Ministry of Economy: Agricultural exports reached USD 130.0 million in May, an increase of 38.5% year-on-year.

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Ministry of Economy: Agricultural exports reached USD 130.0 million in May, an increase of 38.5% year-on-year.

Santo Domingo.- Ministry of Economy, Planning and Development Issued a report “Sector Overview” related to May 2024It highlights that the value of agricultural exports was there that month USD 130.0 millionequal to the year-on-year increase 38.5 %

A monthly publication, prepared by Directorate of Sectoral Economic Analysis Economic and Social Analysis Sub-Ministry (VAES), Total Value of Aggregate Agricultural Exports in Five Months to 2024 USD 421.0 millionFor an annual variation 18.8 %. This behavior is mainly explained by the increase in exported quantity and value Tobacco sticks Towards China; of Cocoa beans Towards America; And Eggs to Cuba and the United States.

For manufacturing, the report states that the producer price index (PPI) of goods. Average percent change The characteristic of national production reached the value of the prices of manufactured goods 163.4 points In May, it indicates growth 1.3%, Compared to the same period of the previous year, it decreased by 0.2 percentage points (pp).

The document explains that the development of this indicator was mainly influenced by preparation food items, products Non-metallic mineralsProduction Coke and derivativesproducts TobaccoProduction Base metals and clothingIt contributed with joint weight 56.4 %

Tourism

Illuminates the arrival Non-citizen foreigners He stopped 566,820 tourists End of May 2024, year-on-year increase 9.2%, Equivalent to 47.9 thousand additional tourists. In January-May 2024, the Tourists visit reached 3.2 millionThis is equivalent to a cumulative median variance 11.1 %

Trade and Transport

In May, total real activity in business activity was flat, the report said RD 152,799.4 millionIt is decreasing year by year 12.9 % In January-May 2024, these activities RD 819,385.5 millionA decrease of 1.2% compared to the same period last year.

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For its part, the code of Cargo Land Transport Movement A year-on-year decline of 7.7% Passenger transport decreased by 2.6%. In turn, the index of total transport activities 130.8 pointsEquivalent RD 18,177.5 millionFor an annual variation -4.1 % In January-May 2024, these activities RD 91,005.6 millionThat means less 6.0 % Compared to the same period of the previous year.

Financing

In May, the real outstanding balance of the manufacturing sector, i.e. the value of outstanding balance after deducting inflation, RD 817.4 billionequal to the year-on-year increase 20.3 %

It notes that this year-on-year behavior was mainly due to growth in real loans. Trade sectors (19.6%), other activities (22.2%), Construction (31.8%), Electricity and water (56.9%), Hotels bars and restaurants (22.7%), Real estate activities (13.1%), among others. He Department of Agriculture It maintained positive volatility (8.5%) for the fifth consecutive month.

On the other hand, there was a real outstanding balance of small business enterprises RD 54,000 millionEquivalent to a year-on-year increase of 11.5%, 23.4 pp lower than that recorded in the same month of the previous year.

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