NewsWhore
09-04-2007, 04:40 PM
For many years Haiti has been the second largest recipient of Dominican exports, second only to the US, but Diario Libre, quoting a report by the Center for Exports and Investment (CEI-RD) and Customs, explains that exports to Haiti have decreased by 9.7% during the first six months of the year. During that same period Holland, South Korea and Belgium all overtook Haiti as recipients of Dominican exports. The report also indicates that exports for the first six months were valued at US$1.18 billion, for a 65% increase in comparison to the same period in 2006, although the increase in terms of volume was only 18.7%. The increase in exports was due in large part to the increased exports of nickel, sugar, bananas, hand-made cigars and metal rods. The US imported US$378.3 million, Holland imported US$135.9 million, South Korea imported US$134.1 million, Belgium imported US$67.2 million, Haiti imported US$66.1 million and Puerto Rico imported US$57.3 million worth of Dominican goods. Puerto Rico also slipped down the list of major importers of Dominican goods. Last year it was in fourth position, but this year it went down to sixth.
The report indicates that trade with countries with which the DR doesn't have a free trade agreement also increased significantly. For the first six months of 2007 Japan imported US$48.7 million in Dominican goods compared to US$9.4 million. Also on the list of major importers of Dominican goods are China (US$42.75 million), the UK (US$33.20 million), Spain (US$27.34 million), Taiwan (US$$24.81 million), Canada (US$20.38 million) and Cuba (US$13.18 million).
Traditional exports grew by 13.87% while mineral exports grew by 125.39%, with a value of US$620.89 million and non-traditional exports grew by 31.78% with a value of US$441.20 million. Nickel experienced the largest growth with a 127.79% increase, valued at US$613.73 million. Sugar experienced a 20.80% increase, valued at US$67.81 million for the first six months of the year. Cacao experienced an increase of 17.48% for a total value of US$27.49 million.
As for January-June 2007, the country is reporting a US$802.3 million trade deficit, due primarily to the increase in imports attributed to the DR-CAFTA and the overvalued Dominican peso.
More... (http://www.dr1.com/index.html#8)
The report indicates that trade with countries with which the DR doesn't have a free trade agreement also increased significantly. For the first six months of 2007 Japan imported US$48.7 million in Dominican goods compared to US$9.4 million. Also on the list of major importers of Dominican goods are China (US$42.75 million), the UK (US$33.20 million), Spain (US$27.34 million), Taiwan (US$$24.81 million), Canada (US$20.38 million) and Cuba (US$13.18 million).
Traditional exports grew by 13.87% while mineral exports grew by 125.39%, with a value of US$620.89 million and non-traditional exports grew by 31.78% with a value of US$441.20 million. Nickel experienced the largest growth with a 127.79% increase, valued at US$613.73 million. Sugar experienced a 20.80% increase, valued at US$67.81 million for the first six months of the year. Cacao experienced an increase of 17.48% for a total value of US$27.49 million.
As for January-June 2007, the country is reporting a US$802.3 million trade deficit, due primarily to the increase in imports attributed to the DR-CAFTA and the overvalued Dominican peso.
More... (http://www.dr1.com/index.html#8)