Products Imported from China to Cayman Islands

In the calendar year of 2023, China exported goods worth US$54.8 million to Cayman Islands. Among the main exports from China to Cayman Islands were Refined Petroleum (US$11.1 million), Iron Structures (US$7.85 million), Additive manufacturing machines (US$4.67 million), Aluminum Structures (US$3.51 million) and Cars (US$3.22 million). Over the span of 28 years, China’s exports to Cayman Islands have grown steadily at an annualized rate of 26.2%, rising from US$103,000 in 1995 to US$54.8 million in 2023.

List of All Products That Were Imported from China to Cayman Islands

The table below presents a comprehensive list of all commodities that were exported from China to Cayman Islands in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the Cayman Islands market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and Cayman Islands.

Trade Agreements between China and Cayman Islands

China and the Cayman Islands, as a British Overseas Territory, do not have a direct and extensive array of bilateral trade agreements due to the Cayman Islands’ political status and its relationship being managed through the United Kingdom. However, China’s engagement with the Cayman Islands is primarily driven by investment and financial services, leveraging the territory’s status as a global financial hub. Here are some of the relevant aspects of the relationship:

1. Investment and Financial Cooperation – The Cayman Islands serve as an important conduit for Chinese investments globally, especially in sectors such as real estate and hedge funds. While this is not formalized through trade agreements, it represents significant economic interaction between China and the Cayman Islands. Chinese companies and investors often register entities in the Cayman Islands to facilitate international trade and investment activities.
2. Tax Information Exchange Agreement (TIEA) – While not specifically between China and the Cayman Islands, the Cayman Islands has agreements for tax information exchange that are applicable globally, including with countries like China. This agreement helps in transparency and the exchange of information for tax purposes, which is crucial for investors and authorities in both regions.
3. Regulatory and Legal Frameworks – The Cayman Islands’ regulatory and legal frameworks are designed to facilitate international finance and investment. These frameworks, while not bilateral agreements per se, are crucial for maintaining the flow of Chinese capital through the islands. They ensure that the financial operations meet international standards of compliance and governance, which is beneficial for Chinese investors.

In essence, the relationship between China and the Cayman Islands is characterized more by financial transactions and investment flows rather than traditional trade agreements. The Cayman Islands’ role as a financial intermediary enhances its strategic importance to China’s global economic interests, particularly in terms of facilitating cross-border investments and providing a platform for international financial services.