ProDominicana Presents Provincial Product Profiles
In October 2024, Dominican exports reached record levels for the seventh consecutive month, totaling $1.165 billion, with a year-on-year growth rate of 20.4%.
This information was shared by Biviana Riveiro, Executive Director of the Dominican Republic Export and Investment Center (ProDominicana). She explained that, between January and October 2024, the cumulative export value of goods rose to $10.87 billion, reflecting an 8.2% increase compared to the same period last year.
Riveiro spoke at the launch of the second edition of the “Provincial Product Profiles,” a strategic guide aimed at boosting national economic growth by strengthening exports and attracting foreign investment.
This updated tool details the productive potential of the 31 provinces and the National District, fostering economic development aligned with the “2020-2030 National Export Promotion Plan.”
Export Growth
The ProDominicana study highlights the export progress in several provinces. Duarte registered a growth of 30% in 2023, followed by Barahona with 25%, San Pedro de Macorís with 8%, Puerto Plata with 6%, and San Cristóbal with 5%.
This export dynamism is also evident in the free trade zone sector, where between 2023 and September 2024, 128 new companies were approved, with an investment of $267.2 million and the projection of creating 18,540 jobs.
Additionally, the provinces of Pedernales and Montecristi have experienced notable growth in infrastructure and projects, enhancing their competitiveness.
Since the opening of the Cabo Rojo port in Pedernales in January 2024, three cruise ships have arrived, including the Norwegian Pearl, bringing over 4,500 tourists and 1,870 crew members.
Montecristi, for its part, is advancing with the construction of two natural gas power plants and the expansion of the Manzanillo port, projects promoted with IDB support.
The tourism development in the region has also strengthened, with hotel openings such as Wyndham Garden and Super 8 by Wyndham.
The Executive Director of ProDominicana also highlighted the importance of this new edition, stating that “the Provincial Product Profiles are a key tool for promoting our exports and attracting foreign investment, positioning our provinces in national and international markets.”
She added that this effort provides valuable information for producers, exporters, and investors, contributing to the country’s sustainable growth.
Growth in Every Region of the Country
She specified that the second edition of the Provincial Product Profiles reaffirms ProDominicana’s commitment to promoting the economic growth of each region in the country, maximizing their export and investment opportunities through a detailed understanding of their capabilities.
Manuel García, President of the Dominican Federation of Chambers of Commerce (Fedocámaras), said that the provincial product profiles are strategic tools that allow each province to showcase to the world its productive capacities, talents, and growth potential, offering national and international investors a precise and reliable guide on the opportunities in each region.
“The provincial profiles have become an accessible, trustworthy resource that meets investors’ demand for precise and up-to-date information. This is essential in an increasingly demanding global economic context where accuracy and transparency are key to seizing new opportunities,” said the Fedocámaras executive.
He mentioned that each province is now positioned on the investment business opportunity map, allowing both local and international investors to closely know the high-potential areas in each region of our country.
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