US trade with the Cayman Islands in the 3rd quarter of 2017

Published or Updated: Mar 28, 2018

The report on US foreign trade in goods with the Cayman Islands in the 3rd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with the Cayman Islands

In the 3rd quarter of 2017, US trade with the Cayman Islands was $194.0 million, down 6.34% ($13.1 million) from the 3rd quarter of 2016.

US exports to the Cayman Islands in the 3rd quarter of 2017 were $183.0 million, down 0.62% ($1.1 million) from the 3rd quarter of 2016.

US imports from the Cayman Islands in the 3rd quarter of 2017 were $11.0 million, down 52.20% ($12.0 million) from the 3rd quarter of 2016.

US trade surplus with the Cayman Islands in the 3rd quarter of 2017 was $172.0 million, a 6.72% increase ($10.8 million) over the 3rd quarter of 2016.

The Cayman Islands was the US 97th largest trading partner in the 3rd quarter of 2017 (up from 99th in the 3rd quarter of 2016), accounting for 0.0197% of US total trade (down from 0.0253% in the 3rd quarter of 2016).

The Cayman Islands was the US 83rd largest export market in the 3rd quarter of 2017 (down from 81st in the 3rd quarter of 2016), accounting for 0.0480% of US total exports (down from 0.0531% in the 3rd quarter of 2016).

The Cayman Islands was the US 145th largest supplier in the 3rd quarter of 2017 (down from 123rd in the 3rd quarter of 2016), accounting for 0.0018% of US total imports (down from 0.0049% in the 3rd quarter of 2016).

US Exports to the Cayman Islands

The major share of US exports to the Cayman Islands in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 19.76% of US total exports to the Cayman Islands (18.56% in the 3rd quarter of 2016);
  • Mineral products (HS codes 25-27) - 19.49% of US total exports to the Cayman Islands (13.85% in the 3rd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 9.79% of US total exports to the Cayman Islands (9.43% in the 3rd quarter of 2016);
  • Precious metals and stones (HS code 71) - 5.48% of US total exports to the Cayman Islands (10.79% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 4.96% of US total exports to the Cayman Islands (6.63% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 4.43% of US total exports to the Cayman Islands (4.78% in the 3rd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 2.66% of US total exports to the Cayman Islands (3.14% in the 3rd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.25% of US total exports to the Cayman Islands (1.56% in the 3rd quarter of 2016).

The largest gains in US exports to the Cayman Islands in the 3rd quarter of 2017 over the 3rd 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 $10.1 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $2.3 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $2.1 million;
  • Miscellaneous articles of base metal (HS code 83) - an increase of $0.6 million.

The largest declines in US exports to the Cayman Islands in the 3rd quarter of 2017 over the 3rd 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 $9.8 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 $1.2 million;
  • Aluminum and articles thereof (HS code 76) - a decrease of $1.1 million;
  • Miscellaneous chemical products (HS code 38) - a decrease of $1.1 million;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $1.1 million;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $0.9 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $0.8 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 $0.8 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $0.7 million;
  • Pharmaceutical products (HS code 30) - a decrease of $0.6 million.
US exports to the Cayman Islands in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q3 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
02 Meat and edible meat offal 3,847.0 2.10 3,787.51.57
03 Fish and crustaceans, molluscs and other aquatic invertebrates 676.1 0.37 550.522.81
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,063.8 0.58 756.440.63
05 Products of animal origin, not elsewhere specified or included 5.1 0.00 0.0
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 390.5 0.21 343.613.65
07 Edible vegetables and certain roots and tubers 1,317.5 0.72 1,368.4-3.72
08 Edible fruit and nuts; peel of citrus fruit or melons 778.1 0.43 822.9-5.44
09 Coffee, tea, maté and spices 292.0 0.16 393.3-25.76
10 Cereals 437.4 0.24 311.540.41
11 Products of the milling industry; malt; starches; inulin; wheat gluten 76.3 0.04 69.010.60
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 27.4 0.01 88.7-69.09
13 Lac; gums, resins and other vegetable saps and extracts 135.0 0.07 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 206.5 0.11 181.713.62
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 1,099.4 0.60 1,181.7-6.97
17 Sugars and sugar confectionery 318.3 0.17 353.2-9.88
18 Cocoa and cocoa preparations 49.3 0.03 134.6-63.37
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,566.9 0.86 1,631.6-3.96
20 Preparations of vegetables, fruit, nuts or other parts of plants 804.1 0.44 774.63.80
21 Miscellaneous edible preparations 948.9 0.52 782.721.24
22 Beverages, spirits and vinegar 2,836.3 1.55 2,766.62.52
23 Residues and waste from the food industries; prepared animal feed 1,030.3 0.56 1,013.91.61
24 Tobacco and manufactured tobacco substitutes 14.7 0.01 57.5-74.39
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 562.9 0.31 525.57.12
26 Ores, slag and ash 0.0 0.00 3.3-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 35,099.0 19.18 24,986.240.47
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 110.3 0.06 324.9-66.05
29 Organic chemicals 102.9 0.06 233.2-55.88
30 Pharmaceutical products 806.7 0.44 1,407.2-42.67
31 Fertilizers 230.7 0.13 181.327.27
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 1,262.5 0.69 1,497.8-15.71
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 1,529.2 0.84 2,645.1-42.19
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 651.7 0.36 600.28.58
35 Albuminoidal substances; modified starches; glues; enzymes 74.0 0.04 59.624.18
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 17.1 0.01 41.4-58.77
37 Photographic or cinematographic goods 6.9 0.00 14.9-53.47
38 Miscellaneous chemical products 1,273.9 0.70 2,417.0-47.29
39 Plastics and articles thereof 2,511.7 1.37 2,291.29.63
40 Rubber and articles thereof 500.5 0.27 491.01.93
41 Raw hides and skins (other than furskins) and leather 2.8 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) 520.7 0.28 412.326.29
44 Wood and articles of wood; wood charcoal 2,890.6 1.58 3,828.0-24.49
45 Cork and articles of cork 0.0 0.00 4.3-100.00
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 4.0 0.00 42.9-90.75
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,339.8 0.73 1,163.315.17
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 641.2 0.35 745.7-14.02
52 Cotton 0.0 0.00 2.6-100.00
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 3.5 0.00 0.0
54 Man-made filaments 0.0 0.00 10.0-100.00
55 Man-made staple fibers 0.0 0.00 8.4-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 58.8 0.03 87.5-32.85
57 Carpets and other textile floor coverings 435.0 0.24 346.425.55
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 3.1 0.00 16.8-81.75
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 33.8 0.02 34.8-2.98
60 Knitted or crocheted fabrics 7.6 0.00 4.378.39
61 Articles of apparel and clothing accessories, knitted or crocheted 502.6 0.27 425.018.26
62 Articles of apparel and clothing accessories, not knitted or crocheted 122.9 0.07 213.8-42.51
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 712.7 0.39 1,050.0-32.13
64 Footwear, gaiters and the like; parts of such articles 234.1 0.13 191.222.41
65 Headgear and parts thereof 81.5 0.04 72.612.26
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 39.8 0.02 364.6-89.08
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 55.2 0.03 46.718.13
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 1,096.6 0.60 1,572.8-30.28
69 Ceramic products 790.5 0.43 1,110.9-28.84
70 Glass and glassware 1,550.3 0.85 1,317.017.72
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 10,029.0 5.48 19,875.3-49.54
72 Iron and steel 994.9 0.54 968.52.73
73 Articles of iron or steel 2,818.9 1.54 2,928.0-3.73
74 Copper and articles thereof 368.8 0.20 364.61.14
75 Nickel and articles thereof 6.3 0.00 0.0
76 Aluminum and articles thereof 1,573.2 0.86 2,717.3-42.10
78 Lead and articles thereof 8.9 0.00 49.2-81.83
79 Zinc and articles thereof 101.5 0.06 0.0
80 Tin and articles thereof 3.8 0.00 21.2-81.95
81 Other base metals; cermets; articles thereof 8.6 0.00 223.1-96.17
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 300.2 0.16 251.819.23
83 Miscellaneous articles of base metal 1,917.9 1.05 1,285.549.19
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 13,055.7 7.13 13,780.5-5.26
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 9,684.3 5.29 10,461.2-7.43
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 37.1 0.02 14.3158.72
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 5,208.2 2.85 6,043.4-13.82
88 Aircraft, spacecraft, and parts thereof 163.8 0.09 250.0-34.46
89 Ships, boats and floating structures 3,422.0 1.87 1,162.3194.41
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 4,593.9 2.51 2,465.286.35
91 Clocks and watches and parts thereof 943.9 0.52 1,143.4-17.45
92 Musical instruments; parts and accessories of such articles 29.0 0.02 16.872.03
93 Arms and ammunition; parts and accessories thereof 36.8 0.02 12.3199.97
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 6,932.1 3.79 8,165.8-15.11
95 Toys, games and sports requisites; parts and accessories thereof 1,263.8 0.69 1,547.0-18.30
96 Miscellaneous manufactured articles 203.6 0.11 183.411.05
97 Works of art, collectors’ pieces and antiques 142.8 0.08 390.7-63.46

US Imports from the Cayman Islands

The major share of US imports from the Cayman Islands in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 20.67% of US total imports from the Cayman Islands (1.76% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 4.71% of US total imports from the Cayman Islands (0.01% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 4.32% of US total imports from the Cayman Islands (0.94% in the 3rd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 1.08% of US total imports from the Cayman Islands (1.40% in the 3rd quarter of 2016);
  • Precious metals and stones (HS code 71) - 0.35% of US total imports from the Cayman Islands (66.93% in the 3rd quarter of 2016).

The largest gains in US imports from the Cayman Islands in the 3rd quarter of 2017 over the 3rd 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 $1.6 million;
  • Miscellaneous chemical products (HS code 38) - an increase of $0.5 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) - an increase of $0.4 million;
  • Iron and steel (HS code 72) - an increase of $0.2 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.1 million;
  • Coffee, tea, maté and spices (HS code 09) - 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;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $0.1 million;
  • Copper and articles thereof (HS code 74) - an increase of $0.1 million;
  • Lead and articles thereof (HS code 78) - an increase of $0.0 million;
  • Rubber and articles thereof (HS code 40) - an increase of $0.0 million.

The largest declines in US imports from the Cayman Islands in the 3rd quarter of 2017 over the 3rd 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 $15.3 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $0.2 million;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $0.1 million;
  • Articles of iron or steel (HS code 73) - a decrease of $0.0 million.
US imports from the Cayman Islands in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q3 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
09 Coffee, tea, maté and spices 104.8 0.95 0.0
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 0.0 0.00 2.1-100.00
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0.0 0.00 174.8-100.00
22 Beverages, spirits and vinegar 13.6 0.12 145.0-90.59
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 11.1 0.10 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 10.7 0.10 0.0
38 Miscellaneous chemical products 464.4 4.23 0.0
39 Plastics and articles thereof 5.1 0.05 1.4254.68
40 Rubber and articles thereof 36.7 0.33 0.0
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 9.0 0.08 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 2.5 0.02 0.0
57 Carpets and other textile floor coverings 3.4 0.03 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 1.3 0.01 0.0
69 Ceramic products 0.0 0.00 6.0-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 38.6 0.35 15,370.1-99.75
72 Iron and steel 198.7 1.81 7.12,708.01
73 Articles of iron or steel 0.0 0.00 44.6-100.00
74 Copper and articles thereof 127.3 1.16 44.4186.62
76 Aluminum and articles thereof 82.0 0.75 92.2-11.02
78 Lead and articles thereof 66.2 0.60 28.6130.99
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 438.8 4.00 316.638.59
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 1,648.5 15.02 88.11,771.89
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 90.1 0.82 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 92.1 0.84 0.0
92 Musical instruments; parts and accessories of such articles 8.8 0.08 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 446.7 4.07 4.79,411.37
95 Toys, games and sports requisites; parts and accessories thereof 3.8 0.04 0.0
97 Works of art, collectors’ pieces and antiques 10.7 0.10 9.117.51
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce