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 849.6 0.49 1,415.4-39.98
69 Ceramic products 649.6 0.38 682.6-4.83
70 Glass and glassware 858.7 0.50 1,400.5-38.69
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 9,800.5 5.69 37,531.2-73.89
72 Iron and steel 851.6 0.49 1,019.0-16.43
73 Articles of iron or steel 2,843.2 1.65 1,895.550.00
74 Copper and articles thereof 782.2 0.45 282.9176.52
75 Nickel and articles thereof 4.5 0.00 5.7-21.05
76 Aluminum and articles thereof 1,942.9 1.13 1,570.223.73
78 Lead and articles thereof 6.3 0.00 4.152.17
79 Zinc and articles thereof 47.4 0.03 22.5110.28
80 Tin and articles thereof 21.5 0.01 3.7487.63
81 Other base metals; cermets; articles thereof 37.7 0.02 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 183.0 0.11 205.6-10.99
83 Miscellaneous articles of base metal 1,024.5 0.59 1,252.9-18.23
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 11,107.4 6.45 9,694.914.57
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 10,719.6 6.22 9,863.98.67
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 43.4 0.03 6.1616.13
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 6,580.4 3.82 7,566.4-13.03
88 Aircraft, spacecraft, and parts thereof 455.8 0.26 100.3354.25
89 Ships, boats and floating structures 1,779.2 1.03 2,434.9-26.93
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 2,682.9 1.56 6,275.8-57.25
91 Clocks and watches and parts thereof 1,883.5 1.09 1,757.37.18
92 Musical instruments; parts and accessories of such articles 114.6 0.07 10.5992.08
93 Arms and ammunition; parts and accessories thereof 33.4 0.02 26.625.56
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 6,664.8 3.87 6,369.04.65
95 Toys, games and sports requisites; parts and accessories thereof 1,176.7 0.68 676.373.98
96 Miscellaneous manufactured articles 236.2 0.14 234.70.61
97 Works of art, collectors’ pieces and antiques 105.4 0.06 31.3236.88

US Imports from the Cayman Islands

The major share of US imports from the Cayman Islands in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 34.77% of US total imports from the Cayman Islands (0.18% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 3.85% of US total imports from the Cayman Islands (0.45% in the 1st quarter of 2016);
  • Precious metals and stones (HS code 71) - 0.90% of US total imports from the Cayman Islands (92.32% in the 1st quarter of 2016).

The largest gains in US imports from the Cayman Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $1.3 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.7 million;
  • Copper and articles thereof (HS code 74) - an increase of $0.1 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $0.1 million;
  • Aluminum and articles thereof (HS code 76) - an increase of $0.0 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $0.0 million;
  • Lead and articles thereof (HS code 78) - an increase of $0.0 million.

The largest declines in US imports from the Cayman Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $29.1 million;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - a decrease of $0.2 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $0.1 million;
  • Clocks and watches and parts thereof (HS code 91) - a decrease of $0.0 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.0 million;
  • Miscellaneous chemical products (HS code 38) - a decrease of $0.0 million.
US imports from the Cayman Islands in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0.0 0.00 67.8-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0.0 0.00 7.3-100.00
38 Miscellaneous chemical products 0.0 0.00 18.9-100.00
39 Plastics and articles thereof 8.7 0.14 7.122.82
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 0.0 0.00 5.0-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 0.4-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 2.1-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.9 0.01 2.0-54.64
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 55.1 0.90 29,155.7-99.81
73 Articles of iron or steel 0.0 0.00 6.2-100.00
74 Copper and articles thereof 106.4 1.74 48.0121.54
76 Aluminum and articles thereof 91.1 1.49 67.135.77
78 Lead and articles thereof 38.4 0.63 18.4108.95
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 2.5-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 689.2 11.25 7.88,691.99
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 1,360.5 22.22 50.22,612.47
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 57.8 0.94 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 21.7 0.36 0.0
91 Clocks and watches and parts thereof 0.0 0.00 39.7-100.00
92 Musical instruments; parts and accessories of such articles 3.0 0.05 0.0
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 0.0 0.00 170.1-100.00
97 Works of art, collectors’ pieces and antiques 41.9 0.68 77.5-45.97
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce