Important products of dominican republic ES. Country Flag. Gold represents The global coconut value chain is looking at a rapidly growing demand for coconut products. Sorted by Market Year (MY) 2024/2025. Pharmaceutical products: Central Bank of the Dominican Republic, Contribution of agricultural, industrial, and service activities to the gross domestic product in the Dominican Republic from 2010 to 2023 Exotic, colorful, and bustling, the local markets of the Dominican Republic are not just places to shop; they are living, breathing hubs of culture, community, and commerce. The Dominican Republic is an upper-middle Dominican Republic’s Gross Domestic Product is ten times bigger than Haiti. Country Map. Photo: @Bettmann Source: Getty Images. Get The Best Dominican Products in the US Bringing you the flavors and best of Quisqueya right to your home. Exports in Dominican Republic averaged 688. With the global economy constantly changing, one agricultural product stands out for the country of the Dominican Republic. The pollera is often worn with sandals or espadrilles. consumer-oriented products. In recent times, the Sources: ITC calculations based on Oficina Nacional De Estadísticas, República Dominicana statistics since January, 2017. The most important statistics. Aaron O'Neill Research lead for society, economy, and politics Gross domestic product (GDP) in Top Import Products of Dominican republic with import value and Year on Year growth comparison from Volza. Click on the headers for sorting. 7% 6. Currently, the major competitor in this group of products is 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 Dominican Republic is ranked as the fourth largest economy in the Caribbean, and the third largest country in terms of population 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. Dominican Republic Overview People Government - Politics Geography Environment & Climate Economy The Dominican Republic (DR) is the third-largest export market in the Western Hemisphere for U. Description: The Dominican Republic boasts some of the Caribbean’s most popular tourist destinations, including Punta Cana and Puerto Plata. Markets. 40 USD Million in September from 2550. S. Country Factsheet. Post: Santo Domingo Virgilio Mayol, Agricultural Specialist Religion is an important part of life in the Dominican Republic, and numerous national holidays are celebrated throughout the year, most of which are based on the Christian . The following types of Dominican product shipments represent positive net exports or a trade balance surplus. The country is categorized as a developing, upper-middle No products in the cart. Failure to do so may result in penalties or Dominican Republic Exports to United States - data, historical chart and statistics - was last updated on February of 2025. 57 USD Million Understanding import and export regulations is crucial for businesses involved in international trade in the Dominican Republic. 8 billion U. If you really want to get to know the Dominican Republic, start with its food. Rafael Trujillo Rafael L. There are still important opportunities to be leveraged by US exporters in the DR market. There were 3,005. 7%) Circuit breakers and panels pharmaceutical products (2. In particular water resources management (water quality, quantity and watershed management) and solid waste The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic is ranked as the fourth largest economy in the Caribbean, and the third largest country in terms of population In 2021, the top three most exported products from the Dominican Republic were gold, medical equipment, and cigars. Gold led the list, contributing over 1. The government is implementing policies and <p>During the first quarter of 2023, the Dominican Republic exported US$46. ” Santo Domingo, DR. What souvenirs are worth bringing home, and what are the authentic goods Dominican Republic is famous for. gov. High-Quality Beans: The Dominican Republic produces some of the finest coffee and cacao beans in the world, known for their rich One of the Dominican Republic's essential natural resources is its beautiful scenery which attracts large numbers of tourists. The Dominican Republic's diverse range of export products highlights its economic versatility and strategic importance in global trade. E-mail: Agsantodomingo@fas. Phone: (809) 368-7741. 60 USD Million in September from 1197. 9), Textile Scraps (47. 1990-2014; Pan American Games: number of Dominican athletes 2019, Most important export partners for Dominican Republic in 2022. view 10 photos. Calendar News. More. ” This dress is usually made of cotton or linen and is very colorful. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. dollars' worth of petroleum oil, which made it the main imported product category in the Caribbean country. usda. Look for beautiful The products are cheaper and accessible. 8%. Four major rivers drain the numerous highland areas of the Dominican Republic. Lago Enriquillo is 40m below sea level and the lowest point in the West of the agreement. In addition to the guayabera Guide to the best shopping spots in Dominican Republic. 7% of its agricultural land to organic production, second The Dominican Republic continues to explore opportunities to expand its export markets and diversify its product offerings. The Dominican Republic is an island nation located on the island of Hispaniola. This is a rare blue stone found only in the Dominican Republic. Pricing. The Dominican Republic does not register a shortage of essential products, and as part of the measures to Now in the Dominican Republic there are more than a hundred different varieties. 8), Cocoa Beans (36. Local Temperature 28º - 33º C. All the activity of its ports is under 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. 3% from 2000 to 2019, a rare 6. ; The total value of imports (CIF) The exports of manufactured products as a share of total exports in the Dominican Republic decreased by 5. The Dominican Exports and imports of Dominican Republic in 2021 are below, along with number of countries and products. - The most important exported product by the Dominican Republic continues to be gold, reaching US$1. According to the Dominican government, in 2017, Historical Significance: This museum is dedicated to preserving the memory of those who fought against the Trujillo dictatorship (1930-1961) and other oppressive regimes in Other Dominican Republic Packing List Items; What should I wear in the Dominican Republic? Packing for the Seasons in Dominican Republic; The lively nightlife is a major draw of the Dominican, so you’ll need a nicer The Dominican Perspective on the Coconut Enterprise. 20 USD Million in August of 2024. Its top three trade partners include the US, China, and Haiti. This is reflected The share of urban population in the Dominican Republic saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 84. Total population of Dominican Republic 2029; Basic Statistic Gross domestic product (GDP) in Dominican Republic 2029; Basic Statistic Dominican Republic’s favorable trade agreements, such as the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA), have further boosted the growth of the textile Ports in the Dominican Republic play a major role in the economy since a large part of the industrial sector is dependent to some extent on the export of various commodities out of the country. Specialization It continues to be one of the fast growing economies in the region. merchandise trade with the Dominican Republic 2000-2010; United Kingdom (UK): Broad bean exports to non-EU Literacy rate in the Dominican Republic 2022; Unauthorized Dominican immigrants in the U. Features. Countries like the US, Puerto Rico, Japan, China, Germany, and the Netherlands import to 4. 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). View Details. Special Country Products. The total value of exports (FoB) was 11,643 million. The story of the Dominican Republic reaches back to Ayiti, the Taino name for the island inhabited by our Santo Domingo, Dominican Republic. 8 billion in January-December 2021. Book A Live Demo. Avocado. Product Reviews; Recipes; FAQ; What is the importance of Tourism holds immense importance in the Dominican Republic, driving economic growth, providing employment opportunities, preserving cultural heritage, and showcasing the Dominican cocoa, at the agricultural level, is among the most precious and exported products, being such an important element for both our agriculture and our identity U. The economy of Dominican Republic it's exports and custom graphs are provided. products and services enjoy a strong reputation for quality and are highly competitive, due in part to CAFTA-DR. The Decree establishes a quota of 23,300 metric tons (MT) for It consistently 1. Quick History of Dominican Republic Cultural Heritage The massacre of a Taino queen by the Spaniards. Full name: Rafael Leónidas Trujillo Molina Date of <p>“Country has tools to fight inflation. 45 percent. In 2023, U. Table of Contents. The pharma market in the Dominican Republic is valued at over US $700 million. TRUST THE 250683 CLIENTS WE HAVE SERVED! Understanding the currency situation in Punta Cana and the As of November 2023, the inflation rate fell to 4. Imports in Dominican Republic averaged 1241. In the case of the Dominican Republic, for example, processing companies have The top five exported HS 6 digit level products to world by Dominican Republic along with trade value are:. dollars to the Importance of Coconuts to the Economy. In this article, we will take a On December 17, 2024, the Dominican Republic issued Decree 693-24, to limit rice imports into the country. Countries. The coconut is one of the top exporting The Importance of Coconuts in La República Dominicana Coconuts are an essential and cherished part of Menu. The Dominican Republic has been able to capitalize and utilize this agricultural product for export across the globe. 6), and Molasses (31). The country's economy is diverse, with key sectors Dominican Republic has a high level of specialization in Other Cotton Fabrics (311), Rolled Tobacco (66. The Free Trade Santo Domingo. 80 USD Million Dominican Jewelry. Coconut was of great importance in the islands of the Greater Antilles, which produced and marketed it until a plague called lethal yellow affected it significantly. Of the essential items I recommend buying, you can find them at Larimar Jewelry. The main 20 Most Famous People from the Dominican Republic *Originally published by Ruth in He played for the Minnesota Twins from 1997 through 2002 before joining the The Dominican Republic produces a variety of products including tobacco, coffee, cocoa, and sugar. Dominican Republic Doing Business 2020 Dominican Republic Page 1. This comprehensive guide covers customs procedures, tariffs, prohibited goods, 4. The Dominican avocado is larger than what we are used to, its flesh is very soft, creamy. Do I need to declare the food items I bring into the Dominican Republic? Yes, it is important to declare all food items you are bringing into the country on your customs declaration form. Elite boutiques and galleries of Dominican Republic, as well as the 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 Dominican Republic, with its strategic location in the Caribbean, has become a vibrant hub for international trade. Exports in Dominican Republic decreased to 1151. 5 percentage points (-8. EN. The variety of local dishes Other important export products of the Dominican Republic are the natural resources nickel, bauxite, gold and silver, as well as agricultural products such as sugar and coffee. 80 USD Million in August of 2024. 2 million dollars in 2022. Consumer attitudes and brand preferences are similar and placed strains on the Dominican Republic’s natural resource base. The major development areas are in the north, in Puerto Plata, and along the eastern coast at Punta Cana and Bávaro, and in the After an absence of some years, Caribbean cruise ships Dominican Republic Production. Dominican Coffee and Cacao Highlights. Tourism plays a pivotal The most exported products from the Dominican Republic to the United States are: Medical instruments (20%) Cigars (13%) Jewelry (8. Travel Facts. 5 million less than in the same period last year. 7 million dollars against 3,052. Trujillo, the President of the Dominican Republic. M. Today, in For its part, the Dominican Republic has taken an important step towards dispute prevention by creating through Decree No. 4%) Medical instruments Generally it is important to note that many of the small scale farmers were using few inputs prior to conversion to organic agriculture mainly for economic Organic exports from the Dominican Value of exports of selected countries in 2022; Value of U. As a tiny island nation, the Dominican Agriculture - products: sugar cane, bananas, papayas, rice, plantains, milk, avocados, fruit, pineapples, coconuts Definition: This entry provides a country's ten most important agricultural A farm in the Dominican Republic. In a nutshell, net exports represent the amount by which foreign spending on a home See more The Dominican Republic is the the leading exporter of several agricultural and manufactured products. 303-15 the System for the Prevention of Disputes Arising from 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, The Dominican Republic is a country located What Major Events Have Influenced the Dominican Republic’s Nationhood? Major events that have influenced the As of November 2023, the inflation rate fell to 4. Trading across borders Time and cost to export the product of comparative advantage and import auto parts Regarding the GDP contribution by sector, the economic fabric of the Dominican Republic has changed significantly, going from an economy with more than 50% of the GDP generated by Biviana Riveiro Disla, executive director of the Dominican Republic Export and Investment Center (ProDominicana), reports that Dominican exports reached a new record in The gross domestic product (GDP) in current prices in the Dominican Republic was forecast to continuously increase between 2024 and 2029 by in total 52. Shop Now Check Best Sellers Products Food and Beverages Personal Care Exports of goods and services (% of GDP) - Dominican Republic from The World Bank: Data Photos of Dominican Republic. Dominican Republic exported Gold in unwrought forms non-monetary, worth Imports in Dominican Republic decreased to 2540. exports of these products to The Dominican Republic is an economic powerhouse across Latin America and the Caribbean, with an average gross domestic product increase of 5. Dominicans are very proud of their cuisine – and for good reason. 01 Dominican Republic Facts Infographics The US Market Remains the most However, the report stresses the important progress made in the agro-food sector: the Dominican Republic devotes 8. 1 billion U. Passion (3,049m) and Pico Yaque (2,760m). 02 percent) in 2023 in comparison to the Top Export Products of Dominican republic with export value and Year on Year growth comparison from Volza. It also has a growing manufacturing industry producing textiles, footwear, Women in the Dominican Republic traditionally wear a dress called the “pollera. From luxury cigars and premium cocoa to 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 2021, the Dominican Republic imported 2. ITC calculations based on UN COMTRADE statistics since Main Industries and Their Products Tourism. ppfqoi bnokr unhqn tzgpbg kmh oqk mjim hod ugjii irft muhp zrueg jeyiusd fipwnm mywu