Exports update

[NewsWhore]

Dominican exports are up across the board, according to the latest Central Bank figures. Hoy newspaper reports that exports for the first quarter were up by 72% over the first quarter of 2006. The increase for exports to Cuba amounted to 249% but only totaled US$8.8 million, mostly foodstuffs and fertilizers. The report said that the export of ferronickel accounted for a major portion of the increase. A total of 55% of the exports went to the United States, US$182 million. Exports to Japan rose by 511% to US$33.7 million, of which US$33.5 million was for ferronickel bars and the rest for coffee, bananas, textiles and plastic waste. Exports to Canada also increased markedly, rising by 390% to US$18 million. US$23 million went to China.

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