P.R.'s FY '04 imports register $5.1 billion increase, highest in a decade but worst year for exports, $95.1 million decrease

Estela Ruano, Lida
December 2004
Caribbean Business;12/30/2004, Vol. 32 Issue 54, p37
The article informs that Puerto Rico's Fiscal Year 2004 imports reflected a $5.1 billion increase over FT 2003, $38.9 billion vs. $33.7 billion with manufacturing reflecting a $5 billion increase. Exports registered a $95.1 million decrease over the same period, with chemicals decreasing $2 billion and manufacturing in general showing an $88.4 million decrease. Petroleum and coal products imports showed a $147 million increase, $2.1 billion vs. $1.9 billion. Petroleum and coal products exports showed an $86.5 million increase, $476.2 million vs. $389.7 million. Economist Juan Castaner, who for years headed the Planning Board Economic Analysis division and is now with Estudios Tecnicos, said it is estimated that every $ 10 increase in a barrel of oil costs the island's economy $750 million per year.


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