Dominican Republic Export Data: The Trade Analysis of 2024

The Dominican Republic on the eastern portion of the Caribbean peninsula, surrounded by the Atlantic Ocean and Caribbean Sea in the north-eastern front direction, has been thriving as a global exporter in the international market. Dominican Republic Import Data says the overall economic growth has increased by a rate of 8.3% from 2024. Pearls, precious stones, and medical equipment dominate the top exported categories of the Dominican Republic. The United States, India, and Spain are the emerging partners of the Dominican Republic in 2024. The free trade agreement with the United States, CAFTA — DR, facilitates the potential access of Dominican exports to the United States market, increasing the export revenue.

The strong performance from free trade zones and the growth in electronic, plastic, and agro-processed goods accompanied by medical devices and healthcare products has resulted in an export trade value of 22 billion US dollars in 2024. Import Globals with the Dominican Republic trade data gives a statistical analysis of the overall increase in the export revenue on the year-on-year trade, highlighting the potential marketing regions for the business holders by preferring which they can get a positive upward trajectory in their revenue rate.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF THE DOMINICAN REPUBLIC IN 2024

The Trade Facilitation and Customs Modernization implemented by the government authorities in collaboration with the WTO Trade Facilitation Agreement Commitment have expanded the single window system. The initiative has covered 45 agencies and deployed an advanced AI-powered drill engine while boosting the export efficiency of the production sector. The Free Zone Cluster Development recognizes and supports free zone clusters, especially in logistics and medical devices.

The initiative was implemented to increase job opportunities by a crucial rate for increasing the production capacity and the revenue rate of the export generation. The Export Mentorship Program for Small and Medium Enterprises focuses on export regulation logistics and market access. This has matched the membership and trade alignments of the domestic authorities according to international standards. Agro-industrial investment and infrastructure upgrades were enhanced to the eco-precipitation and border market access while improving export capacity.

THE LEADING VARIANTS OF GOODS EXPORTED FROM THE DOMINICAN REPUBLIC IN 2024

The effectiveness of the industrial production of the Dominican Republic has led to more diversification in global export services. According to the Dominican Republic Export Data, the top leading variants of goods exported from the nation in 2024 are,

  1. Precious stones — The total valuation of Precious stones exported from the Dominican Republic in 2024–8.76 billion US dollars
  2. Medical apparatus — The total valuation of Medical apparatus exported from the Dominican Republic in 2024–6.57 billion US dollars
  3. Tobacco substitutes- The total valuation of Tobacco substitutes exported from the Dominican Republic in 2024–5.76 billion US dollars
  4. Electrical equipment — The total valuation of Electrical equipment exported from the Dominican Republic in 2024–5.21 billion US dollars
  5. Plastic and plastic articles — The total valuation of Plastic and plastic articles exported from the Dominican Republic in 2024–4.86 billion US dollars
  6. Pharmaceuticals — The total valuation of Pharmaceuticals exported from the Dominican Republic in 2024–4.21 billion US dollars
  7. Crocheted apparel — The total valuation of Crocheted apparel exported from the Dominican Republic in 2024–1.89 billion US dollars
  8. Edible fruits- The total valuation of Edible fruits exported from the Dominican Republic in 2024–1.64 billion US dollars
  9. Iron and steel products — The total valuation of Iron and steel products exported from the Dominican Republic in 2024–987 million US dollars
  10. Mineral essential- The total valuation of Mineral essentials exported from the Dominican Republic in 2024–764 million US dollars.

THE TOP 10 EXPORT TRADE PARTNERS OF THE DOMINICAN REPUBLIC IN 2024

The increasing engagement of the management firms in the proficient supply of demanded essentials has led to stability in the bilateral ties. According to the Dominican Republic Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. United States — The total annual export trade value of goods from the Dominican Republic to the United States in 2024–7.68 billion US dollars

Top 5 variants of goods exported

a. Pearls

b. Precious stones

c. Gold (unwrought/semi-manufactured)

d. Silver

e. Medals/coins

2. Haiti- The total annual export trade value of goods from the Dominican Republic to Haiti in 2024–5.42 billion US dollars

Top 5 variants of goods exported

a. Optical apparatus (lenses, prisms)

b. Photographic equipment

c. Technical apparatus

d. Medical Apparatus

e. Surgical instruments

3. Switzerland — The total annual export trade value of goods from the Dominican Republic to Switzerland in 2024–4.86 billion US dollars

Top 5 variants of goods exported

a. Dental devices

b. Veterinary medical tools

c. Electrical machinery

d. Electronic equipment

e. Automatic circuit breakers

4. India- The total annual export trade value of goods from the Dominican Republic to India in 2024–3.91 billion US dollars

Top 5 variants of goods exported

a. Electrical connectors

b. Plastics (raw)

c. Plastic articles

d. Apparel, knit or crocheted

e. T‑shirts and vests

5. Netherlands — The total annual export trade value of goods from the Dominican Republic to the Netherlands in 2024–2.76 billion US dollars

Top 5 variants of goods exported

a. Apparel, not knit

b. Footwear (shoes, gaiters)

c. Tobacco products

d. Cigars

e. Cigarillos

6. China- The total annual export trade value of goods from the Dominican Republic to China in 2024–1.65 billion US dollars

Top 5 variants of goods exported

a. Cigarettes

b. Spirits (rum)

c. Beer

d. Malta (malt beverage)

e. Rum

7. Canada- The total annual export trade value of goods from the Dominican Republic to Canada in 2024–1.24 billion US dollars

Top 5 variants of goods exported

a. Malt drinks

b. Pharmaceuticals (mixed medicaments)

c. Medicines (specific drugs)

d. Cocoa beans

e. Cocoa preparations

8. Germany — The total annual export trade value of goods from the Dominican Republic to Germany in 2024–1 billion US dollars

Top 5 variants of goods exported

a. Sugar (cane)

b. Sugar confectionery

c. Edible fruits

d. Nuts

e. Citrus peel

9. Spain- The total annual export trade value of goods from the Dominican Republic to Spain in 2024–965 million US dollars

Top 5 variants of goods exported

a. Melons

b. Fruit preparations

c. Vegetable preparations

d. Iron and steel items

e. Ferro‑nickel

10. Belgium- The total annual export trade value of goods from the Dominican Republic to Belgium in 2024–764 million US dollars

Top 5 variants of goods exported

a. Steel rods and bars

b. Aluminum (raw or products)

c. Metal ores, slag, ash

d. Salt

e. Sulphur

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