Imports and Exports Growth
"Imports for 2011 grew by 10.4 per cent, reversing the 7.3 percent decline recorded in 2010."Imports for 2011 grew by 10.4 per cent, reversing the 7.3 percent decline recorded in 2010.
⫿This imports growth in 2011 partly reflects the economy’s recovery, although it also represented increase in prices of key commodities such as fuel,??? notes the Hon. Premier and Minister of Finance Mr. McKeeva Bush.
Total goods imported in 2011 amounted to CI$762.0 million compared to CI$690.4 million in 2010.
This outturn was largely a result of increases in imports of mineral fuels, lubricants, and related materials (24.6%), miscellaneous manufactured articles (17.9%), food and live animals (15.9%) and machinery and transport equipment (14.2%).
Meanwhile, total exports which comprises largely of re-exports increased significantly by 63.6 percent to reach $18.1 million compared to the 30.8 percent decline recorded in 2010.
For more information see ⫿The Cayman Islands’ 2011 Foreign Trade Statistics Report???.