DomRep’s Trade With The U.S. Reaches US$16.8Bn

• The consolidated figures for the year 2021 demonstrate the strength of the economic relationship between the Dominican Republic and the United States, with increases in almost all areas, including remittances, trade, and tourism. 
• The United States was by a large margin the largest issuer of foreign investment received by DomRep from January to September of last year. Foreign direct investment (FDI) from the US reached US$1,021Mn, 41% of the total investments captured in that period, which is the highest percentage in a decade. 
• From January to December 2021, the exchange of goods between the two countries reached a record of US$16.79Mn, an increase of US$4.00Mn in relation to 2020, for a year-on-year rise of 32%. Exports represented US$6,347Mn last year, 20% more compared to 2020, and 14% compared to the volume of 2019. 
• The high inflows of FDI in the Dominican Republic and growing trade relationship will continue to contribute to job creation and employment, technology transfer and overall higher economic growth for the nation.

(Source: Dominican Today& NCBCM)