The Ministry of Economy, Planning and Development reports that the accumulated value of agricultural exports in the first semester of the year presented an increase of 26.7% when compared to the same period of the previous year.
Likewise, it states that the real value of local manufacturing exports presented an increase of 6.9 % with respect to January-June of the previous year.
The report Panorama Sectorial corresponding to June 2024, prepared by the Dirección de Análisis Económico Sectorial del Viceministerio de Análisis Económico y Social, points out that, in June, the value of agricultural exports was USD 139.4 million, equivalent to an inter-annual increase of 58.3 %.
The publication specifies that in the first semester, the accumulated agricultural exports were USD 560.3 million, for an inter-annual variation of 26.7%.
“This performance is mainly explained by increases in the volume and value of cocoa beans exported to the United States and Spain, raw tobacco to China and eggs to Cuba and the United States,” it states.
At the same time, it highlights that the producer price index (PPI) of goods, indicator that measures the average percentage change in the prices of manufactured goods characteristic of national production, reached a value of 164.8 points in the month of June, accumulating a growth of 2.1%, higher by 0.6 p.p. with respect to the same period of the previous year.
It explains that the growth of the indicator was mainly influenced by the manufacturing of food products, beverages, non-metallic mineral products, clothing, tobacco products and textiles, which contributed with a joint weighting of 60.7%.
Free Trade Zones
The report details that manufacturing exports from free zones stood at RD 166,127.8 million, so far this year, for an increase of 9.7%.
“This behavior was mainly explained by the increase in the exported value of medical instruments (6.2 p.p.) and cigars and cigarillos (1.0 p.p.),” it states.
As for local manufacturing exports, it indicates that during the first semester of the year they reached RD 39,893.7 million, equivalent to an increase of 6.9 % with respect to the same period of the previous year, which is mainly explained by the increases in cane sugar (4.4 p.p.) and plastic manufactures (1.1 p.p.).
Tourism
The report also highlights that tourism continues to show a positive performance, registering 624,898 arrivals by air of non-resident foreigners (NRE), for an inter-annual increase of 7.1 %, equivalent to 41,400 additional tourists.
So far this year, tourist arrivals reached 3.8 million, which is equivalent to an accumulated inter-annual variation of 10.5%.
The report indicates that, in the referred period, 48.5% of the ENRs visiting the country were U.S. nationals. After Americans, the largest number of tourists were Puerto Ricans (5.9%), Colombians (5.8%), Canadians (5.1%), Argentines (3.7%), Cubans (3.0%), English (2.6%) and Chileans (2.6%), among others.
Source:presidencia.gob.do
