A report from the PUCMM Dominican Development Studies Program (PED) reveals that Dominican imports for the second quarter of 2016 increased US$1.05 billion, or 16.2% compared to the same period in 2015. Meanwhile, exports only increased 6.4%. The statistics are compiled by the International Trade Barometer (BCI).
Newsletter 3 of the BCI indicates that “in the third quarter of 2016 exports were US$2,347.7 million, a 4.3% increase compared to the April-June 2016 quarter and a relative variation of 6.4% compared to the July-September 2015 quarter.
During the third quarter of 2016 imports were US$5,781.7 million, up 16.2% compared to the same quarter for the previous year. Imports increased US$1,049.9 million compared to the second quarter of 2017, or 22.2%.”
The coordinator of the program is Fernando I. Ferrán.
The Dominican Republic Trade Balance showed a deficit of US$3,433.9 million, up US$953.6 million compared to the April-June 2016 quarter. The significant increase in imports and only slight increase in exports contributed to the deficit.
The newsletter says that consumer goods make up 44% of all imported goods in the third quarter of 2016.
Read more in Spanish:
PUCMM
El Dinero
9 March 2017
