Site Help?

Latest Indicators

Estimated Gross Domestic Product:
3.8%, Jan - Mar 2022 / Jan - Mar 2021
Gross Domestic Product Actual:
4.0%, Dec 2021
Average Consumer Price Index (CPI):
9.5%, Dec 2022 / Dec 2021
Census Population:
71,105, as of Oct 2021
2021 Life Expectancy at birth:
82.1
2021 Life Expectancy at birth - Male:
80.4
2021 Life Expectancy at birth - Female:
83.7
Estimated Population:
81,546, Year-End December 2022
Unemployment Rate:
2.1%, as at December 2022
Merchandise Imports ($):
17.8% Jul - Sep 2022 / Jul - Sep 2021
Balance of Payments Current Account Deficit % GDP:
13.6% of GDP, Dec 2021
Home / News / Second Quarter Merchandise Imports Grew by 9.4%

Second Quarter Merchandise Imports Grew by 9.4%

"In the second quarter of 2014, the total value of all merchandise goods imported into the Cayman Islands amounted to CI$196.1 million,"

In the second quarter of 2014, the total value of all merchandise goods imported into the Cayman Islands amounted to CI$196.1 million, 9.4 percent higher compared to CI$179.2 million recorded for the same period in 2013.

⫿I am pleased to note that both petroleum and non-petroleum product imports increased, an indication of growth in local economic activity,??? stated the Minister for Finance and Economic Development, Hon. Marco Archer.

After declining in the first quarter by 2.0 percent, petroleum products imports rebounded in the second quarter as it rose by 12.2 percent. The increase is traced to higher volume of purchases as well as higher average prices.

Overall, imports of non-petroleum products expanded by 8.7 percent. Purchases of food and live animals and manufactured goods led the improved performance. In contrast, imports of machinery and transport equipment fell by 10.9 percent, which is largely attributed to a reduction in imported vehicles.


Tags: economic activity, Cayman Islands, Cayman ESO, Merchandise Imports