{"id":11089,"date":"2025-01-15T13:41:26","date_gmt":"2025-01-15T13:41:26","guid":{"rendered":"https:\/\/dmklawyers.com\/?p=11089"},"modified":"2025-01-15T13:41:28","modified_gmt":"2025-01-15T13:41:28","slug":"exports-of-goods-from-dr-reached-us12925-1-mm-in-2024","status":"publish","type":"post","link":"https:\/\/dmklawyers.com\/en\/exports-of-goods-from-dr-reached-us12925-1-mm-in-2024\/","title":{"rendered":"Exports of goods from DR reached US$12,925.1 MM in 2024"},"content":{"rendered":"\n<p>An increase of 8.3% compared to the accumulated figure in 2023.<\/p>\n\n\n\n<p>Dominican merchandise exports totaled 12,925.1 million dollars at the end of 2024, an increase of 8.3% compared to 2023 and an increase of 28.2% compared to 2019, the year prior to the covid-19 pandemic, according to the Dominican Export and Investment Center (ProDominicana).<\/p>\n\n\n\n<p>Exports to the U.S. registered the highest absolute growth, 435.6 million dollars, for a relative increase of 6.7%.<\/p>\n\n\n\n<p>This increase was driven by products such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cocoa beans (278.5%)<\/li>\n\n\n\n<li>Medical devices (52.2%)<\/li>\n\n\n\n<li>Plastics (16.7%)<\/li>\n\n\n\n<li>Cane sugar (35.9%)<\/li>\n<\/ul>\n\n\n\n<p>Shipments of goods to India grew by $685.2 million (an increase of 86.7%) as exports of raw gold and cocoa beans rose by 83.4% and 86.4%, respectively.<\/p>\n\n\n\n<p>On the other hand, exports to Canada closed at 185.8 million dollars, an increase of 184% due to the increase in cigar sales, with more than 6.1 million dollars sold to that country.<\/p>\n\n\n\n<p><strong>Overall Performance&nbsp;<\/strong><\/p>\n\n\n\n<p>In 2024, exports of the domestic regime reached 3,996.9 million dollars, with a growth of 11.3% compared to 2023, while free zones reached a record of 8,607.1 million, increasing by 6.9%.<\/p>\n\n\n\n<p>&#8220;This sustained growth in exports reaffirms the fundamental role of foreign trade as a driving force for the Dominican economy,&#8221; said the executive director of ProDominicana, Biviana Riviero, who recalled that this sector generates jobs, attracts more foreign exchange income and positions the country in international markets.<\/p>\n\n\n\n<p>She emphasized that these results reflect the success in export promotion policies and the resilience of the domestic productive sector,&#8221; positioning the Dominican Republic as a benchmark in competitiveness and dynamism in the region.&#8221;<\/p>\n\n\n\n<p><strong>Fostering Exports&nbsp;<\/strong><\/p>\n\n\n\n<p>ProDominicana highlights that this performance has been influenced by the implementation of the first National Plan for the Promotion of Exports, which has made significant progress.<\/p>\n\n\n\n<p>Of the 278 measures contemplated for the 2020-2023 period, more than 75% have had some level of impact, 27.3% are fully implemented and about 50% are in the execution phase.&nbsp;<\/p>\n\n\n\n<p>With a focus aligned with the&nbsp;<strong>RD 2036 Goal<\/strong>&nbsp;of doubling the gross domestic product (GDP), the institution implements concrete actions to consolidate the position of Dominican products in the global arena. In addition, integrated efforts are being made to attract investment in sectors of high added value, technological innovation and sustainability, thus contributing to the construction of a more competitive, inclusive and resilient economic model.<\/p>\n\n\n\n<p>According to projections by the International Monetary Fund (IMF), the volume of exports of goods and services in the Dominican Republic is expected to grow by 5.3% by 2025.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>THE FIGURES<\/strong><\/p>\n\n\n\n<p><strong>278.5&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>Cocoa Leads<\/strong>: Cocoa exports grew the most in 2023. The price of the product has multiplied in recent years.<\/p>\n\n\n\n<p><strong>685.2<\/strong><\/p>\n\n\n\n<p><strong>Exported to India<\/strong>: These are the millions of dollars in goods exported to India, which represented an increase of 86.7% compared to 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An increase of 8.3% compared to the accumulated figure in 2023. Dominican merchandise exports totaled 12,925.1 million dollars at the end of 2024, an increase of 8.3% compared to 2023 and an increase of 28.2% compared to 2019, the year&#8230;<\/p>\n","protected":false},"author":9,"featured_media":11087,"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-11089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-in-dr"],"acf":[],"yoast_head":"<!-- This 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