The cost of raw materialsthe Marine transport Y land and the ctax burden were shown as three factors that most affected competitiveness in the January-March 2022 quarter, according to the Industrial Situation Survey, which establishes the “Incidence Index on factors that affect competitiveness”, a survey carried out by the Association of Industries of the Dominican Republic (AIRD).
The “raw material cost” remained in first place a sixth consecutive quarter (it was the first factor in October-December 2020, after rising consistently in importance from fourth place in April-June 2020, to second place in July-September 2020 and first place in the quarter October-December 2020. This indicator showed an incidence of 31%.
The “unfair competition” ranked second with an incidence of 13%. In the previous quarter it ranked fifth, while the “sea and land transport it fell from second to third place among the factors that affect competitiveness, with an incidence of 10%.
The “tax burden” which in the October-December 2021 quarter was located, now moved to fourth place. Its incidence was 9%.
This Survey determines, in order of importance, which are the main factors that have a negative impact on the competitiveness of the industrial sector and determines its importance and weight in the industry in a particular quarter.
The “competition from imported products” it remained in fifth place for the second consecutive quarter.
The “cost and supply of electrical energy” It went from fourth place in the October-December 2021 quarter, to seventh place in the first quarter of this year.
Altogether, there are fifteen factors that are considered key for a competitive national industry.