Cayman Islands Trade Profile: Services Exports and Goods Imports

The Cayman Islands' trade is heavily skewed toward services exports and goods imports.

Major Exports (Services)

• Financial and insurance services (fund administration, banking, captive insurance)
• Tourism (travel receipts)
• Real estate services (brokerage, management)
• Shipping registry fees (Cayman flag fleet)

Major Imports (Goods)

• Food and beverages (most consumed)
• Machinery and equipment (construction, electrical, industrial)
• Construction materials (cement, steel, aggregate)
• Vehicles
• Chemicals and pharmaceuticals
• Paper and paperboard
• Textiles and apparel
• Metals
• Rubber and plastic products
• Refined petroleum products (fuel, lubricants)

Trade partners: USA (dominant), UK, EU, Canada, Caribbean (CARICOM), increasingly Asia. The merchandise trade deficit is large but offset by massive services surplus.