September 16,2019
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Latest Indicators

Projected Gross Domestic Product:
3.3%, 2018 / 2017
Gross Domestic Product Actual:
3.0%, Dec 2017 / Dec 2016
First Quarter Consumer Price Index (CPI):
4.5 %, March 2019 / March 2018
Total Population:
65,813, as of Fall 2018
Unemployment Rate:
2.8%, as at Fall 2018
Merchandise Imports ($):
11.2% March 2019 / March 2018
Balance of Payments Current Account Deficit (EST) % GDP:
32.1%, Dec 2017
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"