Dominican Republic: Free Trade Zones Set Record Exports in June 2024

• The Dominican Association of Free Trade Zones (ADOZONA) is celebrating the record-breaking export results published by the General Directorate of Customs (DGA) for June 2024. The sector achieved a new high with exports totalling US$0.75Bn, marking a 4.6% increase compared to the same period last year. Overall, total exports for June 2024 rose by 8.6% from June 2023, reaching US$1.13Bn.
• ADOZONA President Luis José Bonilla Bojos highlighted the significance of these results, stating that they reaffirm the vital role of Free Trade Zones in driving economic growth and job creation in the Dominican Republic.
• “These results reflect the continued commitment of the export sector and its ability to adapt and grow in a dynamic global environment. ADOZONA is proud that our sector can contribute significantly to the sustainable economic development of our nation, promoting investments and generating opportunities for all Dominicans,” said Bonilla Bojos.
• In the first half of 2024, total exports amounted to US$6.33Bn, showing a 3.1% growth compared to US$6.15Bn in the same period of 2023. Domestic exports reached US$1.92Bn, slightly below the previous year while Free Trade Zone exports hit a record US$4.26Bn, reflecting a robust growth of 6.8% compared to US$3.99Bn by June 2023.
• Annualized exports from Free Trade Zones over the past 12 months reached a historic record of US$8.3Bn. If this trend continues, exports could exceed US$8.5Bnn by the end of 2024, marking a significant milestone in the sustained growth of the export sector.

(Source: Dominican Today)