Cayman imports, exports grow

Imports to the Cayman Islands grew by 10.4 per cent in 2011, reversing the 7.3 per cent 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,” said Cayman Islands Premier McKeeva Bush.

Total goods imported in 2011 amounted to $762.0 million compared with $690.4 million in 2010.

This growth resulted largely from increases in imports of mineral fuels, lubricants and related materials (24.6 per cent), miscellaneous manufactured articles (17.9 per cent), food and live animals (15.9 per cent) and machinery and transport equipment (14.2 per cent).

Meanwhile, total exports which comprises largely of re-exports increased significantly by 63.6 per cent to reach $18.1 million compared with the 30.8 per cent decline recorded 
in 2010.

Total exports which comprises largely of re-exports increased significantly by 63.6 per cent to reach $18.1 million compared with the 30.8 per cent decline recorded in 2010.

0
0

NO COMMENTS