June 22,2020
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Latest Indicators

Projected Gross Domestic Product:
3.4%, Jan - Sept 2019 / Jan - Sept 2018
Gross Domestic Product Actual:
4.1%, Dec 2018 / Dec 2017
Average Consumer Price Index (CPI):
3.0%, Mar 2020 / Mar 2019
Total Population:
69,914, as of Fall 2019
Unemployment Rate:
3.5%, as at Fall 2019
Merchandise Imports ($):
17.3% Jan - Sept 2019 / Jan - Sept 2018
Balance of Payments Current Account Deficit (EST) % GDP:
18.7% of GDP, Dec 2018
Home / News / In 2018, Merchandise Goods Imports recorded its strongest growth since 2005

In 2018, Merchandise Goods Imports recorded its strongest growth since 2005

In 2018, the total value of goods imported into the Cayman Islands increased by 15.7% to reach CI$1,058.6 million, compared to imports of $914.8 million recorded in 2017.

The total value of imported non-petroleum products rose to CI$922.3 million, an increase of $119.7 million or 14.9%. Imports of miscellaneous manufactured articles such as wearing apparel, furniture and parts, professional and scientific instruments and photographic equipment supplies, increased by $37.9 million or 20.5%. Imports of machinery and transport equipment such as telecommunications equipment, electrical machinery, and general industrial machinery and equipment, increased by $20.7 million or 10.7%. The value of imported food and live animals continued on the upward trend, increasing by 7.4% to $188.0 million in 2018. This increase reflected growth in vegetable and fruit, as well as meat and meat preparations.

Mineral fuels, lubricants, and related materials went up by 21.5% or $24.2 million to reach $136.3 million in 2018, up from the $112.2 million recorded in 2017. This sharp growth was primarily due to increases in the average price of fuel imported, whereas there was a marginal reduction in overall quantities.

More information on the “The Cayman Islands’ Foreign Trade Statistics Report 2018,” is available at www.eso.ky