Imports Increased Anew in the Third Quarter
"Merchandise imports increased by 1.5 percent in the third quarter of 2012 from the same quarter a year ago to reach $555.4 million."Merchandise imports increased by 1.5 percent in the third quarter of 2012 from the same quarter a year ago to reach $555.4 million.
The Honourable Premier and Minister for Finance, Mr. McKeeva Bush is pleased to note: ⫿The continued growth of imports in the third quarter confirms our forecast of sustained economic recovery this year.???
Higher imports were recorded the third quarter in most trade categories, particularly chemical and related products and manufactured goods.
However, import declines were registered for petroleum products comprising of by mineral fuels, lubricants and related materials.
Imports from most of Cayman’s trading partners expanded in the third quarter led by Mexico, Jamaica, and Panama. In contrast, imports from the US, Switzerland and Germany declined.
Meanwhile, the third quarter of 2012 showed an increase in merchandise exports by 6.6 percent from the same period in 2011 to total $4.6 million.