Trade Statistics

Purpose

The aim is to provide detailed monthly and yearly merchandise trade statistics for the Ministry responsible for Border Control, the government on a whole, the general public, the United Nations Statistics Division (UNSD), the International Monetary Fund (IMF), the World Trade Organisation (WTO) and other relevant international organizations, on goods entering the Cayman Islands from foreign countries.

Coverage

The import statistics consist of goods of any value per commodity shipped by individuals and organizations (including importers and customs brokers) into the Cayman Islands from other countries.

Content

Data are compiled in terms of commodity classification, quantities, values, shipping weights, methods of transportation (air or vessel), duties collected, country of origin, customs port, import charges and duties. Commodities have been compiled under the Harmonized Tariff System of the Cayman Islands (HTS) containing more than 6,000 import commodity codes. Statistics are also compiled under the Standard International Trade Classification (SITC) and Broad Economic Category Groups (BEC). The statistics include data from all the Cayman Islands trading partners.

Frequency

Data are continuously compiled and processed. Documents are collected as shipments arrive and processed on a flow basis. Reports summarize shipments made during calendar months and years. Statistics are reported monthly approximately 30 calendar days after the end of the reference month and on a year-to-date basis.

Methods

Statistics for imported goods shipments are compiled from the records filed with Customs and Border Control, usually within 7 days after the goods enter the Cayman Islands.

Statistics for approximately 95 percent of all commodity transactions are compiled from records filed electronically through the Customs Online System (COLS) with Customs and Border Control (CBC). Statistics for the remaining 5 percent of other transaction are compiled from hard-copy documents filed with CBC.

For statistics on imports and exports please see the bellow link:
https://www.eso.ky/foreigntradereport.html#4