- The free zone scheme continues to be a key driver for export growth, with a relative increase of 7.1% in the January-November 2024 period.
During these 11 months, the sector’s exports reached the figure of 7,974.0 million dollars, compared to the 7,446.7 million dollars registered in the same period last year.
The executive director of the National Council of Free Export Zones (CNZFE), Daniel Liranzo, reported that exports from free zones accounted for 67.07% of the country’s total exports, placing it as the main export sector, based on preliminary figures released by the General Directorate of Customs (DGA).
He stated that, during the month of November 2024, free zones exported 706.6 million dollars, equivalent to a growth of 7.2% compared to the 699.5 million dollars exported in the same period last year.
Subsectors that boosted exports
In a press release, the CNZFE explained that the subsectors that boosted exports in November were:
- Medical and pharmaceutical products (34.7%)
- Tobacco and its derivatives (12.8%)
- Electrical and electronic products (12.3%)
- Textiles (11.4%)
- Jewelry (10.3%)
Liranzo indicated that the diversification of the products exported by free zone companies not only increases their value, but also expands their presence in international markets, which reaffirms the strategic role of this sector in the country’s economy.
“The export dynamism of the free zones shows the solid impetus given by Abinader’s government to strengthen the sector and guarantee the economic progress and social stability of the Dominican people,” said the head of the CNZFE.
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