Dominican Commerce – Succeed Doing Business with Dominican Republic

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DOMINICAN COMMERCE was created to support future investors and importers both in the Dominican Republic and the rest of the world in the preparation, identification and development of a strategy to take advantage of commerce and investment opportunities presented in the country.

Some of the support keys DOMINICAN COMMERCE offers are; current economic data with statistical trends and specific market analysis, foreign investment support, transnational company strategies and investment sectors. The Dominican Republic is remarkably one of the primary countries receiving direct foreign investment, within Central America and the Caribbean, due to its advantageous geographic location, and political treaties and tools created for development ease.

2013 Office of the United States Trades Office:

U.S.-Dominican Republic Trade Facts

Dominican Republic is currently our 45th largest goods trading partner with $8.6 billion in total (two way) goods trade during 2009. Goods exports totaled $5.3 billion; Goods imports totaled $3.3 billion. The U.S. goods trade surplus with Dominican Republic was $1.9 billion in 2009.

Exports

Dominican Republic was the United States’ 33rd largest goods export market in 2009. U.S. goods exports to Dominican Republic in 2009 were $5.3 billion, down 20.1% ($1.3 billion) from 2008, but up 88% from 1994 (the year prior to Uruguay Round). U.S. exports to the Dominican Republic are down 1.5% from 2006 (Pre FTA).  The top export categories (2-digit HS) in 2009 were:  Electrical Machinery ($630 million), Mineral Fuel (oil) ($620 million), Machinery ($371 million), Vehicles ($351 million), Plastic ($297 million).

U.S. exports of agricultural products to Dominican Republic totaled $884 million in 2009, the 20th largest U.S. Ag export market. Leading categories include: coarse grains ($174 million), soybean meal ($147 million), wheat ($93 million), and tobacco ($84 million).

Imports

Dominican Republic was the United States’ 50th largest supplier of goods imports in 2009. U.S. goods imports from Dominican Republic totaled $3.3 billion in 2009, a 16.3% decrease ($649 million) from 2008, but up 8% over the last 15 years. U.S. imports from the Dominican Republic are down 26.6 from 2006 (pre-FTA).

The five largest import categories in 2009 were: Optical and Medical Instruments ($526 million), Precious Stones (jewelry) ($436 million), Electrical Machinery ($371 million) Knit Apparel ($341 million), and Tobacco ($292 million). U.S. imports of agricultural products from Dominican Republic totaled $379 million in 2009. Leading categories include: cocoa beans ($100 million), raw beet and cane sugar ($76 million), and fresh vegetables ($27 million).

Trade Balance

The U.S. goods trade surplus with Dominican Republic was $1.9 billion in 2009, a 25.8% decrease ($676 million) over 2008.

Investment

U.S. foreign direct investment (FDI) in Dominican Republic (stock) was $960 million in 2008 (latest data available), up 25.3% from 2007. U.S. direct investment in Dominican Republic is primarily in the manufacturing sector.

Resource: http://www.ustr.gov/countries-regions/americas/dominican-republic

For more information on how DOMINICAN COMMERCE can support your new venture in Dominican Republic, download our 2011 Expansion Plan for Dominican Republic or contact one of our representatives at the information below:

DOMINICAN COMMERCE
info@dominicancommerce.com
www.dominicancommerce.com
Twitter: @DRCommerce

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