{"id":10959,"date":"2024-12-02T13:04:21","date_gmt":"2024-12-02T13:04:21","guid":{"rendered":"https:\/\/dmklawyers.com\/?p=10959"},"modified":"2024-12-02T13:04:23","modified_gmt":"2024-12-02T13:04:23","slug":"performance-of-the-free-trade-zones-sector-january-october-2024","status":"publish","type":"post","link":"https:\/\/dmklawyers.com\/en\/performance-of-the-free-trade-zones-sector-january-october-2024\/","title":{"rendered":"Performance of the Free Trade Zones Sector January &#8211; October 2024"},"content":{"rendered":"\n<p>Excellent news continue to arrive for the Dominican economy, once again from the Free Trade Zones sector, which in October 2024 reached a new record for the month of October. According to preliminary statistics from the General Directorate of Customs (DGA), after reaching an accumulated value of US$6,498.88 million by September 2024, a significant increase of +7.7% over the US$6,036.05 million exported in the same period of 2023, Free Trade Zone exports continue their excellent performance in October 2024, as shown in the attached graph: +8.1%, from US$712.06 million (October 2023) to US$769.84 million (October 2024).<\/p>\n\n\n\n<p>Some tariff categories stand out for their excellent performance in October 2024: Medical Devices (chapter 90) grew by an additional US$12.45 million, followed by Tobacco exports (chapter 24) with an additional US$11.12 million, and finally, Electrical Materials (chapter 85) with an additional US$8.87 million.<\/p>\n\n\n\n<p>Finally, the geographical diversification of Free Trade Zone exports has further intensified in October 2024, as shown in the attached table: while the U.S. market grew by +7.2%, from US$538.95 million (October 2023) to US$577.65 million (October 2024), still representing 75.0% of the total Free Trade Zone exports, the Rest of the World (including Haiti and Puerto Rico) grew by +11.0%, from US$173.11 million (October 2023) to US$192.19 million (October 2024). Likewise, the recovery of the Haitian market stands out, which grew in October 2024 (+16.3%) for the second consecutive month, from US$21.83 million (October 2023) to US$25.39 million (October 2024).<\/p>\n\n\n\n<p>Thanks to this significant export growth up to October 2024, the Free Trade Zones sector is the second-fastest growing economic sector of 2024 (+6.5%), only surpassed by the Financial Services sector (+7.9%) but ahead of important sectors such as Tourism (+6.0%) and Transport (+5.8%), according to preliminary data from the Central Bank (BCRD).<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"848\" height=\"410\" src=\"https:\/\/dmklawyers.com\/wp-content\/uploads\/2024\/12\/bc20241125a-5-1.jpg\" alt=\"\" class=\"wp-image-10960\" srcset=\"https:\/\/dmklawyers.com\/wp-content\/uploads\/2024\/12\/bc20241125a-5-1.jpg 848w, https:\/\/dmklawyers.com\/wp-content\/uploads\/2024\/12\/bc20241125a-5-1-300x145.jpg 300w, https:\/\/dmklawyers.com\/wp-content\/uploads\/2024\/12\/bc20241125a-5-1-768x371.jpg 768w\" sizes=\"(max-width: 848px) 100vw, 848px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Excellent news continue to arrive for the Dominican economy, once again from the Free Trade Zones sector, which in October 2024 reached a new record for the month of October. According to preliminary statistics from the General Directorate of Customs&#8230;<\/p>\n","protected":false},"author":9,"featured_media":10960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[149],"tags":[],"class_list":["post-10959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-in-dr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Performance of the Free Trade Zones Sector January - October 2024 - DMK Abogados<\/title>\n<meta name=\"description\" content=\"Performance of the Free Trade Zones Sector January - October 2024\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dmklawyers.com\/en\/performance-of-the-free-trade-zones-sector-january-october-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Performance of the Free Trade Zones Sector January - October 2024 - DMK Abogados\" \/>\n<meta property=\"og:description\" content=\"Performance of the Free Trade Zones Sector January - October 2024\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dmklawyers.com\/en\/performance-of-the-free-trade-zones-sector-january-october-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"DMK Abogados\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DMKAbogados\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-02T13:04:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-02T13:04:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dmklawyers.com\/wp-content\/uploads\/2024\/12\/bc20241125a-5-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"848\" \/>\n\t<meta property=\"og:image:height\" content=\"410\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fuente Externa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DMKAbogados\" \/>\n<meta name=\"twitter:site\" content=\"@DMKAbogados\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fuente Externa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/dmklawyers.com\/en\/performance-of-the-free-trade-zones-sector-january-october-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/dmklawyers.com\/en\/performance-of-the-free-trade-zones-sector-january-october-2024\/\"},\"author\":{\"name\":\"Fuente Externa\",\"@id\":\"https:\/\/dmklawyers.com\/#\/schema\/person\/ea8cb9808cd835658a198ff992ae79b2\"},\"headline\":\"Performance of the Free Trade Zones Sector January &#8211; 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