The Dominican Association of Free Zones (Adozona) reported that the accumulated export value was US $ 6,529.24 million during the first 10 months of 2022.
This is the highest month in the history of free zones for a January-October period. According to data provided by the General Directorate of Customs, accumulated exports from free zones up to October 2022 show double-digit growth (+10%).
They went from US$5,937.95 million (2021) to US$6,529.24 million (2022), equivalent to a very strong additional value of US$591.29 million.
The report highlights that the performance of three key items account for this growth. One of them is medical devices, which grow +20.6% until October from US$970.24 million (2021) to US$1,169.70 million (2022), equivalent to a contribution of an additional US$199.47 million in this 10-month period.
Then there is the textile industry, which grew +15.7%, going from US$709.11 million (2021) to US$820.38 million (2022), equivalent to a contribution of an additional US$111.28 million, and plastics exports that grow +45.8%, going from US$200.96 million (2021) to US$292.92 million (2022), equivalent to a contribution of an additional US$91.97 million.
The president of the Adozona, Luis José Bonilla, said that between January and October 2019, the export value of free zones was US$ 5,045.7 million, which represents an increase of 29.4% compared to this 2022, and a growth of 36.5% compared to 2020.
“We continue to exceed expectations and figures, without a doubt it is the result of a great effort by the entire sector, to propel and boost the Dominican economy,” said Bonilla. 187 new free zone companies have been approved for operation over the last two years.
Source:
El Caribe
