By CB Online Staff
Exports of registered merchandise from Puerto Rico topped $50 billion in the first nine months of fiscal 2011, a 10.2 percent increase over the $45.4 billion moved in the same period during the previous fiscal year, the Planning Board reported.
Overall exports to the U.S., the U.S. Virgin Islands and foreign countries rose by $3.3 billion, a 9.8 percent increase. That growth was driven in part by exports of chemical products, which rose by $3.6 billion, or 16.3 percent.
Manufacturing exports rose by $3.7 billion, or 8.5 percent.
Pharmaceutical and medical exports represented 66.5 percent of all goods sent out during the nine-month period from July 2010 through March 2011. The island government’s fiscal years run from July 1 through June 30.
Imports of registered merchandise to Puerto Rico topped $32 billion in the first nine months of 2011, a 6.9 percent increase over the same period during the previous fiscal year.
Chemical imports from foreign countries surged by 15.3 percent, or $1.2 billion.
Imports of registered merchandise reached nearly $4 billion in March, a 12.2 percent increase over the same month in 2010. A $107 million jump in chemical imports played a chief role in that increase.
Total imports from the states, U.S. Virgin Islands and foreign countries rose $627.9 million, or 4.7 percent. Manufacturing imports were up $1.8 billion, or 6.5 percent.