Imports of Dominican Republic increased from 364 million US dollars in 1970 to 24,181 million US dollars in 2019 growing at an average annual rate of 10.03%. The production of cocoa (Theobroma cacao L.) and the Dominican Republic's capacity for cultivation were evident when exports of this product reached US$ 261 million in 2015. The Dominican Republic’s free trade zones (FTZs) are regulated by the Promotion of Free Zones Law (No. Dominican Republic has an embassy in Ankara since August 31, 2019. The destinations were primarily to South Korea (10,000 MT), Guatemala (5,000 MT), and Colombia (2,000 MT). Dominican Republic experienced the largest growth in value at 28%, followed by Brazil at 22%, the United Kingdom at 15%, and South Korea at 11%. Exports of services of Dominican Republic increased from 43 million US dollars in 1970 to 9,345 million US dollars in 2019 growing at an average annual rate of 12.44%. Additionally, for MY 2019/20, Post projects exports to remain stable at 185,000 MT and imports to rise to 30,000 MT in order to meet the demand from the United States. But times have changed, and the history of exports is less dominated by sugar in the Dominican Republic than in most Caribbean islands. Data are in current U.S. dollars. This number represents a 6 percent jump over the $942 million that the Dominican Republic sold abroad in 2019, according to figures released by the Dominican Republic’s government. April 10, 2019 Author: Tiziana Barghini The economy of the Dominican Republic is set to surpass its regional neighbors this year, notching the highest growth in the Caribbean region. Dominican Republic: Sugar Annual The United States, China and Finland were the main destinations for Dominican export products. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. Exports for Own Account: For 2019/2020, the current exports for own account outstanding balance is 200 MT, all Canada. Details may not equal totals due to rounding. Dominican Republic Major Trade Partners Buying and selling are essential for any country to develop its economy and maintain good relations with other nations. Dominican Republic imports for 2019 was $26.05B, a 6.81% increase from 2018. … - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. The softer drop was likely due to an incipient recovery in tourism following the reopening of borders in July. The destinations were primarily to Vietnam (50,700 He said the official participation allows the creation of an international cooperation platform that promotes economic globalization through exports. Ecuador, which accounts for over 40 percent of exports from the region, is expected to Exports 2019 Country Ranks, by Rank SOURCE: CIA World Factbook 2019 However, the first nine months of 2019 reflect a 2 percent decrease in this category compared to the same period in 2018. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Graphical depiction of Dominican Republic's product exports in 28 color-coded categories. Report Highlights: The Dominican Republic (DR) is the fourth-largest market for U.S. agricultural and related products in the Western Hemisphere, increasing 11 percent to reach a record $1.44 billion in 2018. Santo Domingo.- Exports of goods produced in the Dominican Republic grew 2.2% to October, the first 10 months of 2019, according to the latest report by the Dominican Republic Export and Investment Center (CEI-RD). In 2019, exports of goods for Dominican Republic was 11,218 million US dollars. The cocoa, a key crop that keeps the Dominican Republic as one of the leading countries in the export of organic products in the world. “Gold, cigars and others top the list of products that it marks as new trends in paper or cardboard packaging and di-ammonium phosphate. The currency and the political and economic environments are stable. Dominican Republic imports for 2017 was $21.23B, a 1.34% increase from 2016. Exports in Dominican Republic averaged 617.85 USD Million from 1997 until 2020, reaching an all time high of 1016 USD Million in May of 2019 and a record low of 282.80 USD Million … Good match for UK exports Exports for Own Account: For 2019/2020, the current exports for own account outstanding balance is 2,100 MT, all Canada. Dominican Republic, and to lesser extent also from Ecuador and Colombia. April 10, 2019 Author: Tiziana Barghini The economy of the Dominican Republic is set to surpass its regional neighbors this year, notching the highest growth in the Caribbean region. Exports from the Caribbeandeclined to an estimated 114 000 tonnes in 2019 – a decrease of 10.9 percent compared with 2018. Agriculture is the second most important industry particularly in export earnings just behind mining. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. As reported by other tobacco businesses, the Association of Dominican Cigar Manufacturers has also seen an uptick in premium cigar consumption in the past year due to the COVID-19 pandemic. Though Dominican Republic exports of goods fluctuated substantially in recent years, it tended to increase through 1970 - 2019 period ending at 11,218 million US dollars in 2019. Bigger. Dominican Republic (6,000 MT), Jamaica (3,500 MT), Mexico (2,400 MT), and Canada (200 MT). However, after CAFTA-DR entered into effect, most of the U.S. exports to the Dominican Republic are entering duty free, while others are going through a phase-out process of up to 20 years (ending in 2025). 2019 France: $119.37B 2019 China: $108.32B ... Germany Exports by Country Last Previous; United States 9908315.00 9339194.00 ... 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