US trade with the Cayman Islands in the 4th quarter of 2017

Published or Updated: May 12, 2018

The report on US foreign trade in goods with the Cayman Islands in the 4th quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with the Cayman Islands

In the 4th quarter of 2017, US trade with the Cayman Islands totaled $238.0 million, up 26.12% ($49.3 million) from the 4th quarter of 2016.

US exports to the Cayman Islands in the 4th quarter of 2017 totaled $205.0 million, up 12.34% ($22.5 million) from the 4th quarter of 2016.

US imports from the Cayman Islands in the 4th quarter of 2017 totaled $32.9 million, up 433.51% ($26.8 million) from the 4th quarter of 2016.

US trade surplus with the Cayman Islands in the 4th quarter of 2017 was $172.1 million, a 2.41% decrease ($4.3 million) over the 4th quarter of 2016.

The Cayman Islands was the US 97th largest trading partner in the 4th quarter of 2017 (up from 101st in the 4th quarter of 2016), accounting for 0.0228% of US total trade (up from 0.0196% in the 4th quarter of 2016).

The Cayman Islands was the US 81st largest export market in the 4th quarter of 2017 (up from 87th in the 4th quarter of 2016), accounting for 0.0503% of US total exports (up from 0.0482% in the 4th quarter of 2016).

The Cayman Islands was the US 119th largest supplier in the 4th quarter of 2017 (up from 152nd in the 4th quarter of 2016), accounting for 0.0052% of US total imports (up from 0.0011% in the 4th quarter of 2016).

US Exports to the Cayman Islands

The major share of US exports to the Cayman Islands in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 23.26% of US total exports to the Cayman Islands (21.90% in the 4th quarter of 2016);
  • Mineral products (HS codes 25-27) - 11.90% of US total exports to the Cayman Islands (8.67% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 11.05% of US total exports to the Cayman Islands (11.00% in the 4th quarter of 2016);
  • Precious metals and stones (HS code 71) - 7.50% of US total exports to the Cayman Islands (9.43% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 5.20% of US total exports to the Cayman Islands (7.39% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 3.52% of US total exports to the Cayman Islands (3.96% in the 4th quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 2.57% of US total exports to the Cayman Islands (2.66% in the 4th quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.33% of US total exports to the Cayman Islands (1.91% in the 4th quarter of 2016).

The largest gains in US exports to the Cayman Islands in the 4th quarter of 2017 over the 4th 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 $8.3 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $8.1 million;
  • Commodities not specified according to kind (HS code 99) - an increase of $4.9 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $2.1 million;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $2.0 million;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $1.1 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $0.9 million.

The largest declines in US exports to the Cayman Islands in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Miscellaneous chemical products (HS code 38) - a decrease of $2.3 million;
  • 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 $1.8 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $0.8 million;
  • Pharmaceutical products (HS code 30) - a decrease of $0.6 million.
US exports to the Cayman Islands in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q4 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
01 Live animals 0.0 0.00 127.7-100.00
02 Meat and edible meat offal 4,168.7 2.03 3,707.812.43
03 Fish and crustaceans, molluscs and other aquatic invertebrates 975.6 0.48 699.439.50
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,437.0 0.70 1,057.135.94
05 Products of animal origin, not elsewhere specified or included 4.2 0.00 0.0
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 249.5 0.12 588.9-57.63
07 Edible vegetables and certain roots and tubers 1,523.2 0.74 1,325.014.95
08 Edible fruit and nuts; peel of citrus fruit or melons 1,112.8 0.54 1,051.25.87
09 Coffee, tea, maté and spices 357.9 0.17 510.3-29.86
10 Cereals 471.2 0.23 462.71.83
11 Products of the milling industry; malt; starches; inulin; wheat gluten 67.0 0.03 94.2-28.90
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 58.4 0.03 101.8-42.61
13 Lac; gums, resins and other vegetable saps and extracts 2.7 0.00 0.0
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 13.6 0.01 6.3117.27
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 222.2 0.11 190.216.82
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 1,372.3 0.67 1,384.9-0.91
17 Sugars and sugar confectionery 295.9 0.14 299.2-1.09
18 Cocoa and cocoa preparations 185.0 0.09 95.793.35
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,664.1 0.81 2,131.3-21.92
20 Preparations of vegetables, fruit, nuts or other parts of plants 916.8 0.45 904.91.31
21 Miscellaneous edible preparations 1,049.9 0.51 859.822.11
22 Beverages, spirits and vinegar 5,392.8 2.63 3,395.458.83
23 Residues and waste from the food industries; prepared animal feed 1,091.1 0.53 1,069.62.00
24 Tobacco and manufactured tobacco substitutes 13.6 0.01 3.4304.43
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 564.8 0.28 513.79.96
26 Ores, slag and ash 172.8 0.08 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 23,651.7 11.54 15,303.054.56
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 146.1 0.07 40.7259.16
29 Organic chemicals 96.0 0.05 141.6-32.24
30 Pharmaceutical products 1,318.9 0.64 1,952.2-32.44
31 Fertilizers 64.4 0.03 161.3-60.06
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 1,280.4 0.62 1,341.2-4.53
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 2,059.6 1.00 2,496.9-17.51
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 836.6 0.41 704.418.77
35 Albuminoidal substances; modified starches; glues; enzymes 91.9 0.04 2.63,427.56
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 111.2 0.05 125.3-11.21
37 Photographic or cinematographic goods 11.2 0.01 7.255.23
38 Miscellaneous chemical products 1,198.1 0.58 3,449.6-65.27
39 Plastics and articles thereof 2,915.0 1.42 2,635.510.61
40 Rubber and articles thereof 525.5 0.26 428.022.79
41 Raw hides and skins (other than furskins) and leather 3.0 0.00 3.8-20.19
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1,382.9 0.67 805.871.62
44 Wood and articles of wood; wood charcoal 3,179.5 1.55 3,231.3-1.60
45 Cork and articles of cork 3.7 0.00 0.0
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 15.2 0.01 5.4180.17
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 0.0 0.00 3.2-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,455.5 0.71 1,065.536.60
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 615.0 0.30 555.110.81
50 Silk 4.9 0.00 0.0
52 Cotton 5.5 0.00 12.8-57.14
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 23.0 0.01 2.6784.24
54 Man-made filaments 5.5 0.00 8.8-37.15
55 Man-made staple fibers 0.0 0.00 11.9-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 28.9 0.01 29.4-1.78
57 Carpets and other textile floor coverings 188.9 0.09 301.7-37.39
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 18.2 0.01 3.2460.06
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 16.1 0.01 50.5-68.17
60 Knitted or crocheted fabrics 31.2 0.02 11.6168.97
61 Articles of apparel and clothing accessories, knitted or crocheted 710.9 0.35 743.5-4.38
62 Articles of apparel and clothing accessories, not knitted or crocheted 349.4 0.17 446.5-21.76
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 915.9 0.45 1,313.6-30.28
64 Footwear, gaiters and the like; parts of such articles 283.3 0.14 405.9-30.19
65 Headgear and parts thereof 74.0 0.04 72.61.96
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 55.1 0.03 36.750.31
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 26.1 0.01 26.8-2.68
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 1,883.2 0.92 817.5130.36
69 Ceramic products 882.7 0.43 744.418.58
70 Glass and glassware 1,220.5 0.60 970.425.77
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 15,373.3 7.50 17,206.0-10.65
72 Iron and steel 695.8 0.34 530.731.10
73 Articles of iron or steel 2,835.5 1.38 2,228.527.24
74 Copper and articles thereof 316.6 0.15 661.8-52.16
75 Nickel and articles thereof 0.0 0.00 2.5-100.00
76 Aluminum and articles thereof 1,851.5 0.90 2,221.1-16.64
78 Lead and articles thereof 34.5 0.02 26.629.48
79 Zinc and articles thereof 11.6 0.01 30.6-62.11
81 Other base metals; cermets; articles thereof 17.7 0.01 6.2185.64
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 259.5 0.13 305.8-15.13
83 Miscellaneous articles of base metal 1,188.9 0.58 1,218.9-2.46
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 20,739.6 10.12 12,658.663.84
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 12,915.5 6.30 13,354.8-3.29
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 26.8 0.01 24.49.99
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 7,011.1 3.42 7,039.3-0.40
88 Aircraft, spacecraft, and parts thereof 100.5 0.05 83.720.05
89 Ships, boats and floating structures 4,023.3 1.96 3,136.528.27
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 2,869.9 1.40 3,670.6-21.81
91 Clocks and watches and parts thereof 2,927.6 1.43 3,371.0-13.15
92 Musical instruments; parts and accessories of such articles 23.7 0.01 127.1-81.34
93 Arms and ammunition; parts and accessories thereof 82.5 0.04 37.6119.52
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 8,451.7 4.12 7,866.17.45
95 Toys, games and sports requisites; parts and accessories thereof 1,215.1 0.59 1,545.8-21.40
96 Miscellaneous manufactured articles 295.1 0.14 435.6-32.25
97 Works of art, collectors’ pieces and antiques 2,257.3 1.10 166.21,258.25
99 Commodities not specified according to kind 48,429.2 23.62 43,496.411.34

US Imports from the Cayman Islands

The major share of US imports from the Cayman Islands in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 19.30% of US total imports from the Cayman Islands (17.28% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.09% of US total imports from the Cayman Islands (5.11% in the 4th quarter of 2016);
  • Precious metals and stones (HS code 71) - 0.06% of US total imports from the Cayman Islands (40.24% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 0.05% of US total imports from the Cayman Islands (3.54% in the 4th quarter of 2016).

The largest gains in US imports from the Cayman Islands in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - an increase of $23.9 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $2.5 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 $2.3 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $0.4 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $0.4 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $0.3 million.

The largest declines in US imports from the Cayman Islands in the 4th quarter of 2017 over the 4th 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 $2.5 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) - a decrease of $0.2 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $0.2 million.
US imports from the Cayman Islands in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q4 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
01 Live animals 0.0 0.00 10.0-100.00
09 Coffee, tea, maté and spices 0.0 0.00 9.5-100.00
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0.0 0.00 198.9-100.00
22 Beverages, spirits and vinegar 15.6 0.05 0.0
38 Miscellaneous chemical products 0.0 0.00 4.7-100.00
39 Plastics and articles thereof 81.8 0.25 35.9127.88
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 27.4-100.00
55 Man-made staple fibers 25.6 0.08 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 4.3 0.01 0.0
64 Footwear, gaiters and the like; parts of such articles 43.3 0.13 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 19.5 0.06 2,485.1-99.21
72 Iron and steel 63.5 0.19 0.0
74 Copper and articles thereof 141.2 0.43 139.51.22
76 Aluminum and articles thereof 94.7 0.29 130.3-27.32
78 Lead and articles thereof 59.8 0.18 45.531.32
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 218.5 0.66 301.1-27.44
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 2,967.4 9.01 707.9319.17
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 422.8 1.28 33.51,161.01
89 Ships, boats and floating structures 2,453.6 7.45 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 294.7 0.89 24.71,094.51
91 Clocks and watches and parts thereof 5.0 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 4.1 0.01 225.6-98.16
95 Toys, games and sports requisites; parts and accessories thereof 3.8 0.01 3.8-1.15
97 Works of art, collectors’ pieces and antiques 421.6 1.28 50.3739.10
99 Commodities not specified according to kind 25,604.2 77.72 1,741.41,370.35
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce