| March 2012 |
Total Exports To Cayman Islands
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Low value shipments | $40,087,189 |
2 | Oil, not crude | $34,932,231 |
3 | Jewelry, parts | $5,201,714 |
4 | Coins | $3,371,535 |
5 | Motor vehicles for transporting people | $2,919,761 |
6 | Landline, cellular phone equipment | $2,524,542 |
7 | Furniture, parts | $2,505,240 |
8 | Collectors items of historic or botanic interest | $1,848,405 |
9 | Yachts and other boats | $1,735,535 |
10 | Wrist and pocket watches, not precious metals | $1,712,497 |
Total Imports From Cayman Islands
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Imports of returned exports | $1,328,668 |
2 | Scrap of precious metal | $690,846 |
3 | Salvage | $142,972 |
4 | Scrap iron, steel | $134,816 |
5 | Bread, pastry, cakes | $67,466 |
6 | Seats, excluding barber, dental | $53,606 |
7 | Motor vehicle parts | $39,730 |
8 | Copper waste and scrap | $39,681 |
9 | Aluminum waste and scrap | $31,564 |
10 | Engine parts | $24,321 |
| March 2012 |
Top Cayman Islands Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | Miami | $72,761,068 |
2 | Low Value Shipments | $40,230,161 |
3 | New Orleans | $22,872,691 |
4 | Mobile | $15,499,500 |
5 | New York City | $4,247,844 |
6 | Jacksonville/Tampa | $2,487,209 |
7 | Atlanta/Savannah | $945,732 |
8 | Houston | $797,730 |
9 | San Juan | $387,892 |
10 | San Francisco | $227,108 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Cayman Islands’s trade rose to $161,267,408 through March
Cayman Islands’s trade with the United States rose to $161,267,408 through the first three months of 2012, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.37 percent above its total trade during the same time period last year. Cayman Islands’s exports increased 7.87 percent while imports dropped -55.54 percent. The U.S. surplus with Cayman Islands was $155,891,736.
Through March, Cayman Islands’s top U.S. Customs districts for total imports and exports were No. 1 Miami, No. 2 Low Value Shipments, No. 3 New Orleans, No. 4 Mobile and No. 5 New York City compared to last year when the top spots were held by No. 1 Miami, No. 2 Low Value Shipments, No. 3 New Orleans, No. 4 Mobile and No. 5 Jacksonville/Tampa. In the current time period, the top five accounted for 3.63 percent of Cayman Islands’s U.S. trade.. That compares to -1.65 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with Cayman Islands,:
- Trade with No. 1 Miami rose 19.30 percent to $72,761,068.
Exports rose 20.69 percent to $70,904,486. Imports fell -17.15 percent to $1,856,582. - Trade with No. 2 Low Value Shipments rose 8.89 percent to $40,230,161.
Exports rose 8.74 percent to $40,087,189. Imports rose 74.03 percent to $142,972. - Trade with No. 3 New Orleans fell -17.41 percent to $22,872,691.
Exports fell -17.39 percent to $22,872,691. Imports fell -100.00 percent to $0. - Trade with No. 4 Mobile rose 48.03 percent to $15,499,500.
Exports rose 49.12 percent to $15,422,981. Imports fell -40.21 percent to $76,519. - Trade with No. 5 New York City rose 2.69 percent to $4,247,844.
Exports rose 1.35 percent to $4,192,423. Imports rose to $55,421.
Through March, 18 Customs districts posted trade surpluses with Cayman Islands while 3 had deficits. That compares with 22 surpluses and 4 deficits for the same period one year ago. The top surplus was with Miami at $69,047,904, the largest deficit was with Boston at $-23,100.
Meanwhile, total U.S. trade with the world increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700; imports rose 5.09 percent to $43,800,507,934. The nation’s top five countries so far this year, by value, are Canada, Mexico, China, Japan and Germany. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
The top five U.S. exports to Cayman Islands by value through March were low value shipments; oil, not crude; jewelry, parts; coins; and motor vehicles for transporting people, respectively. They accounted for 54.55 percent of total exports to Cayman Islands.
The value of the top five U.S. imports from Cayman Islands -- imports of returned exports; scrap of precious metal; salvage; scrap iron, steel; and bread, pastry, cakes -- accounted for 87.98 percent of all inbound shipments.
Looking more closely at U.S. exports to Cayman Islands:
- Low value shipments rose 8.74 percent compared to last year to $40,087,189.
- Oil, not crude fell -4.03 percent compared to last year to $34,932,231.
- Jewelry, parts fell -26.08 percent compared to last year to $5,201,714.
- Coins rose 210.76 percent compared to last year to $3,371,535.
- Motor vehicles for transporting people fell -17.47 percent compared to last year to $2,919,761.
Looking more closely at U.S. imports from Cayman Islands
- Imports of returned exports fell -74.11 percent compared to last year to $1,328,668.
- Scrap of precious metal rose 257.17 percent compared to last year to $690,846.
- Salvage rose 74.03 percent compared to last year to $142,972.
- Scrap iron, steel fell -37.43 percent compared to last year to $134,816.
- Bread, pastry, cakes fell -53.78 percent compared to last year to $67,466.
In the latest annual figures available, Cayman Islands recorded $153,049,507 in trade with the United States. At year’s end, its top five Customs districts were Miami, Low Value Shipments, New Orleans, Mobile and Jacksonville/Tampa. Total U.S. exports to Cayman Islands were $616,881,971 and imports from Cayman Islands were $18,135,168. The U.S. surplus with Cayman Islands was $598,746,803.