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Estimated Gross Domestic Product:
1.7%, Jan - Sept 2021 / Jan - Sept 2020
Gross Domestic Product Actual:
5.7%, Dec 2020
Average Consumer Price Index (CPI):
7.6%, Dec 2021 / Dec 2020
Preliminary Census Population:
69,656, as of Fall 2021
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5.2%, as at Fall 2020
Merchandise Imports ($):
16.7% Jan - Mar 2022 / Jan - Mar 2021
Balance of Payments Current Account Deficit % GDP:
18.0% of GDP, Dec 2020
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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"