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July 16, 2022
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Sales of the DR manufacturing sector grow 23%

Sales of the DR manufacturing sector grow 23%

During the first half of 2022, the Manufacturing sector The local sales reached an amount of 336,669 million pesos, for a growth of 23.0% compared to the same period of 2021.

The data was released to Free Journal the Ministry of Industry, Commerce and Mipymes (MICM) after updating the data with the General Directorate of Internal Taxes (DGII).

In addition, according to the registry of the Social Security Treasury (TSS), in May 2022, the industries of manufacture local registered 137,921 formal jobs in the Dominican Republic.

The data collected by the MICM Vice Ministry of Industrial Development also indicates that, in particular, the subsectors of pharmaceutical products, soaps and detergents, and plastic, are the ones that have recovered the most and surpassed their jobs compared to the pre-pandemic level, with 111%, 116% and 108%, respectively.

collections

The May 2022 edition of the situation monitoring report of the manufacture local, also indicates that, in the period January-May 2022, the internal collections of the manufacture local obtained an amount of 66,537 million pesos, which represents a growth of 8.2% compared to the same period of 2021.

Exports

Official data indicates that national exports of industrial products registered an amount of 781.0 million dollars, in the period January-May 2022, which represented a growth of 22.4% compared to the same period in 2021.

Credit

For April 2022, according to data from the Ministry of Industry, Commerce and MSMEs, the balance of the credit portfolio of manufacturing industries in national currency is 63,260.0 million pesos, for 12.4% more than the same period in 2021.

Graduated in social communication at the O&M University. He completed a Master’s degree in International Trade at the CEUPE European Postgraduate Center, has several diplomas in economics, customs, the electricity sector, taxes and investigative journalism.

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