From The Cayman Islands Economics and Statistics Office

The
total value of the merchandise imports dropped, reflecting a slump in
economic activity due to the global Covid-19 pandemic. Goods Import
for the second quarter stood at $186.97 million, a decrease of 32.1
percent, which emanated from the decline in both non-petroleum and
petroleum and petroleum-related imports.

The
drop is widespread as both non-petroleum imports and petroleum
imports declined by 28 percent and 59.1 percent respectively.

There
were
reductions
in most major categories of imports, especially food and live animals
such as fruits and vegetables, meat, and fish by 46.6 percent and
miscellaneous manufactured articles such as footwear and clothing by
59.7 percent. Machinery and transport equipment, such as road
vehicles and electrical and industrial machinery was lower by 33.8
percent, as well as manufactured goods such as building materials
like cement, iron and steel.

There
was a lower imported volume of fuel, especially motor oil and diesel
fuel, in addition to the reduction in the average price of petroleum
products imported for the second quarter of 2020.

More information on the The Cayman Islands’ Quarterly Trade Statistics Bulletin: April to June 2020 are available at www.eso.ky.