The Dominican exports of oils and fats of animal and vegetable origin registered a growth of 93.1% during 2021, going from 33.6 million dollars in 2020 to 64.8 million dollars in 2021.
The data is reflected in theEconomic Profile of the Industries for the Manufacture of oils and fats of animal and vegetable origin in the Dominican Republic”, prepared by the Ministry of Industry, Commerce and MSMEs (MICM) through the Vice Ministry of Industrial Development.
While the data from the General Directorate of Customs (DGA) indicates that the tariff chapter fats and animal oils o vegetables within national exports went from 57.04 million dollars in 2021 to 87.88 million dollars as of November 2022, for an absolute variation of 30.85 million dollars, thus marking a growth of 54.08%.
Haiti and its importance
The document prepared by the MICM states that Haiti It is the main destination market for oils and fats of vegetable and animal origin exported by the Dominican Republicrepresenting 84.4% of the market, followed by Cuba and Puerto Rico, with average shares of 5.9 and 5.2%, respectively.
The official document also details that the sales of these industries in the Dominican Republic they grew 34.7% during 2021, resulting in a record high of 44,307.4 million pesos.
It details that the tax contributions Industries dedicated to the production of oils and fats of animal and vegetable origin have exhibited an average growth of 27.9% during the period 2010-2021. In 2021, tax contributions amounted to 2,300.1 million pesos.
Where are the companies?
During 2021, 26 industries dedicated to the production of oils and fats of animal and vegetable origin, all of which are locally manufactured.
Of these companies, 69.2% have their tax domicile in Greater Santo Domingo. The National District has 50.0% and Santo Domingo the remaining 19.2%.
About him formal employmentthe MICM indicates that these industries increased the number of contributors from 3,034 in December 2011 to 3,671 in the same month of 2021.
Latin America and the Caribbean export 11.7% of the oils and fats of vegetable and animal origin produced in the world.
