US trade with the Cayman Islands in the 2nd quarter of 2017

Published or Updated: Sep 07, 2017

The report on US foreign trade in goods with the Cayman Islands in the 2nd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with the Cayman Islands

In the 2nd quarter of 2017, US trade with the Cayman Islands totaled $324.8 million, up 43.50% ($98.5 million) from the 2nd quarter of 2016.

US exports to the Cayman Islands in the 2nd quarter of 2017 totaled $319.9 million, up 60.13% ($120.1 million) from the 2nd quarter of 2016.

US imports from the Cayman Islands in the 2nd quarter of 2017 were $4.9 million, down 81.49% ($21.7 million) from the 2nd quarter of 2016.

US trade surplus with the Cayman Islands in the 2nd quarter of 2017 was $315.0 million, a 81.87% increase ($141.8 million) over the 2nd quarter of 2016.

The Cayman Islands was the US 87th largest trading partner in the 2nd quarter of 2017 (up from 100th in the 2nd quarter of 2016), accounting for 0.0329% of US total trade (up from 0.0245% in the 2nd quarter of 2016).

The Cayman Islands was the US 71st largest export market in the 2nd quarter of 2017 (up from 84th in the 2nd quarter of 2016), accounting for 0.0832% of US total exports (up from 0.0550% in the 2nd quarter of 2016).

The Cayman Islands was the US 152nd largest supplier in the 2nd quarter of 2017 (down from 119th in the 2nd quarter of 2016), accounting for 0.0008% of US total imports (down from 0.0047% in the 2nd quarter of 2016).

US Exports to the Cayman Islands

The major share of US exports to the Cayman Islands in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 44.56% of US total exports to the Cayman Islands (17.92% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 10.50% of US total exports to the Cayman Islands (16.21% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.02% of US total exports to the Cayman Islands (8.81% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 3.04% of US total exports to the Cayman Islands (5.34% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.22% of US total exports to the Cayman Islands (4.24% in the 2nd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 1.60% of US total exports to the Cayman Islands (3.41% in the 2nd quarter of 2016);
  • Precious metals and stones (HS code 71) - 1.09% of US total exports to the Cayman Islands (13.67% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.94% of US total exports to the Cayman Islands (1.31% in the 2nd quarter of 2016).

The largest gains in US exports to the Cayman Islands in the 2nd quarter of 2017 over the 2nd 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 $106.8 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $2.5 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $1.1 million.

The largest declines in US exports to the Cayman Islands in the 2nd quarter of 2017 over the 2nd 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 $23.8 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) - a decrease of $1.5 million;
  • Miscellaneous chemical products (HS code 38) - a decrease of $1.3 million.
US exports to the Cayman Islands in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q2 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
01 Live animals 0.0 0.00 149.0-100.00
02 Meat and edible meat offal 3,735.7 1.17 3,396.59.98
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,023.8 0.32 608.268.34
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,001.1 0.31 752.932.97
05 Products of animal origin, not elsewhere specified or included 5.4 0.00 3.364.24
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 464.6 0.15 471.7-1.51
07 Edible vegetables and certain roots and tubers 1,368.5 0.43 1,077.527.00
08 Edible fruit and nuts; peel of citrus fruit or melons 1,041.8 0.33 1,081.0-3.63
09 Coffee, tea, maté and spices 390.8 0.12 416.1-6.07
10 Cereals 536.8 0.17 411.630.41
11 Products of the milling industry; malt; starches; inulin; wheat gluten 66.3 0.02 70.5-6.01
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 112.2 0.04 12.7782.84
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 10.8 0.00 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 197.7 0.06 168.517.32
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 1,042.9 0.33 975.66.90
17 Sugars and sugar confectionery 387.8 0.12 203.690.51
18 Cocoa and cocoa preparations 85.1 0.03 79.66.80
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,664.7 0.52 1,757.3-5.27
20 Preparations of vegetables, fruit, nuts or other parts of plants 790.3 0.25 895.1-11.71
21 Miscellaneous edible preparations 991.9 0.31 772.628.38
22 Beverages, spirits and vinegar 3,317.2 1.04 3,416.9-2.92
23 Residues and waste from the food industries; prepared animal feed 1,025.1 0.32 863.418.73
24 Tobacco and manufactured tobacco substitutes 4.6 0.00 12.6-63.64
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 419.1 0.13 490.9-14.63
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 142,149.3 44.43 35,321.5302.44
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 208.0 0.07 179.216.10
29 Organic chemicals 303.9 0.09 179.569.32
30 Pharmaceutical products 1,086.2 0.34 971.411.81
31 Fertilizers 195.4 0.06 245.6-20.41
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 1,096.7 0.34 1,039.65.49
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 1,489.5 0.47 1,897.8-21.52
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 620.3 0.19 695.5-10.82
35 Albuminoidal substances; modified starches; glues; enzymes 43.4 0.01 99.2-56.25
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 15.0 0.00 0.0
37 Photographic or cinematographic goods 6.7 0.00 31.3-78.68
38 Miscellaneous chemical products 1,230.7 0.38 2,497.0-50.71
39 Plastics and articles thereof 2,931.7 0.92 2,266.829.33
40 Rubber and articles thereof 503.3 0.16 563.8-10.74
41 Raw hides and skins (other than furskins) and leather 10.6 0.00 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 626.1 0.20 396.657.86
43 Furskins and artificial fur; manufactures thereof 0.0 0.00 8.5-100.00
44 Wood and articles of wood; wood charcoal 2,971.1 0.93 3,910.8-24.03
45 Cork and articles of cork 2.6 0.00 6.9-61.64
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 0.0 0.00 2.9-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,652.3 0.52 1,461.513.05
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 508.4 0.16 1,423.7-64.29
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 0.0 0.00 4.6-100.00
54 Man-made filaments 9.3 0.00 5.859.03
55 Man-made staple fibers 8.8 0.00 19.8-55.40
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 33.6 0.01 15.8113.19
57 Carpets and other textile floor coverings 397.4 0.12 414.4-4.09
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 7.5 0.00 4.471.19
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 39.6 0.01 16.9134.35
60 Knitted or crocheted fabrics 7.6 0.00 16.6-54.06
61 Articles of apparel and clothing accessories, knitted or crocheted 569.4 0.18 573.1-0.65
62 Articles of apparel and clothing accessories, not knitted or crocheted 393.3 0.12 332.118.43
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,083.5 0.34 843.828.41
64 Footwear, gaiters and the like; parts of such articles 204.1 0.06 261.3-21.87
65 Headgear and parts thereof 171.0 0.05 64.0167.08
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 33.6 0.01 35.9-6.42
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 34.2 0.01 18.683.52
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 1,074.5 0.34 1,421.7-24.42
69 Ceramic products 1,009.7 0.32 620.862.65
70 Glass and glassware 1,235.9 0.39 2,022.0-38.88
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 3,498.4 1.09 27,310.8-87.19
72 Iron and steel 790.2 0.25 685.415.30
73 Articles of iron or steel 2,085.1 0.65 2,408.4-13.42
74 Copper and articles thereof 398.5 0.12 488.6-18.45
75 Nickel and articles thereof 7.0 0.00 0.0
76 Aluminum and articles thereof 1,616.5 0.51 2,427.9-33.42
78 Lead and articles thereof 44.0 0.01 65.0-32.37
79 Zinc and articles thereof 45.9 0.01 4.11,018.95
80 Tin and articles thereof 14.9 0.00 18.3-18.40
81 Other base metals; cermets; articles thereof 121.0 0.04 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 208.6 0.07 316.5-34.07
83 Miscellaneous articles of base metal 1,767.4 0.55 2,050.6-13.81
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 12,494.3 3.91 13,129.9-4.84
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 8,756.9 2.74 10,249.4-14.56
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 39.1 0.01 53.2-26.50
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 7,207.5 2.25 4,717.252.79
88 Aircraft, spacecraft, and parts thereof 180.2 0.06 47.5279.28
89 Ships, boats and floating structures 1,999.4 0.62 927.5115.56
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 2,907.2 0.91 3,266.2-10.99
91 Clocks and watches and parts thereof 1,162.6 0.36 1,456.9-20.20
92 Musical instruments; parts and accessories of such articles 149.8 0.05 67.0123.59
93 Arms and ammunition; parts and accessories thereof 70.6 0.02 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 5,441.1 1.70 5,528.6-1.58
95 Toys, games and sports requisites; parts and accessories thereof 1,559.7 0.49 815.191.35
96 Miscellaneous manufactured articles 257.8 0.08 310.8-17.04
97 Works of art, collectors’ pieces and antiques 164.6 0.05 58.2182.68

US Imports from the Cayman Islands

The major share of US imports from the Cayman Islands in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 31.83% of US total imports from the Cayman Islands (1.64% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 6.58% of US total imports from the Cayman Islands (0.71% in the 2nd quarter of 2016);
  • Precious metals and stones (HS code 71) - 3.61% of US total imports from the Cayman Islands (86.65% in the 2nd quarter of 2016).

The largest gains in US imports from the Cayman Islands in the 2nd quarter of 2017 over the 2nd 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 $1.0 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $0.3 million;
  • Clocks and watches and parts thereof (HS code 91) - an increase of $0.2 million;
  • Iron and steel (HS code 72) - an increase of $0.1 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $0.1 million;
  • Copper and articles thereof (HS code 74) - an increase of $0.0 million.

The largest declines in US imports from the Cayman Islands in the 2nd quarter of 2017 over the 2nd 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 $22.9 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 $0.5 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $0.2 million;
  • Live animals (HS code 01) - a decrease of $0.1 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $0.1 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $0.1 million;
  • Articles of iron or steel (HS code 73) - a decrease of $0.0 million;
  • Aluminum and articles thereof (HS code 76) - a decrease of $0.0 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.0 million.
US imports from the Cayman Islands in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q2 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
01 Live animals 0.0 0.00 78.5-100.00
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 8.3 0.17 0.0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0.0 0.00 56.6-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 4.3-100.00
30 Pharmaceutical products 3.7 0.08 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 0.0 0.00 6.7-100.00
39 Plastics and articles thereof 0.0 0.00 55.7-100.00
40 Rubber and articles thereof 0.0 0.00 0.5-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 2.9 0.06 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.9 0.02 0.0
69 Ceramic products 9.0 0.18 0.0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 177.7 3.61 23,038.1-99.23
72 Iron and steel 139.2 2.83 0.0
73 Articles of iron or steel 0.0 0.00 28.8-100.00
74 Copper and articles thereof 83.8 1.70 43.493.05
76 Aluminum and articles thereof 61.6 1.25 80.5-23.50
78 Lead and articles thereof 39.5 0.80 32.919.95
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 112.2 2.28 338.5-66.85
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 1,055.7 21.45 65.81,504.11
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 312.2 6.34 0.0
89 Ships, boats and floating structures 0.0 0.00 3.9-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 86.5 1.76 28.8199.88
91 Clocks and watches and parts thereof 157.6 3.20 3.93,902.34
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 0.00 469.6-100.00
95 Toys, games and sports requisites; parts and accessories thereof 5.5 0.11 0.0
97 Works of art, collectors’ pieces and antiques 13.6 0.28 32.2-57.75
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce