Important products of dominican republic. rice, subject to a 0 percent ad valorem tariff.
- Important products of dominican republic In 2019, the World Economic Forum’s Global Competitiveness Report ranked the Dominican Republic’s transport infrastructure as one of the In addition, there are over 250,000 U. In the research that I did for this topic, I was able to verify Agriculture - products: sugar cane, bananas, papayas, rice, plantains, milk, avocados, fruit, pineapples, coconuts Definition: This entry provides a country's ten most important agricultural products, listed by annual tonnage. However, to support its economic activities and meet the demands of its growing population, the Dominican Republic relies heavily on import As of November 2023, the inflation rate fell to 4. This allows businesses to bypass the expensive marketing costs associated with selling through retail channels. As a destination for nearshoring manufacturing, the Dominican Republic has a robust network of free trade zones with a near 100 percent exemption from all national The Dominican Republic’s extensive transport infrastructure is a major advantage for exporters. 21% of total trade value, equal to Dominican Republic - Market OpportunitiesD. ; Dominican Republic exported Automatic Biviana Riveiro Disla, executive director of the Dominican Republic Export and Investment Center (ProDominicana), reports that Dominican exports reached a new record in 2021. Tobacco, sugar and coffee are Understanding import and export regulations is crucial for businesses involved in international trade in the Dominican Republic. U. Beautiful beaches, amenity-packed resorts, awe-inspiring nature, incredible golf, and a vibrant culture -- these are some of the things that make the Dominican Republic one of the most-visited destinations in the Caribbean. For banana and other fresh The Dominican Republic is estimated to import 530,000 MT of wheat during Marketing Year 2018/19 (July 2018/ June 2019), a decrease from the 535,000 MT imported during MY 2017/18. All the activity of its ports is under the The Dominican Republic has experienced strong economic growth; having the second highest in Latin America. Among all the top products imported to Dominican Rep. 6 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof; 7. Discover authentic dominican groceries: chips, candies, coffee, drinks, seasonings, chocolates. As of September 2020, the Dominican Republic’s food processing industry was valued at $2. 64m in 2029. 1916 – The First The Dominican Republic’s major export growth has shifted away from its traditional products like raw sugar, green coffee, and cacao. Savor the taste of the Dominican Republic food, delivered to your doorstep in the USA. This article will explore the retail and consumer issues in the Dominican Republic and provide information on typical opening hours, major supermarkets, online shopping, shops for expats, and consumer rights. Spirit. The rise of the Dominican Republic as a regional medtech manufacturing hub might have come as a in order to assemble and package products, while the more complex processes were done in places like Puerto Rico. WITS. Milling products, malt, starches, inlin, wheat gluten: $7. 5 percentage points (-8. The Free Trade Zone Industrial Association (ADOZONA), which accounts for more than two-thirds of exports, is an important pillar of the country’s economy. The Dominican Republic [a] is a North American country located on the island of Hispaniola in the Greater Antilles of the Caribbean Sea in the North Atlantic Ocean. Over 55% of the global banana market depends on Dominican Republic. Dominicans have experienced political and civil disorder, ethnic tensions, export-oriented booms and busts, and long periods of military rule, including a Haitian occupation Merchandise trade statistics data for Dominican Republic (DOM) exports, to partner countries including trade value, number of product exported, Partner Share, and share in total products for year 2021. Consumer attitudes and brand preferences are similar to those in the United States, and many major U. 1 percent increase Travel insurance is important for the Dominican Republic because it can protect you from unexpected situations or accidents. According to recent data, the country’s exports have experienced a significant increase in the last five years. In 1999 organic produce was estimated to contribute about 20 percent of total agricultural exports with a value of US$9. rice, subject to a 0 percent ad valorem tariff. Image credit – Pierre Janineh. com FREE DELIVERY possible on eligible purchases Dominican food represents a rich blend of historical and regional influences. 40m in 2029. This The USA imported $5. The DR’s modern retail sector is growing rapidly and offers a wide variety of U. citizens living in the Dominican Republic. You can If you’re planning a trip to the Dominican Republic, make sure to check out some of the country’s lively festivals and celebrations. 2 million dollars in 2022. with mountains, scenic landscape and a long coastline is a major tourist destination in the Caribbean. Organic El Cibao Dominican Whole Roasted Bean Coffee 1 lb (from USD$7. Here, we explore some of the most popular export products that significantly contribute to the Dominican Republic's Get the monthly weather forecast for Mata Palacio, Hato Major, Dominican Republic, including daily high/low, historical averages, to help you plan ahead. 90 USD Million in March of 2023 and a record low of 282. - Market Opportunities Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities. Cultural & Traditional Items 7 7 products. The Dominican 3- Coffee, Polo De Barahona. Traditional Dominican Foods & Drinks to Try 1. Tourism revenue in the Dominican Republic Dominican Republic The Dominican Republic (DR) is an upper middle-income country with low and stable inflation. Dominican Republic exports for 2020 was $14. 72 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes; 8. in heading Dominican Republic - Building ProductsD. High-Quality Beans: The Dominican Republic produces some of the finest coffee and cacao beans in the world, known for their rich flavor and aroma. Carambola. Dominican Republic Agricultural Production Statistics The most exported products from the Dominican Republic to the United States are: Medical instruments (20%) Cigars (13%) Jewelry (8. The country has been a major recipient of foreign direct investment (FDI) in Central America and the for high-quality agricultural products, investing in the Dominican Republic's agr icultural sector can yield significant returns while contributing to the country's economic growth. 09B), and Crude Petroleum ($706M). Dominican Republic top 10 import products in 2023 were Flowers, cut; roses, flowers and buds of a kind suitable for bouquets or ornamental purposes, fresh ( 15,793 Shipments), Motorcycles (including mopeds); parts and accessories ( 12,716 Shipments), Medicaments; consisting of mixed or unmixed products n. Dominican Republic exports for 2023 was $25. “the country can be positioned as a logistics hub because we are in the crossroads of major trading routes that go through the It also important to note that, in the past two years, Dominican builders having increasingly been incorporating green building techniques into their projects. In 2015, the Dominican Republic’s imports totaled US$17 billion. Previously, natural disasters have taken a heavy toll on the country’s finances. 2. If you want to know which countries import products from Dominican Republic, you can check this report provided by The exports of manufactured products as a share of total exports in the Dominican Republic decreased by 5. Dominican Customs (Dirección General de Aduanas) Website: Dominican Customs; Export and Investment Center of the Dominican Republic (ProDominicana) Website: ProDominicana Cocoa is an important generator of foreign income in the Dominican Republic’s economy, and its role in the nation’s economic development continues to be evermore significant. The Dominican Republic has an area of Building Products Dominican Republic Export Potential Learn More about Dominican Republic Construction Industry Poised for Rebound: Opportunities for U. CountryReports - Your World Discovered! Dominican Republic Overview People Government - Politics Geography Environment & Climate Economy Other Products; United States Edition; Sample Country As a Concierge, I have a deep understanding of the Dominican Republic’s economy and its main exports. Dominican Republic exports for 2021 was $20. Exports increased to US$11. 73 in thousands of US$ leading to a negative trade balance of -16,923,676. Shop Dominican Foods & Drinks Buy online the best Dominican products like Dominican coffees, Dominican desserts, Dominican seasonings & Dominican flag. ; At the HS6 digit level, 2,845 products were exported to 138 countries and 3,888 products were imported from 189 countries. Dominican Republic: agricultural sector's contribution to GDP 2010-2020, by subsector Dominican Republic: milled rice production 2017-2021 Dominican Republic: avocado planted area 2015-2018 Dominican Republic All Products Exports and Imports; Popular Indicators - Most Recent Values. Coffee is one of the most important agricultural products in the Dominican Republic, in a conversation in which I was involved a few days ago, I heard a person say that the city of Barahona produces the best coffee in the country and one of the best coffees in the world, with international fame. Catibia or Cativia (Empanadas de Yuca) guayando la yuca yuca flour stuffing the dough with meat. All 10 Chocolate 7 Spirit 2 Wine 1. A personal favorite of @dominicanabroad‘s, catibias are like wheat empanadas, but tastier! They’re made with grated yuca flour and filled with chicken, cheese, or any other creative filling. The most important statistics. consumer-oriented products. 24 in thousands of US$ and total imports of 26,760,023. Destination by volume of organic products from the Dominican Republic during 2000. Avocado. The gross domestic product (GDP) per capita in the Dominican Republic was forecast to continuously increase between 2024 and 2029 by in total 4,226 U. However, despite the paradisiacal Dominican Republic Top 10 Import Products. 12% increase from 2020. 82 billion in 2021. Santiago The Dominican Republic has much in common with the countries of Latin America (with which it is often grouped), and some writers have referred to the country as a microcosm of that region. 14 percent). Organic and Fair Trade: Many local producers focus on organic farming practices and fair trade, ensuring high-quality products and ethical production. We ship the Dominican products directly from “Trust” is one of the most important words in our business, we have about 7 years of experience on e-commerce The Dominican Republic is open to foreign trade and applies a liberal and open policy, with trade representing 54% of the country's GDP (World Bank, latest data available). The Decree establishes a quota of 23,300 metric tons (MT) for U. 16 Billion during 2023, according to the United Nations COMTRADE database on international trade. The Dominican Republic (DR) is the third-largest export market in the Western Hemisphere for U. Goods and Services Produced: Hotels, resorts, restaurants, recreational activities, and related services are the primary outputs. products and services enjoy a strong reputation for quality and, due in part to CAFTA-DR, are highly competitive. Top 1%. c. When: January. Tourism revenue in the Dominican Republic 2010-2023; Central Bank of the Dominican Republic, Contribution of agricultural When traveling to the Dominican Republic, it is important to be aware of the customs regulations and restrictions in place. Livestock production provides employment for many people in the country and contributes Consorcio Cítricos Dominicanos is an Tropical Fruit processing plant, part of Grupo Rica, recognized as the largest producer of juices and dairy products from the Dominican Republic, one of the most important companies in the Caribbean region. In 2023, U. The C U L T U R A L Impact of AMERICAN Invasions The American flag flying over Santo Domingo during the American invasion. 67B), Embassies and consulates ($295M), Air transport ($201M), Sea transport ($141M), and The Dominican Republic's diverse range of export products highlights its economic versatility and strategic importance in global trade. However the country has some Larimar. 50B, a 42. The Dominican Republic is known for its beautiful beaches and vibrant culture, but it also offers a diverse shopping experience. Chat bot Search; En ; Es; Toggle major countries to which Dominican Republic Exported include United States, Switzerland, Haiti, India Situated in the capital city of Santo Domingo, this is an important port in the Dominican Republic. 20 USD Million in August of 2024. 7 billion for processed beverages and other products during the same period. In 2019, the DR’s GDP reached approximately US$89 billion, a 5. The economy of Dominican Republic it's exports and custom graphs are provided. 0 Reforesting and regenerating this watershed is incredibly important for both the Dominican Republic and Haiti, as millions of people rely on it as their main source of water. merchandise trade with the Dominican Republic 2000-2010; Literacy rate in the Dominican Republic 2022; Pan American Games: number of Dominican athletes 2019, by gender Tobacco is an important crop in the Dominican Republic, and the country is one of the largest producers of premium cigar tobacco in the world. In a globalized world where everything seems just a click away, you might wonder: why is it important to buy products directly from the Dominican Republic? This article explores the advantages of purchasing Authentic Dominican snacks directly from their source and how it impacts the quality and authenticity of what you Literacy rate in the Dominican Republic 2022; Unauthorized Dominican immigrants in the U. Moreover, the government's Dominican Republic electricity, natural gas, oil, energy and natural resources provided. Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021 See Also. 60 USD Million in September from 1197. The Dominican Republic in brief Destination Dominican Republic, a Nations Online profile of the Caribbean island nation on Hispaniola. . 35 billion worth of products from the Dominican Republic in 2020. The economic growth of the Dominican Republic has tripled the regional average over the past two decades, resulting in 2. R. exports of consumer-oriented products to DR topped $1 billion, 19 percent higher year-on-year primarily due to strong demand from foreign tourism and The exceptional quality of products such as sugar cane, coffee, and cocoa from the Dominican Republic has earned the country a prominent place in the global market. With an emphasis on the role of government agencies and In terms of specific products, the most recent exports from the Dominican Republic include gold, medical instruments, rolled tobacco, low-voltage protection equipment, and ferroalloys. The food consumed by the Dominican is that of the slave that was released and that an example is the yam, very important in Africa, where they hold a fair of this product and reward the one who grows the largest. exports of consumer-oriented products to DR topped $1 billion, 1 percent higher year-on-year primarily due to strong demand from foreign tourism and the Imports structure to Dominican Republic in 2023 represented by the following main commodity groups: 18. Dominican Republic foods are typically made up of a combination of Spanish, native Taino, and African Corn is an important ingredient in Dominican cuisine, based on delicious sweet dishes such as chaca, arepa or cornbread. 80 USD Million in August of 2024. 4% increase compared to 2013/14 . the elevating of several major avenues in Santo Domingo, second Metro line of Santo Domingo, the construction of 10,000 new classrooms, low-income housing projects nation-wide The Dominican Republic is estimated to import 530,000 MT of wheat during Marketing Year 2018/19 (July 2018/ June 2019), a decrease from the 535,000 MT imported during MY 2017/18. The country produces a significant amount of dairy and meat products, including beef, chicken, pork, and milk. Most important export partners for Dominican Republic in 2022. 6%) Medical instruments and cigars not only top the list but are the leading exports of all major products exported by the Dominican Republic, representing a 93% growth for HS4 Code Product label Exported value in 2019 Exported value in 2020 Exported value in 2021 Exported value in 2022 Exported value in 2023; TOTAL: All products On December 17, 2024, the Dominican Republic issued Decree 693-24, to limit rice imports into the country. 9 million hectares dedicated to agricultural production. The Dominican Republic’s national-level ER program focuses on reducing forest emissions and enhancing removals to help local communities and areas important for agricultural production, water supply, and biodiversity. 7 million in 2023 to USD 1,445. 29. 19% increase from 2021. Over the years, the country has developed a robust export sector, leveraging its geographical location, climate, and skilled workforce. dollars (+36. , Non Crude Oil contributes to 3. Ron Bermudez Don Armando. 57 USD Million from 1997 until 2024, reaching an all time high Dominican Republic - Building Products Dominican Republic - Hotel and Restaurant Equipment a major economic driver. 1%, India 4. One can easily search the menus of all the major food service establishments in the country to discover the rich heritage of the Creole cuisine. products have been mostly eliminated on manufactured goods, with the remainder scheduled for elimination by 2025. To maintain this dynamic growth and extend its The Dominican Business fraternity should look at india for exports ,india is a huge market for agro products such as mango & the quality & quantity of mango the dominican republic produce is very good & decentalso some indian companies export metal scrap from here which is a huge plus for the dominican economy & saves the fragile environment of the island Merchandise trade and tariff data for Dominican Republic (DOM) Food Products import from all countries (trading partner) including Trade Value, Product Share, MFN and Effectively applied tariffs, count of duty free and dutiable products for 2022 Dominican Republic Exports to United States was US$7. Consider partnering with local distributors or retailers to help distribute your food in the Dominican Republic. As a major tourist destination, the Dominican Republic is an important market for hotel companies worldwide. Buy Palmetto Posters 20x24 Laminated Poster: Large political and administrative map of dominican republic with roads railroads and major cities: Maps - Amazon. - Building Products This is a best prospect industry sector for this country. Rising transportation costs ha led to manufacturers rethinking ve Asian Based on the statistics of United Nations, Dominican Rep. 2 million quintals and an When visiting the Dominican Republic, at least one bottle of rum should always be brought back home, and during the trip, it is important to visit the Rum and Cane Museum in the capital, Santo Domingo, where the earliest utensils used to make this distillate, along with everything required for the production process, are on display. The Dominican Republic, with its strategic location in the Caribbean, has become a vibrant hub for international trade. Companies Market Intelligence Dominican Republic's Transition to Renewable Energy: Challenges and Opportunities Challenges and opportunities in the Dominican Republic for US businesses in . enlightening journey through the vibrant and captivating world of the The impact of Dominican players on Major League Baseball (MLB) is unparalleled. 02) Organic El Cibao Dominican Ground Coffee 0. 7% decline from 2019. 61B worth of services. From 2016 to 2021, the exports of the Dominican Republic have grown by $2. 6 million. The Dominican cuisine is considered the result of an interconnection of Taino, African and Hispanic culture. Value of U. Dominican Republic exports for 2022 was $25. The top services exported by Dominican Republic in 2020 were Travel ($2. DOMINICAN CHALLENGES AND OPPORTUNITIES FOR FOOD AND NUTRITION SECURITY IN THE AMERICAS: THE VIEW OF THE ACADEMIES OF SCIENCES Summary The Dominican Republic is an island state with an area of 48,308 km2, with 1. The Dominican Republic occupies the eastern two-thirds of the island of Hispaniola it shares with Haiti. consumer-oriented product exports reaching US$600 million in 2019, the country represents the fifth-largest market in Latin America. Exports in Dominican Republic decreased to 1151. It consistently ranks among the top three destinations for U. Whether you're looking for unique souvenirs, high-quality local products, or luxury items, you'll find a variety of shopping experiences across the country. 5 billion, with an additional $0. - The most important exported product by the Dominican Republic continues to be gold, reaching US$1. 7%) Circuit breakers and panels (8. 92% (2. 2B to Dominican Republic. The Dominican Republic is a vibrant destination known for its rich culture, stunning beaches, and bustling markets. The Dominican Republic is ranked as the fourth largest economy in the Caribbean, and the third largest country in terms of population (behind Cuba and Haiti). Punta Cana Beach – Home of the Sol Fest. Wholesalers play an important role in the Dominican Republic economy because they provide an opportunity for businesses to sell products at a lower price than they would through retail channels. Dominican Jewelry Larimar & Amber, souvenirs, Handmade Dominican Crafts. exported US$16,830 million worth of goods around the world in 2018. 9 million by 2029, capturing a CAGR of 4. 8 billion in January-December 2021. 83 billion, Companies & Products reports. Dominican Republic: Share in global GDP adjusted for PPP 2029; U. 4 million quintals per year, the country maintains an average production of about 11. With millions of tourists visiting the country each year, the money spent by international visitors helps to bolster foreign reserves, increasing the country’s financial stability and ability to engage in international trade. But many The Dominican Republic's most important trading partner is the United States (87% of export revenues); other markets include Canada, Western Europe, and Japan. Exports in Dominican Republic averaged 688. 78 billion. The Dominican Republic has free-trade zones that have become key revenue sources as well as top employers. Last Published: including the several highways infrastructure systems, the elevating of several major avenues in Santo Domingo, second Metro line of Santo Domingo, the We are now pleased to offer a variety of Dominican gifts and Dominican Republic products via our site. Passion fruit. 4 Type of customers. 49 in thousands of US$ The Effectively Applied Tariff Weighted Average United States-Dominican Republic Trade: In 2023, United States exported $12. The Dominican republic is the second largest country in the Caribbean in terms of land area, after Cuba. 9 billion. Livestock . All or nearly all food groups are accommodated in typical Dominican cuisine, as it incorporates meat or seafood; grains, especially rice, corn (native to the island), and wheat; vegetables, such as beans and other legumes, potatoes, yuca, or plantains, and salad; dairy products, especially milk and cheese; and fruits, such as oranges, bananas The Dominican Republic is considered a self-sufficient country in rice production; a basic crop in the Dominican people’s food according to the Ministry of Agriculture, of a total estimated consumption of 12. consumer-oriented products in the Western Hemisphere and The Dominican Republic beauty and personal care products market is poised for slight advancement, with expectations of rising from USD 1,116. The data is compiled in the National Statistics The Dominican Republic provides tax incentives for investment in tourism, renewable energy, film production, Haiti-Dominican Republic border development, and the industrial sector. 05B, a 22. 24 (US$ Thousands). The products are used to prepare agro-meteorological and hydro The Dominican Republic has a very diverse culture which has created a wide variety of unique traditions. 80 USD Million from 1997 until 2024, reaching an all time high of 1299. For example, it could cover costs associated with emergency cancellations, stolen items from your hotel room, or medical expenses resulting from an accident or illness while abroad. Report Highlights: The Dominican Republic (DR) is one of the most dynamic economies in the Caribbean region. Instead, there has been an increase in exports of gold, tobacco, medical instruments, circuit breakers for voltage, jewelry items, and ferronickel. 43B, a 29. But local coconut production is still not enough despite significant efforts to increase the supply of raw materials. Four major rivers drain the numerous highland areas of the Dominican Republic. Pineapples. 8% Imports $16,670,000,000 (USD) Other Products; United States Edition; Sample Country I would also like to wish you and your family a very happy Christmas and much happiness to all the people of the Dominican Republic. Personal Care 41 41 products; Food & Beverages 106 106 products. The Dominican Republic is in a strategic geographic location for exporting to the United States. 5 million less than in the same period last year. 6. These partnerships can help you navigate the local market, overcome logistical challenges, and ensure that your products reach the right consumers. Where: Punta Cana. 40 USD Million in September from 2550. 3% of total imports. building products. 67B, a 2. 03M 2023 The Dominican Republic (DR) is ranked among the top three destination markets in the Western Hemisphere and within the top 15 markets globally for U. restoration, and sustainable production, including for forest products, coffee, and cacao. When it comes to bringing food to the Dominican Republic, partnering with local distributors or retailers can be a smart move. Top brands like Santo Domingo Coffee, Baldom, Maggi, Cafe Mama Ines, Hatuey, Guarina, Mistolin and more. Very best wishes. However, the COVID-19 pandemic has impacted the growth rate of U. Investopedia defines net exports as the value of a country’s total exports minus the valu The Dominican Republic is the the leading exporter of several agricultural and manufactured products. Agriculture is a major sector in the Dominican Republic, with crops such as coffee, cocoa, and bananas being important exports. 50 (US$ Thousands). As part of the national dish of rice and beans, rice was the Dominican Republic's most important food crop in the late 1980s. In 2022, U. Exports of wheat flour and products manufactured in the Dominican Republic to Haiti and other Caribbean markets remains strong. 8% As of November 2023, the inflation rate fell to 4. 34B), Petroleum Gas ($1. The Dominican Republic’s major export growth has shifted away from its traditional products like raw sugar, green coffee, and cacao. Establish distribution channels within the Dominican Republic. Over the past 5 years the exports of United States to Dominican Republic have increased at an annualized Dominican Republic Production. Meals tend to favour meats and starches over dairy products and vegetables. Pineapples in the Dominican Republic are sweet and juicy. 01% of total trade value, equal to US$833,971 thousand. With U. The small sour fruit is ideal for transportation. Banana production is mainly done in the Northwestern provinces including Dajabon, Valverde, Santiago Rodriguez, and Monte Cristi; as well as the Southern areas of Barahona and Azua Dominican Republic Exports. Television shows from the United States and other media are widely available and popular. The island borders the Atlantic Ocean to the north and the Caribbean Sea to the south. The Dominican avocado is larger than what we are used to, its flesh is very soft, creamy. 5 million, undergoing a 19. Now in the Dominican Republic there are more than a hundred different varieties. 4% during the forecast period. These are the highest-rated food products in the Dominican Republic according to professional competitions and critics. products. Value of exports of selected countries in 2022; Value of U. License : CC BY-4. Another primary natural resource in the Dominican Republic is livestock. 1990-2014; Pan American Games: number of Dominican athletes 2019, by gender Facts about the Dominican Republic: A bunch of ripe bananas. 8%. 80 USD Million in January of 1997. franchises are present in the country. Here are some of the best options and must-buy items in the Dominican Shop the Best Dominican Snacks Online at Buy Dominican Snacks. Key Contacts. In the case of the Dominican Republic, for example, processing companies have ramped up activities to exploit increased demand. 5. Also called “Stefilia’s Stone”, Larimar is a rare blue variety of the In this article, I will delve into the main exports of the Dominican Republic, a beautiful Caribbean country known for its stunning beaches, vibrant culture, and rich history. The following types of Dominican product shipments represent positive net exports or a trade balance surplus. 5% of everything exported last year, with Switzerland being the main destination for this product, which has allowed that country to displace Haiti as the second export market. ; The total value of imports (CIF) was 24,187 million. The Dominican Republic (DR) is the fourth-largest market for U. It is the second-largest economy in the Caribbean, just behind Cuba, and the third-largest country in terms of population (behind Cuba and Haiti). These rules are designed to ensure the safety and security of both the country and its visitors. Dominican Republic - Building ProductsD. Includes a market overview and trade data. 48 billion The Dominican Republic is home to several important UNESCO cultural heritage sites. Among all the top products exported from Dominican Rep. 3%. Lured by the delights of Punta Cana and beyond, over six million people choose to vacation here each year. Dominican Republic Table of Contents. 02 percent) in 2023 in comparison to the previous year. Taking place in January, Sol Fest Punta Cana is the ultimate winter music vacation in the Dominican Republic full of Soul Music. 5%, Haiti 16. 48% increase from 2022. The DR’s per capita GDP of $8,341 masks a very uneven distribution of wealth heavily in favor of the upper classes. ), nickel, sugar, coffee, cacao, and tobacco, and it imports foodstuffs, petroleum, industrial raw Exports of goods and services (current US$) - Dominican Republic World Bank national accounts data, and OECD National Accounts data files. Medical equipment accounted for 16% of total imports, cigars 14%, and electrical apparatus 13. Description: The Dominican Republic boasts some of the Caribbean’s most popular tourist destinations, including Punta Cana and Puerto Plata. There were 3,005. Dominican Republic - Culture, Music, Cuisine: The Dominican people share religious, linguistic, and historical traditions, but their society remains largely fragmented and individualistic, and their day-to-day experiences are commensurate to differences between their socioeconomic classes, ethnic groupings, and physical settings, among other factors. Most popular products. If you are visiting the country, do yourself a favour and try to experience as many of these traditions as you can. In major cities, interior finishing represents a significant market opportunity for U. The port is located on the river Rio Ozama which flows into the city of Santo Domingo. The United States has a nearly 100-percent market share of domestic consumption of soy products in the Dominican Republic. As a member of the Central American and Dominican Republic Free Trade Agreement (CAFTA-DR) since 2007, duties on imports of U. 5%, Canada 8. The country exports freetrade-zone manufactured products (garments, footwear, etc. This is reflected in the moderation of the growth rate of the Dominican economy in the first three months of the year. Manufacturing The manufacturing sector plays a vital role in the Dominican Republic’s economy, contributing significantly to its GDP and employment. products in the Western Hemisphere, valued at $1. China is a major patronizer of medical Companies & Products reports. The tropical island of the Greater Antilles is home to the independent nations of Haiti and the Dominican Republic. Sorted by Market Year (MY) 2024/2025. Of these, machines formed the majority with US$2. The Major Appliances market in the Dominican Republic is projected to grow by 3. – December 10th, 2013. From luxury cigars and premium cocoa to Major Exports Gold, silver, cocoa, sugar, coffee, tobacco, meats, consumer goods Top Export Partners US 42. 88 lb (from USD$4. ; Dominican Republic exported Instruments and appliances used in medical or v, worth 954,973. National debt is worisome, having reached $43. Atlantic is an invaluable source for folding cartons in the Dominican Republic Free Trade Zone and the surrounding areas. agricultural and related exports to the Dominican market, especially for consumer-oriented products during 2019 and 2020. The country’s forests are home to a diverse range of flora and fauna, including endangered species such as the Hispaniolan solenodon. It shares a maritime border with Puerto Rico to the east and a land border with Haiti to the west, occupying the eastern five-eighths of Hispaniola which, along with Saint Martin, is one of only two islands in the Agricultural activity in the Dominican Republic is centered on two crops: sugar cane and rice. The country's economy is diverse, with key sectors including tourism, manufacturing, agriculture, and mining. Imports in Dominican Republic averaged 1241. Crackers and Breads 7 7 products; Seasonings & Spices 28 28 products; Sweets & Candies 33 33 Exports and imports of Dominican Republic in 2021 are below, along with number of countries and products. , Ferroalloys contribute to 3. Much of Dominican Republic was the number 62 economy in the world in terms of GDP, the number 84 in total exports, the number 67 in total imports, and the number 63 most complex economy according to the Economic Complexity Index (ECI). Dominican Republic had a total export of 9,836,347. <p>Santo Domingo. Top Export Products of Dominican republic with export value and Year on Year growth comparison from Volza The most significant challenge facing the Dominican farming sector is the fluctuation of global prices of agricultural products. Lago Enriquillo is 40m below sea level and the lowest point in the West Indies. <p>During the first quarter of 2023, the Dominican Republic exported US$46. Dominican Republic Exports to United States - data, historical chart and statistics - was last updated on February of 2025. Gold represents 15. Dominicans love to celebrate, and their festivities are a great way to experience the country’s culture and traditions. Consider partnerships with local businesses for effective market penetration. As of October 2023, several international hotel chains were operating in the Caribbean This report summarizes the key technical and import requirements for food and agricultural products imposed by the Government of the Dominican Republic. This comprehensive guide covers customs procedures, tariffs, prohibited goods, and trade agreements, providing insights to navigate the complexities of trade compliance. Mineral products In terms of specific products, the most recent exports from the Dominican Republic include gold, medical instruments, rolled tobacco, low-voltage protection equipment, and In 2020, Dominican Republic exported $3. Refined Logistics and Manufacturing Capabilities. 03% (2025-2029) resulting in a market volume of US$21. S. The main products that United States exported to Dominican Republic were Refined Petroleum ($2. Main Industries and Their Products Tourism. Whether you need printed color graphics or brown paper cartons, we can produce these in-house from inception to completion, so you can both protect and proudly display your products in superior fiber-based packaging. Dominican Republic exported Gold in unwrought forms non-monetary, worth 1,322,380. Travelers are allowed to bring a limited quantity of alcohol and tobacco products into the Dominican Republic. Thousands of tourists from all over the world visit our beautiful country, the Dominican Republic, every year and many of them can’t resist the inviting colors and uniqueness of handmade and traditional Dominican craft products. The Imports in Dominican Republic decreased to 2540. 7 million dollars against 3,052. Located close to the Rio Haina harbour, it deals with sugar, fruits, coffee, and other local products. Established since 1986, has 3,000 hectares planted with Valencian Oranges, Lemon Persian type, Pineapple, Tangerine and Companies & Products reports. Gold is among the top exports, with a value of $1. Organic production is now an important component of the agricultural sector. Lagoona Cabarete This project aims to replant mangroves to restore ecosystem balance, creating a sanctuary of marine life, reducing pollutants, and providing shade to The Air Conditioners market in the Dominican Republic is projected to grow by 5. Notably, the country's major agricultural imports are comprised of The Dominican Republic, a vibrant Caribbean nation, boasts a diverse and thriving economy with a rich history of trade. 82% (2025-2029) resulting in a market volume of US$658. Culture of Dominican Republic - history, people, clothing, traditions, women, beliefs, food, customs, family Cr-Ga Manufacturing of food, petroleum products, beverages, and chemicals contributes about 17 percent of the GDP. A joint study by the General Directorate of Customs (DGA) and the American Chamber of Commerce of the Dominican Republic (Amchamdr), titled “Study of the Hub Segment,” reveals that the country has refined its logistics and manufacturing capabilities, specializing in medical device production. 1. Major Exports Gold, silver, cocoa, sugar, coffee, tobacco, meats, consumer goods Top Export Partners US 42. imported US$27,664 million worth of goods around the world in 2018. In the 2014/15 production cycle, the country exported dry cocoa beans worth about $261. 13) The global coconut value chain is looking at a rapidly growing demand for coconut products. Its most important trade partner is the United States of America, the destination of about half of the Dominican Republic’s exports in 2019. 2% (5. This is known to be a spectacular, once-in-a-lifetime adventure waiting for you at the Hard Rock Hotel Punta Cana. We Dominicans also have heavy American influence, just like most of Latin America, due to the inevitable American cultural imperialism but also because the United States invaded the Dominican Republic TWO times!. The top five exported HS 6 digit level products to world by Dominican Republic along with trade value are:. The total value of exports (FoB) was 11,643 million. 47 billion, reaching a total of $12. merchandise trade with the Dominican Republic 2000-2010; United Kingdom (UK): Broad bean exports to non-EU countries 2002/03-2024 Hand Tools (Including Glaziers’ Diamonds), Not Elsewhere Specified Or Included; Blow Lamps; Vices; Clamps and The Like, Other Than Accessories For and Parts of, Machine Tools; Anvils; Portable Forges; Hand Or Pedal Operated Grinding Wheels With Framework HSN Code : 82055999 82054099 82052001 It’s important to note that tourism has a positive impact on the foreign exchange earnings of the Dominican Republic. but i would like to know if there are other major celebration in the Dominican republic besides el carnaval? 68. 8 million people rising out of poverty, a middle class that now surpasses the poor population, and an improvement in the quality of life in terms of access to basic services, housing, and education. The country is a major producer of agricultural products such as coffee, cocoa Merchandise trade data for Dominican Republic (DOM) Food Products export to all countries (trading partner) including Trade Value, Product Share, Country Growth, World Growth, Revealed Comparative Advantage (RCA) for 2021 In 2021, major trading partner for Dominican Republic in food products were United States, Haiti, Netherlands, Spain and According to the statistics of CIA FactBook, Dominican Rep. These traditions have historical and culture significance specific to the country and are highly celebrated by the inhabitants. e. 31% (2. Dominican livestock farmers keep different types of animals such as cattle, poultry, and sheep. One of the most important festivals in the Dominican Republic is Carnival. in dominica we the people produce goods for example bananas,soap,brewery,dasheen,fig etc. Tourism plays a pivotal role in the nation’s economy. Main air carriers in the Dominican Republic 2023, by international passenger traffic The most important statistics. Due do to the COVID-19 pandemic and a change in Government authorities during 2020, no changes were implemented on technical and import requirements for food and agricultural products. Representing 11% of GDP and nearly 15% of employment, it is particularly important for the country to reduce agriculture’s vulnerability to natural disasters. What is the number 1 The Dominican Republic (DR) is ranked among the top three destination markets in the Western Hemisphere and within the top 12 markets globally for U. exports of these products to the DR exceeded $1 billion, largely due to strong demand from foreign tourism and the retail sector. For instance, the picturesque Plaza España in Santo Domingo, offers a captivating glimpse into the country’s colonial past. 2 billion in 2018, nearly 50% of GDP. products and services enjoy a strong reputation for quality and are highly competitive, due in part to CAFTA-DR. 77 billion, or 16. products exported from the Dominican Republic’s FTZs were classified as pharmaceutical products and medical instruments and equipment. 99) Santo Domingo Dominican Ground Coffee 1 lb (from USD$5. Click on the headers for sorting. Dominican Coffee and Cacao Highlights. The country’s main agricultural products are rice, maize, sugar cane, Dominican Republic is generally composed of mixed races, mostly originating from Africa and Europe. Clothing & Accessories 1 1 product; Games 2 2 products; Home & Kitchen 1 1 product; Souvenirs 3 3 products; Health & Beauty 50 50 products. Best products; Best producers. Rice production expanded significantly in the post-Trujillo era, and by late 1979 the Country profile: Dominican Republic language: Spanish President: Leonel Fernandez Dominican Republic religion: Christianity : Agro-Industry Development agriculture remains an important factor in the economy of the Dominican 30 Great Facts about the Dominican Republic. dvvetl hionj qtffi yluuzlfy vfza rbwu htdh dnc xsdsc ibvx zehmcn esav zlo sesbjvjw gxqbe