- Of 10 countries selected, the United States and China have the highest import percentages
At the end of the January-August 2024 period, imports under the free zone regime increased by around US$3,395.20 million, showing a fall of -0.80% compared to last year, according to the “Dominican Republic Trade Magazine August 2024”, released by the General Directorate of Customs (DGA).
The publication shows that plastic materials and manufacture accounted for 22.96% of imports, followed by fine precious pearls with 14.77%, electrical machines and appliances with 9.64%, tobacco and manufactured tobacco substitutes with 8.89%, machines and mechanical appliances with 7.63%, among others. Key to Chart:
A fact worth noting is that ” raw materials imports included consumer goods which accounted for 0.72% and capital goods for 6.65%,” the document highlights.
On the other hand, of 10 selected countries, both the United States and China register the highest import percentages where the USA accounted for approximately 34.28% and exports of 61.1%, while China accounted for 17.73% and exports 9.7%, above Spain, Mexico, Brazil, Germany, Colombia, Trinidad and Tobago, Japan and Italy.
However, the report states that for the period January-August 2024 in the Dominican Republic about 82.57% of imports from free zones are concentrated in at least five provinces: Santo Domingo, San Cristóbal, Santiago, San Pedro de Macorís and La Romana, the rest representing 17.43%. “69.15% of the total of these imports entered by sea, 30.44% by air, while the remaining 0.41% by land,” the publication states.
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