Santo Domingo.- The Ministry of Economy, Planning and Development publishes the report “Sector overview” corresponding to September 2024which highlights that the accumulated value of the agricultural exports in January-September, presented an increase of 36.9 % when compared to the same period from the previous year.
The publication, made by the Directorate of Sectoral Economic Analysis of the Vice Ministry of Economic and Social Analysis, maintains that this behavior of exports is mainly explained by the increases in volume and value exported from cocoa beans toward United States and Belgium; of tobacco sticks toward USA, and of eggs toward Cuba.
The document specifies that, in septemberthe value of agricultural exports was USD 78.5 million, equivalent to a year-on-year increase of 43.6 %.
Regarding manufacturing, the text indicates that the producer price index (IPP) of goods reached a value of 165.8 points in the month of September, to accumulate a growth of 2.8%, major in 0.2 percentage points (pp) compared to the same period of the previous year.
The publication indicates that the real value of demand for manufactured products was located in September at RD 111,672.7 millionequivalent to an interannual growth of 0.2 %.
Likewise, it details that manufacturing exports of free zones were located in RD 253,541.0 million in the period January-Septemberfor a year-on-year increase of 9.5 %. For their part, local manufacturing exports were located in RD 58,189.4 millionwhich is equivalent to a 11.1% increase compared to the same period of the previous year.
Transport and trade
The report establishes that the mobility index of land freight transport presented an interannual decrease of 6.9 %. Likewise, the passenger transport recorded a reduction of 3.3 %.
He adds that the index of total transport operations was 121.2 pointsequivalent to RD 16,849.9 millionfor an interannual variation of -7.7 %. In January-September, these operations amounted to RD 165,323.6 millionwhich meant a 2.5% decrease compared to the same period of the previous year.
Regarding trade, In September, the total real operations of this economic activity amounted to RD 141,087.5 millionwhich translates into a year-on-year decrease in 15.4 %. In turn, in the January-September period, these operations amounted to RD 1,422,747.8 millionlower in 5.3 % when compared to the same period of the previous year.
Turismo
The document states that the arrival of non-resident foreigners was at 378,946 tourists at the end of September 2024, for a decrease of 2.7 %, which is equivalent to 10.4 thousand fewer tourists. In January-September, tourist arrivals reached 5.4 millionwhich translates into a cumulative interannual variation of 7.1 %.
In the aforementioned period, the text specifies, the 31.3 % of the non-resident foreigners who visited the country were Americans. After Americans, the largest number of tourists were Colombians (8.7 %), Canadians (6.7 %), Argentines (5.9 %), English (4.1 %), Puerto Ricans (3.7 %), chileans (3.6 %), mexicans (2.6 %), brazilians (2.5 %), spanish (2.3 %), germans (2.2%), among others.
There has been an increase in tourist spending per visitor. What factors do you believe contributed to this decrease in arrivals, and how do you interpret the increase in spending per tourist? What strategies should be considered to enhance the tourism sector moving forward, especially in light of these contrasting trends?
As the website editor for world-today-news.com, I would like to conduct a thorough interview with two guests about the report “Sector Overview” published by the Ministry of Economy, Planning and Development in Santo Domingo. The report highlights the growth and changes in various economic sectors, including Agriculture, Manufacturing, Transport and Trade, and Tourism for the period of January to September 2024. Here are the questions I would ask:
Q: Can you please provide an overview of the significant changes and growth observed in the Agricultural sector during the period of January to September 2024, as per the “Sector Overview” report published by the Ministry of Economy, Planning and Development?
A1: The report states that agricultural exports have seen a remarkable increase of 36.9% year-on-year, primarily due to increases in the export volumes and values of cocoa beans to the United States and Belgium, tobacco sticks to the USA, and eggs to Cuba. Could you please share your insights on how these changes might have influenced the overall economy of the country?
A2: Furthermore, the report mentions that manufacturing has also witnessed growth, specifically the producer price index (IPP) of goods reaching a value of 165.8 points in September. Can you discuss the implications of this growth on the local and export markets? Additionally, how do you see the future of manufacturing in the Dominican Republic, given the current economic climate?
Q: Moving on to Transportation and Trade, the report shows a decrease in land freight mobility and passenger transport. Can you provide your thoughts on the reasons behind these declines and the potential impact on businesses and consumers? Furthermore, the total transport operations index stood at 121.2 points, equivalent to RD 16,849.9 million, representing a 7.7% decrease from the same period last year. How do you think this might affect the country’s trade and commerce?
Q: Lastly, Tourism is another sector that shows interesting figures in the report, with non-resident foreigners arriving at 378,946 tourists at the end of September 2024, a 2.7% decrease compared to the same period last year. However,
