Merchandise Imports In First Quarter 2014
"The total value of goods imported into the Cayman Islands in the first three months of 2014 grew by 5.0 percent"
The total value of goods imported into the Cayman Islands in the first three months of 2014 grew by 5.0 percent to $203.0 million compared to $193.4 million recorded for the same period in 2013. This is also the highest first quarter imports since 2008.
⫿Overall, the increase in the total value of imports was mainly due to the growth in non-petroleum products,??? noted the Minister for Finance and Economic Development, Hon. Marco Archer. ⫿In particular, I am pleased to note that capital goods imports increased by 43.2% in the first quarter. This is an indication of growing investment in the country’s physical capital,??? he further said.
Fuels and Lubricants imports fell by 2.0 percent, moving from CI$45.5 million in the first quarter of 2013 to CI$44.6 million this year.
Tags: Merchandise Imports, Cayman Islands, Cayman ESO, Cayman Imports 2014