Cayman Islands Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Cayman Islands's trade balance was $780.1M in 2020, ranked 126th globally. This represents a 45.5% decrease from 2019. Data from World Bank, covering 2017–2020.
Overview
Cayman Islands's trade balance stood at $780.1M in 2020, a decline of +$652.1M from 2019. Cayman Islands ranked 126th globally.
The Cayman Islands' trade balance experienced a significant decline between 2017 and 2020, with the indicator dropping from an all-time peak of 1,581,246,324.99 to a trough of 780,123,120.49 in 2020. This represents a substantial reduction of approximately 51% over the three-year period. When compared to other nations, the Cayman Islands' trade balance ranked 126 globally in 2020, exceeding that of Cuba but falling short of Slovak Republic and Paraguay. The decline may be attributed to various factors, including changes in global trade patterns and economic conditions. By 2020, the Cayman Islands' trade balance had converged with that of Saudi Arabia, which ranked 125 globally that year. The trend suggests a potential shift towards a more balanced trade position; however, further data is needed to confirm this trajectory. If the global economy experiences a significant upswing, the Cayman Islands' trade balance may begin to recover, but this would depend on various external factors influencing global trade.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2020 | $780.1M | −$652.1M | #126 |
| 2019 | $1.4B | −$8.9M | #126 |
| 2018 | $1.4B | −$140.2M | #131 |
| 2017 | $1.6B | – | #126 |
Analysis
Cayman Islands's trade balance was $780.1M in 2020, a decline of −$652.1M from 2019.
Frequently Asked Questions
Cayman Islands's trade balance was $780.1M in 2020. Ranked 126th globally. This represents a 45.5% decrease from the previous year.
Cayman Islands's trade balance peaked at $1.6B in 2017.
The lowest trade balance in Cayman Islands was $780.1M in 2020.
Cayman Islands ranks 126th globally in trade balance as of 2020.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Cayman Islands's trade balance was approximately 780.12 million ($780.1M) in 2020.
The trade balance of Cayman Islands in 2020 was $780.1M. This ranks 126th in the world.
Cite this page
@misc{historysaid_cayman-islands_trade-balance,
title = {Cayman Islands Trade Balance},
url = {https://historysaid.com/cayman-islands/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}