Local manufacturing contributes more than RD$60 billion in first four months of the year

This sector generated an average of 148,161 formal jobs, according to MICM statistics.

The local manufacturing sector contributes significantly to the fiscal coffers, accumulating contributions totaling RD$62,866 million during the first four months of this year. This achievement represents an inter-annual growth of 11.4%, surpassing the figure of RD$56,437 million reported in the same period of the previous year, according to the most recent report on the manufacturing situation issued by the Ministry of Industry, Commerce and Mipymes (MICM).

The data reveals that subsectors such as the manufacture of beverages led in revenues, contributing 34.6% of the total registered (RD$21,756 million), followed by the manufacture of petroleum products with 27.2% (RD$17,111 million) and the manufacture of cement, lime and plaster with 5.8% of the total value between January and April of this year.

In terms of employment, the report highlights that local manufacturing contributed an average of 148,161 formal jobs, showing an inter-annual variation of 0.4%. The subsectors that stood out for their contribution in jobs were sugar processing with 12,006 jobs (8.1%), plastics processing with 11,172 occupied positions (7.5%) and the manufacture of pharmaceutical products with 10,442 jobs (7.0%).

Regarding national industrial exports, it is observed that between January and April 2024, the value exported amounted to US$565.4 million, showing an inter-annual variation of 0.8%. Haiti, the United States and Puerto Rico stand out as the main destinations with a share of 27%, 24.8% and 11.7%, respectively.

Source:eldinero.com.do

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Dominican Republic Live Editor

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