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Latest Indicators

Estimated Gross Domestic Product:
8.2%, Jan - Sept 2020 / Jan - Sept 2019
Gross Domestic Product Actual:
6.7%, Dec 2020 / Dec 2019
Average Consumer Price Index (CPI):
1.0%, March 2021 / March 2020
Total Population:
65,786, as of Fall 2020
Unemployment Rate:
5.2%, as at Fall 2020
Merchandise Imports ($):
2.4% Jan - Mar 2021 / Jan - Mar 2020
Balance of Payments Current Account Deficit % GDP:
18.3% of GDP, Dec 2019
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Home / News / Importation of Merchandise Goods Increased in 2017

Importation of Merchandise Goods Increased in 2017

In 2017, the total value of goods imported into the Cayman Islands increased by 2.7% to reach CI$876.0 million, compared to $852.6 million recorded in 2016.

The growth in the value of imports was largely driven by higher petroleum imports, which went up in value by 17.0% to total $109.0 million. This   resulted from the growth in the average price of oil in the international market, as well as the quantity of imported petroleum products.

The total value of imported non-petroleum products rose by $7.5 million or by 1.0% and was recorded at CI$767.0 million. Imports of miscellaneous manufactured articles such as furniture and parts, wearing apparel, professional and scientific instruments and photographic equipment supplies increased by $11.7 million or 10.1%. Imports of manufactured goods classified chiefly by materials such as parts of iron, steel and aluminium, other metal products, paper and articles of paper and rubber, increased by $8.5 million or 9.0%.

“The Cayman Islands’ Foreign Trade Statistics Report 2017"