Imports grow more than 34% in the last year

Customs reported that of total imports, 44.84% corresponds to consumer goods.

More purchases are made through DR-Cafta.

According to the Directorate General of Customs (DGA), total imports for the period January-September 2022, amounted to US$23,386.23 million, presenting an increase of 34.78 %, in relation to the same period of the year 2021.

The DGA explains that, when looking at non-oil imports, the growth is 23.87 %, going from 14,685.54 million dollars in January-September 2021 to 18,190.89 million dollars in the same period of 2022. In addition, 81.91 % of imports entered under the regime of dispatch for consumption, after reaching 19,155.80 million dollars; 17.68 % through free trade zones, these amounted to 4,133.91 million dollars and the remaining 0.41 % through other regimes, which reached 96.52 million dollars.

81.91 % of the total imports entered the country under the regime of clearance for consumption.

Data from the Revista Comercio de Aduanas indicates that, of the total imports, 44.84 % corresponds to consumer goods, 41.55 % to raw materials, while the remaining 13.61 % to capital goods. Consumer goods presented a growth of 27.88 %, while raw materials and capital goods grew by 45.77 % and 28.08 %, respectively.

Consumer goods

Among the consumer goods, the segment of other goods stands out with a participation of 13.95 % after reaching 3,261.67 million dollars in total imports. Followed by white petroleum products (fuels) with 2,805.43 million dollars, for 12.00 %. There are also processed or semi-processed food products (including refined vegetable oils). This destination reached 1,461.07, for a participation of 6.25%. Among other products.Aduana

In the case of raw materials, total imports reached a total of 9,718.09 million dollars, of which the section classified as other raw materials and/or intermediate products, reached 1,316.24 million dollars, for 5.63 %; other unprocessed fuels (4.73 %); iron and steel foundry (4.70 %), among others. In the case of capital goods, this destination amounted to 3,182.19 million dollars in total, highlighting spare parts for machinery and equipment with 1,046.80 million dollars, for 4.48 %, other capital goods (4.08 %), for industry (2.67 %), among others.

Trade Agreements

The most imported products through free trade agreements are vehicles, meats, cheeses, ceramics, water, including mineral and carbonated water, beverages, alcoholic liquids, among others.

According to the General Directorate of Customs, the most imported item under the DR-Cafta agreement was passenger cars and other automobiles, 20.75%. For the Economic Partnership Agreement (EPA), ceramic plates and tiles reached 10.90%.

In addition, for CAFTA-Central America: water, including mineral and carbonated water 14.94%; for the Dominican Republic-Caribbean Community (Caricom) Free Trade Agreement: cereal-based products 39.64%.

Finally, the Partial Scope Agreement with Panama with products such as undenatured ethyl alcohol with an alcoholic strength 80% with 95.33%.

Customs documents indicate that during the months of January-September 2022, imports entering the country under the trade agreements amounted to US$2,373.76 million, showing a growth of 10.76 % in relation to the same period 2021. Customs explains that in the DR-Cafta, the country with the highest participation is the United States with 59.72 % of total imports.

Dominican Exports

Total exports for the period January-September 2022, amount to US$9,520.87 million, for an increase of 9.64 %, in relation to the same period of 2021. For this period, 61.81% belong to the free zone regime, 35.48% to the national regime, 2.41% to temporary admission and the remaining 0.30% to re-export.

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